SG Hospital Bill almost P700,000 for 3days Stay

A client of mine for years, a Filipina Professional worker in Singapore has been hospitalised for 3days last July 2016. The bill amounted to $20,000++ or almost P700,000 in peso. Such amount can be used to buy a house or a big lot in the Philippines.

Thankfully, the bill has been covered and paid by her personal insurance.

Bill picture is the original copy of interim receipt. 

Bear with me and pls imagine this to yourself. As a professional foreign worker paying that same amount of money probably smaller maybe bigger because you got hospitalised due to an illness or accident. How would you feel? -Probably scared.

Well, Im not scaring you. Nobody wants to be hospitalised. Im just opening your mind to see further how can it impact you. You and I are vulnerable to accident and illness. Such as simple chest pain might be a serious illness later, etc...

Imagine how devastating it can be to your dreams and for your family. All your life savings can be gone in a snap. Your proud financial achievements working abroad such as Condos, House & Lot, Business and more, especially your finances will be negatively affected.

You did not come to foreign land to pay bills.. You left your comfort zone to generate wealth and make life beautiful for yourself and family.

I am a Financial Services Consultant of AIA Singapore. 

I'm writing another blog to open more eyes that insurance is a major player in your finances rich or poor. It is a great tool to protect all your hard earned wealth at a low cost. You do not need to die to get the benefit. If illness happens, you get protected. If nothing happens, you get back your money a little lower or probably way bigger depending to the time of withdrawal.

You do not need big amount of money to protect yourself against uncertainties. It can be tailored to your own financial status.

There are 5 insurance benefits that I can provide you:

(1) Death -this is greatly used for estate taxes and family support for breadwinners

(2) Disability -this will provide you financial support should you become disabled from accidents or illness

(3) Early Stage of Illness -this provides lump sum money to pay for your obligations should you get critically ill even on early stage

(4) Hospitalisation -pays your hospital bills both in Singapore and Philippines

(5) Accidental Benefit- this pays your outpatient and clinical treatment due to injuries

It can be blended together with Savings or investment to make it more suitable to you.

I can be contacted thru my mobile number & email.

Mobile No. +6584285361

Email: medzron@aia.com.sg

Insect bite may cost you more than $600!

Have you ever had a simple injury or accident where you spent hundred over dollars in Singapore or maybe a couple of thousands in other country??

I recently had this case of a simple insect bite where a client of mine got billed a few hundred dollars

This client of mine is a simple and nice lady.
She's been in Singapore for quite some time and been enjoying her stay here.

She bought a hospitalisation and accident plan knowing how high an outpatient or hospital bill in Singapore can be. Couple of weeks ago, she went for a leisure walk and stay in the park. Unexpectedly she was bitten by a small insect which caused her skin to be itchy and with plenty of rashes. 

Not letting it out of hand, she quickly went to a clinic for outpatient treatment. She was examined and given treatment.

It was a shock for her to see the bill more than $500 (Not even a hospital bill!!)

Good thing she got this personal accident plan where she claimed $688.76.

The claim form and receipts was received and acknowledged by AIA on August 27, 2016. 
By August 31, 2016, the claim is already approved

Please see the picture below. 

Disclaimer: Claims settlement varies from case to case.

i'm a licensed financial services consultant, for any inquiries, you may reach me at the details below:

Para Sayo! Bakit maraming umaangal sa pagtaas ng bilihin?

Isa ka din ba sa mga taong nagtatanong o naiinis at nagtaas na naman ng bilihin???

Wag ka mag alala kaibigan.. Hindilang ikaw ang namomoblema. Lahat tayo.

Bago ang lahat, ano nga ba ang ginagawa mo sa pera mo kaibigan pag hawak mo na ang iyong SAHOD na iyong pinaghirapan ng isang buwan??

