What is Health Savings Account?

[Dako Ang Imo...]

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Yes, Kaiser. IMG is the exclusive marketing arm of Kaiser in the Philippines. It carries both health care and savings.

Unsa man mga benefits/features ani? Ngano nakasulti man ka nga Health Savings Account?

[makie]

Unsa man mga benefits/features ani? Ngano nakasulti man ka nga Health Savings Account?

If you avail Kaiser's plans, you could avail free medical and dental check ups with affiliated doctors, an annual hospitalization benefit of P50T, room benefit depending on the plan, and many more. If the policy holder won't use the policy during the payment period which is 5 years, it will compound annually by 10% and it will mature on the 10th year after the last payment. The policy holder will then have the option to get lump sum, take a partial amount and let the remaining amount grow, or leave it as is and continue to let it compound (still at 10% annually). It is ideal for retirement plans.

If you want a much detailed explanation, please feel free to PM me.

[Metz]

Unsa man mga benefits/features ani? Ngano nakasulti man ka nga Health Savings Account?

pareha rajud sa HSA bai, mag save ka gingagmay for a specific number of years then imo nalang patuboon kay ang main purpose nimo ani is medical benefits after retirement kay dili man nimo ma carry over ang imo health insurance sa imo company. And while saving naa kay additional medical/accident/death benefits from Kaiser.

same with HSA, if mo mature na, you can use the lump sum for anything you wish, but mas better if imo nalang patuboon kay this will defeat the purpose of long term health care.

Nindut ni i-combo sa imo short-term(company health insurance) kay di jud magamit and maximized ang returns.

Kaiser is actually a HSA provider sa US/Canada. They brought it to the Philippines and customized it for the Philippine market.

Kaiser combined with mutual fund is actually one of the best financial solutions for long term.
Kaiser will insure you don't touch your mutual funds aron ma maintain nimo imo desired "monthly income" provided by mutual funds.

[wizard_jamex]

pareha rajud sa HSA bai, mag save ka gingagmay for a specific number of years then imo nalang patuboon kay ang main purpose nimo ani is medical benefits after retirement kay dili man nimo ma carry over ang imo health insurance sa imo company. And while saving naa kay additional medical/accident/death benefits from Kaiser.

same with HSA, if mo mature na, you can use the lump sum for anything you wish, but mas better if imo nalang patuboon kay this will defeat the purpose of long term health care.

Nindut ni i-combo sa imo short-term(company health insurance) kay di jud magamit and maximized ang returns.

Kaiser is actually a HSA provider sa US/Canada. They brought it to the Philippines and customized it for the Philippine market.

Kaiser combined with mutual fund is actually one of the best financial solutions for long term.
Kaiser will insure you don't touch your mutual funds aron ma maintain nimo imo desired "monthly income" provided by mutual funds.

Correct. It's better to combine it with mutual funds. Kung Term Life Insurance sad...puwede sad nimo combine ug mutual funds sad.

[Dako Ang Imo...]

Naa ko chart nakit-an sa some websites. Ako iupload ha.



Pwede pa ki explain ninyo. =)

[makie]

Naa ko chart nakit-an sa some websites. Ako iupload ha.



Pwede pa ki explain ninyo. =)

That was my explanation above. Please re-read.

Regarding the waiver of installment due to death or disability. For example the policy holder dies or became disabled within the 5 paying years, the policy will be automatically be fully paid.

[Dako Ang Imo...]

That was my explanation above. Please re-read.

Regarding the waiver of installment due to death or disability. For example the policy holder dies or became disabled within the 5 paying years, the policy will be automatically be fully paid.

Mao lageh...

If the policy holder won't use the policy during the payment period which is 5 years, it will compound annually by 10% and it will mature on the 10th year after the last payment

During the accumulation period (5 years savings), What if I get sick (grabeh jud) and rush to hospital and I use the policy. Naa man 50k nga benefit.
Question lang.

Mawala ba ang savings? If not, Is there compound interest of savings? Is there bonus that I receive when I use the policy?

So let's say, what if after accumulation period (five years savings), I get sick and rushed to hospital. Is there 50k benefit? (Let's say mahitabo ni during 6th or 7th year ba...simbako lang)

I want to clarify some things....

[makie]

Mao lageh...



During the accumulation period (5 years savings), What if I get sick (grabeh jud) and rush to hospital and I use the policy. Naa man 50k nga benefit.
Question lang.

Mawala ba ang savings? If not, Is there compound interest of savings? Is there bonus that I receive when I use the policy?

So let's say, what if after accumulation period (five years savings), I get sick and rushed to hospital. Is there 50k benefit? (Let's say mahitabo ni during 6th or 7th year ba...simbako lang)

I want to clarify some things....

No, dili mawala ang savings but the amount that you will receive after the 15th year (5 years of paying + 10 years to mature) will be lesser.

Here's how it is supposed to work if wala nimo nagamit for 15 years. The plan amount will compound annually at a rate of 10%, the amount that you paid will be given back to you, and the health benefits (since wala man nagamit) will be given to you. If you're wondering how much the plan amount is, it would be better to talk to a broker, overview ra ni akong mahatag nimo.

Hence, in the illustration, mao na ang yearly health benefits, long term care benefit (plan X 10 years), and long term care bonus (plan compounded by 10% for 10 years).

What if nagamit nimo within the 5-year paying period? The health benefits will be gone so long term care benefit and long term care bonus na lang ang mabilin. Just subtract P175,312 from P503,958 and that's the amount that you might get after 15 years if you decide to take the K-100 plan.

What if after the 5th year ka nagkasakit? It is no longer covered sa health care so you could no longer avail for the health care benefits. However, you could use the amount that compounded for your expenses depending on what year. Whatever amount that accumulated, magamit na nimo.

If you intend to make Kaiser a retirement plan (since dako2 man gyud ta ug makuha after 20 or 30 years time), why not avail for another health care plan so to keep your Kaiser investment safe? Most health care only offer health care and doesn't carry savings which is, for me, ideal to go with Kaiser and is cheaper. But downside lang pud, if di nimo magamit, since wala man siyay savings feature, wala pud kay makuha.

[wizard_jamex]

Kaiser is one of the registered Health Maintenance Organization (HMO) in the Philippines. It's also one of the best, because it has long term health care plan. Most people know about Health Care is a "Corporate Health Care" or "Short Term Health Care". Most people don't have personal health care and that's why during their retirement, they don't have health care any more, because they no longer part of the company but sad to say this...but it's true.

Based what happen to PAL Employees right now (kato gipangtak tak)... Ang PAL nangtaktak ug mga tawo, because of cost cutting. What happened kato mga empleyado nga affected? Luoy kaayo.

The company gave them some benefit like they can still use for their Health Care but in this YEAR only. What will happen in the next year? Can they use their Health Care? The Answer is NO. They're no longer part of the Company.

Most people don't fail to PLAN but they PLAN to FAIL. If they have Personal Health Care. If they know some financial literacy. Maybe..It will not happened to them.

IT'S BETTER TO HAVE PERSONAL HEALTH CARE LIKE KAISER..,.JUST TO PREPARE YOURSELF..IN CASE SOMETHING HAPPEN.

[wizard_jamex]

Hay nako I forgot to give the link about Bureau of Health Facilities and Services under Department of Health. It's list of accredit HMO in the Philippines as of 2009 (Hapit na 2011...wala pa sila ka update..pagkatoytot ana nila...Grrrrrrr.....)

http://www.doh.gov.ph/bhfs/images/listing/hmo2009.pdf