You’re young, healthy, and active. Health insurance may not seem like a priority, compared to paying bills and rent. However, getting a policy today can help you save money and create a financial safety net.

Learn more about how insurance works, and how to choose the best policy for your needs and budget.

Health insurance covers medical costs if you get sick, injured, or have an accident. Some plans also provide benefits like emergency care services, teleconsultations, and preventive care.

It’s important to know the different kinds of policies, so you can choose the right one for your needs.

• Whole life insurance offers lifetime protection and grows in value over time. It can become a valuable financial asset and provides benefits to your beneficiaries when you pass away.
• Term life insurance covers you for a specific period (typically 10, 20, or 30 years). Consider this if you want financial protection during a life stage, like while your children are growing up.
• Health insurance covers medical expenses, including doctor visits, laboratory tests, or hospital stays.
• Long-term disability coverage provides a source of income if you’re unable to work because of a serious illness or injury.

Insurance provides a financial safety net and additional health benefits for you and your family.

According to the Philippine Statistics Authority (PSA), Filipinos spend nearly ₱10,000 a year on health services. The Philippine Hospital Association (PHA) also announced that hospital fees could rise because of higher operating costs.

With insurance, you can get the treatments you need while avoiding significant strains on your finances.

Illnesses and injuries can happen unexpectedly. Insurance helps pay for medical expenses, so you don’t have to use your emergency fund.

When comparing different policies, opt for the plan that covers a wide scope of illnesses (from respiratory infections to critical illnesses like cancer) and medical services.

If you have thorough coverage, you’re less likely to experience financial strain during a health emergency.

Insurance providers are now partnering with medical facilities to offer better care for all. This simplifies processes for getting check-ups, regular vaccinations, and medical tests.

Some insurance plans allow you to add partners or family members as dependents. In case of an emergency, they may also receive financial assistance or free health services.

Like regular insurance, a Health Maintenance Organization (HMO) lets you get health services in exchange for a monthly or annual fee.

However, you must use the HMO’s accredited doctors or hospitals. You also need a referral from a primary care physician before seeing a specialist.

Health insurance is more flexible than HMOs. You can go to any medical provider, and get any services covered by your policy.

Get health insurance as early as possible. Your plan ensures you have coverage whenever you need it and helps pay for preventive care like check-ups and tests.

You’re also more likely to enjoy lower insurance premiums because of your age and lower risk for health problems.

Protect yourself from the high cost of medical care. Get regular check-ups to spot health issues early and invest in health insurance to help cover emergency medical expenses. To determine if your insurance meets your needs, do thorough research. With GFiber, you can enjoy fast and reliable internet to support your efforts.

Short on time? Use online health services. Get a virtual check-up through KonsultaMD, and shop for health insurance through GCash.

Just open the GCash app and select GInsure. Scroll through the list of partners, which include top insurance companies in the Philippines. With all these options, you can find the best plan for your needs.