Ikaw ba ay nag eenjoy sa shopping? OUCH! Sakit sa bulsa! Ready ka na lumuha paguwi
Ikaw ba ay mapagimpok ng pera sa bangko? -Ooooops!! Payamanin mo pa si bangko! 
Ikaw ba ay nagiinvest sa stocks, Mutual Fund, property, negosyo at Insurance?? -WOW! yan ang wais na Pilipino! Saludo kami sayo.

Kung mahilig ka magimpok ng pera sa bangko...
Ang pera sa bangko mo ay kumikita ng interest rate na .1% by average. 
Ang inflation ay average ng 2-5%...

Kung may pera kang P1,000 sa bangko,
sa buong isang taon ang pera mo ay kikita ng P1.
Ngunit dahil sa inflation, sabihin natin 4%.. ang halaga ng pera mo ay P960 nalang dahil sa pagbaba ng value ng pera mo pagkatapos ng isang taon

Masakit ba? Totoo po yan...

Teka teka... Ano ba ang inflation?

Sabi sa WIKIPEDIA...

In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services. (https://en.wikipedia.org/wiki/Inflation)

Ito ay ang pagtaas ng presyo ng bilihin.

Kaibigan, naramdaman mo ba ang pagliit ng pera mo?? Hindi di ba??

Ayan ang dahilan ng maraming pagangal ng maraming tao na nagtaas ang bilihin..

Wag po natin sisihin ang eskwelahan na nagtataas sila ng tuition fee, palengke na nagtataas ang gulay, pamasahe sa jeepney... atbp.

Normal po iyon. yan ay sabay sa pag grow ng economy. Ang tanging tanung dito ay..

ANO ANG GINAGAWA MO PARA LABANAN ANG INFLATION??

Meron po kaming paraan.. matutulungan ko po kayo pano labanan itong inflation sa iba't ibang paraan. 

MESSAGE O CALL NYO PO AKO SA DETALYE SA BABA.

SALAMAT. cheers!

Bakit wag ka kukuha ng Insurance! Para sa iyo ito Kabayan!

Sobrang dami na nating mga Professional ngayon sa Singapore. 

Matagal man o bago, malaki ang sahod at sakto, marami pa din ang hindi kumuha ng Insurance sa maraming kadahilanan..

(1) Mawalan ng pambayad paglipas ng ilang taong paghuhulog. Totoo nga naman na hindi tayo panghabangbuhay sa ibang bansa. Kaya kailangan isipin ng wasto kung kaya ba ng cash flow itong bayaran, tama ba ang laki ng gastusin o hindi.

(2) hindi pwede magwithdraw ng pera pag kinakailangan. -depende sa Insurance na kinuha ito ng isang tao ito. Kaya kailangan makita mo ang nararapat na insurance para sayo.

(3) masyadong mahal ang bayad. -meron kasi sobra maningil hindi naman kayang isustain ang bayarin lalo na pag umuwi na sa pinas. Kaya ang iba natakot kasi alam nila mahirap panatilihin ang pagbabayad.

(4) Magsara ang Insurance Company. Madami kasi nawalan ng pera sa mga pre-need companies sa Pinas noon. Pero iba po ang Insurance companies sa mga pre need companies. 

(5) maSCAM. Hindi ito maiwasan kasi may mga tao pa din naloloko ng mga agents para sa benta at komisyon nila. Pero meron pa din namang mga kalidad at hindi mandurugas na ahente. Lahat sila pare parehas ang binebenta ngunit nagkakaiba sa serbisyo at intergridad sa pagbebenta ng insurance.

Ilan lang yan at marami pang ibang dahilan...
kaibigan, mag iingat ka sa pagbili ng insurance at wag basta basta magtiwala.

Pero, bakit nga ba kailangan natin ng Insurance?

Simple lang naman... KAIBIGAN at KABAYAN dugo at pawis sa ibang bansa ang pinuhunan mo para sa perang iyong naipon, sa mga yaman like bahay, condo, stocks, mutual funds, negosyo,kotse, edukasyon ng anak, suporta sa pamilya, atbp...

