In a developing and under-developed countries, a lot of sick people die not because there is no treatment but because they don't have money to pay for these medicine. Poverty has been linked to higher prevalence of many health conditions.
The image below shows the health expenditure outlay in the Philippines. A study showed that most health expenses are private expenditures with as much as 59.1% of the total expenditures. Second to the highest percentage of expenditure is the out of pocket expenditures which has 48.4%. Meaning to say people had to use their out-of-pocket payments for their health expenses.
If we are trying to analyze, if this people belonging to this country have no enough fund for the cost of health, what would have happen if they are going to be sick?
The thing is people must come to realize to invest in health. Again healthcare is the foundation to financial success.
There are types of plans for you. These are HMO, PPO and EPO.
What is HPO?
Health maintenance Organization (HMO) is a medical insurance group that provides health services for a fixed annual fee. Generally, it has no life insurance coverage. There must be a renewal for this. HMO covers services rendered by doctors and other professionals who have agreed by contract to treat patients in accordance with the HMO's guidelines and restrictions. HMOs cover emergency care regardless of the health care provider's contracted status. In HMO plan, you need to choose a primary healthcare physician and all your needed services go directly to that doctor. Meaning to say you need a referral first before going to see your doctor.
What is PPO?
Preferred Provider Organization (PPO) is a type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers. PPO plans give you flexibility. You don’t need a primary healthcare physician. You can go to any health care professional you want without a referral—inside or outside of your network.
What is EPO?
Exclusive Provider Organizations (EPO) is somewhat the same as HMO. They generally don’t cover care outside the plan’s provider network. Members of this kind of plan however, may not need a referral to see a physician unlike HMO whom you need to secure a referral first.
Choosing the right healthcare lies in your own hand. You just have to make sure that this health plan suit you preference. Be wise and be healthy!
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