1. Short term health insurance
2. Long term health insurance
Short term health Insurance - This is the common insurance that we have when we are working, usually the company provides us this or you can buy 1 if you wish too. Short term health insurance usually covers only up to 60 years old, beyond that, no more more coverage.
The known short term health insurance are; Intellicare, Maxicare, Medicard and it does not stop there.
Long term health Insurance - Now this is the type of insurance that may cover more than 60 years old. Basically, long term health insurance is the ideal insurance for retirement. When the short term health Insurance cannot cover you because of age, this is where long term health insurance comes in.
A known long term health insurance here would be Kaiser. It's 4 way type of insurance, that mean it has 4 ways of protecting you with this product. I could not explain the specifications for this because it may cause confusion.
If you want further explanation, you may visit the IMG office.
So which type of insurance is best? Both of them! They both have different purposes. While we still can work, take advantage of the short term health care and once we retire, take the long term health care. Preparation is what we need.
You can get more details here about Wealth Academy:
https://www.facebook.com/WealthAcademyProgramCebu
If you are in Cebu, you can catch Wealth Academy in 2nd floor, JY Square, Lahug. Every Wednesday and Saturday, 6:30PM.
If you are in Manila, you can catch this at 3rd Floor King's Court 1 Building, Pasong Tamo cor Dela Rosa St. Makati. Every Wednesday and Saturday, 6:30PM.
Cheers!
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