05/04/2026
Most of the time being sick is not the main concern BUT the hospital bill is.
When we are still healthy we do not realize that we need to save and prepare for our future healthcare costs. Unless you are sure that you won't get sick.
Having a short-term HMO is not enough because the moment you need healthcare the most, oftentimes you are already unemployed and in your retirement years.
When you get caught unprepared, here are the scenarios:
1. Your kids pay for your hospital bills
2. Your kids will ask money from your relatives to help pay for your hospital bills
3. Your kids post on social-media and ask for donations from friends and even strangers.
4. Your family will sell properties (if you have any) like house, car, land, and even businesses at a very low rate.
5. Your family takes on emergency loans that become a burden to pay after.
6. Your family will go to PCSO and/or other gov't agencies to ask for financial assistance.
and the list goes on and on...
If you don't want any of the above mentioned scenarios, start preparing. We cannot blame our parents because no one offered longterm healthcare before but our kids have all the right the to do so because it's readily available now here in the Philippines.
Know more about longterm healthcare savings program.
