Just the other day in one of my shift (I work full time in a BPO company), there was an employee asking if he can reimburse the hospital fees his dad accumulated this week.
So tinanong ko siya…
What happened to your dad?
Parang naiiyak pa siya noon, when he said, his father had appendectomy.
I happen to be a registered nurse so I asked him a few more questions.
[Appendicitis is a medical emergency that almost always requires prompt surgery to remove the appendix - appendectomy. Left untreated, an inflamed appendix will eventually burst, or perforate, spilling infectious materials into the abdominal cavity.] Source
Prior to the operation they were asked to deposit ₱20,000 to be able to perform the surgery. He said, he only had ₱2,500 during that time.
The surgery cost ₱80,000 [not including hospital fees, medicines, etc.]
He’s the only son and his mother and father are no longer working. They checked his father’s self-paying Philhealth contribution - which they cannot use because he was not able to pay regularly.
His second option was the HMO card provided by our company.
We consulted HR, however we found out he was not a regular employee and is only eligible for HMO benefits after his 6th month regularization.
Why did I tell you this story?
Let me start off with two questions:
- Who do you care for the most? Why I ask? Merely because we all have the same answers, and I’m quite sure of that! We all have families that we care about.
- How do you get ready for unexpected medical needs? Many see this as an unnecessary expense. But time and again, I have personally proven that having medical coverage is not only financially smart, but also hugely beneficial to one’s health.
Ensuring Financial Security
You know you have safeguarded your financial security when you are able to create priorities of your wealth- building purposes. Here’s how your financial house should look like:
Priority 1: Emergency fund
This is the “foundation” of your financial freedom by way of securing a rainy-day fund in any unfortunate life events.
Priority 2: Debt Solution
This is where you establish a game plan towards becoming debt-free the soonest – or being debt proofing your life.
Priority 3: Insurance
Are you still sure you can’t afford it? Can you recall a similar scenario from the story I just told you?
It looks costly especially if you are young and healthy. But you will never know when a medical emergency will surprise you. And when that time comes, you will be glad you had one.
Priority 4: Income Management
You can improve or add income streams to fund your own financial goals.
Overall, safeguarding your loved ones’ future is more than enough to show how much you love them because you don’t want them to get burdened because of your loss.
Since there’s a variety of insurance available in the market, you should avail only according to his purpose, needs, dependents, and of course affordability.
Because nobody is certain where life will take us, having insurance will give us peace of mind.
Now, are you still having second thoughts?
What’s keeping you from protecting your loved ones’ future