Masaya ako para sa iyo kaibigan. Ngunit naisip mo na ba kung ikaw ay:

(1) Naospital? 
(2) Naaksidente?
(3) Nagkasakit (Cancer/ heart attack/ stroke)
(4) nalumpo at mamatay??

San ka kukuha ng pera? Sa mga inipon mong yaman? Yung iba sa utang... At ano susunod?.... 
Kaibigan, kailangan mo ng Insurance kahit sino ka man. Isang magandang solusyon ito sa maraming bagay sa maliit na halaga. Pinaghirapan mo ang yaman mo para magkaroon ka at ang mga mahal mo sa buhay ng magandang buhay.. 

Bakit gagamitin mo lang pambayad ng Resibo na ibibigay sayo ng ospital???

Kapag nagkasakit ka?? nagsimula sa simpleng pitik ng sakit sa dibdib akala mo wala sabi ng doctor wala, pero ilang taong paglipas, ito pala ay isang sakit sa puso? 

Isa sa pinakamasakit na mangyari sa kabila ng mga tagumpay mo sa buhay ay ang mawala lahat ng pinaghirapan mo at mahirapan ang pamilya mo sa isang bagay na kaya mo solusyunan ngayon. 

Kaibigan, wag ka matakot sa Insurance dahil ito ang matinding sandata at kakampi mo sa panahon na kailangan mo ng pera dahil sa mga bagay na hindi inaasahan. 

Bibigyan ka nito ng garantisadong suportang Financial.

Bilang Financial Literacy Advocate,

Ako po ay naniniwala sa aking propesyon bilang Financial Services Consultant na humahawak ng daan daang pilipino at iba pang lahi ng kanilang Financial Portfolio.

Marami na din akong natulungang Pilipino sa kanilang:
(1) Gastos sa ospital at ito ay nabayaran. 
(2) Nakapagtabi ng kanilang pera para sa kanilang mga pangarap sa buhay
(3) Marami akong natulungan na isatama ang kanila portfolio sa cash flow, atbp.

Sa mga taong gusto malaman ano po kaya gawin ng Insurance sa kanilang buhay bilang OFW, pakibigay alam lang sa akin sa detalye sa baba. 

Salamat. GODBLESS!

IT'S TRUE: You can have Guaranteed Yearly Income for the rest of your life

Hello Fellow Readers,

Im a Filipino Financial Services Consultant of AIA for 3years now. I have been dealing with many different nationalities in Singapore and have clients from other parts of the world.

Many of us work very hard. We want our hard earned money to work for us where it can provide guarantees to our future. Most people wants guaranteed steady flow of income year after year.
Yet many struggle since they cannot take so much risks.

What if you can have a Savings Plan that will provide you with Guaranteed Income Payout year after year until you pass away(RIP)???

Not many people know about it since this savings plan is meant for legacy planning for rich people.

Now, what if it is available to you at a range where even normal employee can afford?

In AIA, we can provide you with such Savings Plan.

First, WHAT ARE THE BENEFITS?

(1) You will receive a guaranteed payout every year starting end of 10th year onwards until age 100.

(2) It provides you life Insurance cover for death

(3) It provides you dividends that is being declared every year by the company. (once declared it is considered Guaranteed money for you)

(4) Limited Saving of Premium yet guarantees lifetime until age 100 benefits

(5) Comes in SGD or USD Denomination

(6) Can add on benefits like Waiver of Premium

(7) Can add benefit like Critical Illness Lump Sum Cover

(8) Can provide Yearly payout for your children when you are no longer around up to your grandchildren. This plan will make a great memory that will last for 3 generations

This plan is a unique type of whole life where it provides many guarantees for the person who has this plan.

The Guaranteed Payout you will receive can be used for:

(1) Children Education (great contribution)
(2) Emergency Funding
(3) Funding your Yearly Treats ( Travels, events, charity, etc)
(4) Additional Retirement Income
(5) Children Guaranteed money yearly when you are no longer around
(6) Estate tax payment
(7) Many more depending on your lifestyle.

If you find this plan interesting, Please:

Message me in my Facebook Page: Filipino Save Invest Secure SG
Message or Call me : +65 8428 5361 / medzron@aia.com.sg

For more reference please see my attached name card.

Thank you very much. GOD Bless!

READ: Common Questions by Filipinos in SG

Hello Fellow Readers,

One of the most asked questions before and until now many are unsure.

Its a photo I saw online.

The answer to the above photo is a big YES!

IMPORTANT SIMPLE POINTS

POINT 1: Occupation

• Mostly all types of occupation are eligible to get insurance here in Singapore except for those who are working as Maids and Construction Workers. 

POINT 2: Pass Eligibility

• All work passes here can get insurance except for the 2 above occupations.
• For tourists holding passports are allowed to get Life and Health Insurance here. They can even get a Comprehensive International Insurance
• Many foreigners here buy health insurance for their parents and children for international cover.  

WHY INSURANCE?

Insurance is one of the best financial tool that protects all your hard earned wealth against your death, disability, critical illness and hospital bills.

(1) Death 

• You cannot see your future. We might die later, tomorrow or sooner before all our goals for ourself and family comes into fruition. 
• What will happen if we die early? Say for example you have an amortization and other unfinished debts? What do you think will happen? It will bring emotional and financial drain to your loved ones. You dont want that, do you?
• Once we die, our wealth will be taxed by BIR. We call it ESTATE TAX my friends. The first beneficiary of all hard earned wealth is BIR. Many hates paying tax. Many are avoiding it but be careful as there are legal and cheaper way around it. Well my friends, insurance is one of the best way to pay for estate taxes. 

(2) Disability

• What is your greatest asset? Your House? Your Business or company? Your car? .....My friends, your greatest asset is your self. it is because of your brain and body you can generate money. Disability Insurance can pay for your future and guarantees that your income is stable whatever happens to you.

(3) Critical Illness

• Oh... the one I hate the most.. My family experienced this unexpectedly and felt the emotional and financial drain. I assure you all, this is a big drain should happen to oneelf or any family member. How much is your monthly expense? If this happens, you multiply it 5X, 10X or more.. It will drain you and be ready to let go some of your hard earned wealth.
• CANCER, HEART ATTACK and STROKE (My father had this) are the 3 common critical illness out there that will slowly suck life out of any of us. Without any financial protection for this is really really very serious. Better have this in your portfolio big time. 1 out 5 got cancer. Ask yourself... It might be you, your neighbour, friends, family member??? Be ready.

(4) Hospital Bill Cover

• I made a blog last year of how much can a few stitches cost us here in Singapore. Many say, "I have company insurance." Before you throw those words better check your benefits first. Some company insurances are incomplete. There's always a limit. Better talk to your HR now!
• This is our number 1 line of defence against immediate financial drain. 

My Friends, many avoid Insurance... It is a must and should be one of top priority.

Many people say, "I do not have money to buy insurance." I always find these people funny. 

They can buy gadgets, go for holiday, eat expensive lunch and dinner and post it in Instagram and Facebook. Yet do not have a budget for one of the most important thing they can do for themselves and their love ones. 

Have you ever think that it the more reason you should get one for yourself?? If anything where to happen, where will you get the money??? You will borrow money?! Up to what extent and how much interest?! Where will you get the money to pay for it???? Ask yourself NOW!
 

'Insurance is good to have it when you don't need it than need it and you don't have it'

-Caroline Banks (Former President MDRT)

My name is Medz Ron Macasaet, Im a Financial Services Consultant handling many Filipinos and different nationalities in Singapore regarding their insurances and other financial matters like savings, investments, emergency funding and many more.

For more questions, please HIT LIKE and Message me privately in my Facebook page or on my details below.

Filipino Save Invest Secure SG

www.facebook.com/OFWConsultant

Thank you for the time reading my blog as a professional financial consultant. These are just some points.

GOD Bless everyone!