Tag Archives: Entrepreneurship

10 vital health insurance guidelines for entrepreneurs

The growing population of small-medium enterprise in the country needs to be covered by Health Insurace.  One of the most common issues and concerns of SME’s today is when they get sick for days, their business usually gets affected. Worst thing that may happen is if they are not covered by any Health maintenance organization or health insurance benefits when you get sick. The possible results are either you may spend a hefty amount of money for your sickness or experience bankruptcy if you don’t have any savings account during the rainy days.

There are plenty of ways on how to identify a really good health insurance that provides quality health care. Aside from the basic health care needs such as hospitalization and preventive healthcare services one must look for these 10 things.


  1. Legitimacy of the Company – The insurance commission is the primary organization that is responsible of taking care of the insurance industry. The commission is accountable of revoking the licenses of those companies who are not following the guidelines or misleading the public. It is for public safety and protection. They also share meaningful information regarding the details of each possible company you are dealing with. But remember to do your homework, have a keen check about the details of the company thru different websites, reviews from forums and final reminders. It doesn’t mean that if they got the lowest amount of premium payment means they are already best for you. Look for giant healthcare conglomerates who are partnering with them to check the quality of the service as well.


  1. Individual and Family Plan – It is somewhat alarming that there are family members who have no insurance to secure them and yet they are jobless or in the elderly stage of life.  Finding a package like that will not only  help you or your primary beneficiaries but will solve the issue of what will happen to your ageing parents if some emergency conditions occur. It will  also prevents you from taking a lot of burdens on the amount of money you will use .The benefits must have Hospital confinement, Outpatient care, preventive healthcare, emergency care, member’s financial assistance and sometimes dental care.


  1. Specified Benefits include – The inclusion of detailed benefits is really important to make sure that you will experience the total value of your money. The possible specific benefits are the following according to industry standards, for examples are regular annual physical examination, Urinalysis, Chest X-ray, Complete blood count, Fecalysis (Stool exam), once or twice a year Oral prophylaxis, and consultation with the primary care physician.


  1. Provisions regarding pre existing conditions – Most of the health maintenance organization are having “NO” PEC coverage such as illness or adverse medical condition prior to the sickness and within the twelve months from the time they enrolled to the program. Some HMO’s are requiring every members who have PEC such as disorders of skin, lymph glands, cysts, tumor or cancer, anemia, chest pain and diabetes to pay up to five thousand pesos and above per illness per year, provided that the pathogenesis or onset of such illness started prior to or during the first year of membership


  1. Locations of the hospitals – One of the major concerns of a person who would like to have health insurance are the locations of the accredited providers – it would be better if there’s close to 500- 1000 hospitals and clinics all over the country that’s affiliated with your health card in order for you to get an access to quality health care as well..

  1. Clinic Services – This is a must have since this is urgent to most of the Filipinos. These are the following Clinic services most popularly known and being offered in the market today. Dental services such as oral prophylaxis, tooth extractions, gum treatment & adjustment of dentures. X-ray imaging, ultrasound, hematology, clinical microscopy, blood chemistry, serology and histopathology. Issuance of outpatient consultation referrals is the biggest in demand today to avoid big payments in the hospitals.


  1. Outpatient Services – There should be clinics strategically located in key cities near you. This is an advantage just in case you experience family emergencies; it will save your energy, stress and money.


  1. Customer Service – We believe that customers deserve better treatment and love companies who exceed their expectations however, we cannot deny the fact that we love fast and smooth transactions. The customer service of every healthcare company should be above average and free from discrimination regardless of your plan. If you enroll to an HMO, have minimum requirements from them so you won’t be disappointed at a later time.


  1. VIP Plan – Nothing can ruin a perfectly-planned vacation or business trip if you are unprepared during medical emergency. It would be better if your card is enrolled in a VIP plan to secure your stay outside the country or going for a consultation and evaluation with their medical personnel, medical referrals and medical monitoring. Double check the plan especially if the premiums are way higher compare to a regular healthcare card. You can have executive check up and have more options compare to a regular one.
Company Benefit Limit Outpatient Benefit Pre-existing Condition Accidental Death Monthly Premiums
Medicard VIP Plan Suite 700,000 Yes Yes 20,000 5578.58
Medicard VIP Plan Large Private 450,000 Yes Yes 20,000 3811.08
Medicard VIP Plan 250,000 350,000 Yes Yes 20,000 2090
Maxicare Silver 60,000 Yes No 25,000 1199.17
Maxicare Platinum Plus 200,000 Yes No 25,000 3458.83
Maxicare Platinum 150,000 Yes No 25,000 1923.5
Insular Life iCARE C 150,000 Yes Yes No 2028.33
Insular Life iCARE B 120,000 Yes Yes No 1386.67
Insular Life iCARE A 100,000 Yes Yes No 1155
Fortune Care Plan 900 180,000 Yes No No 1123.83
Fortune Care Plan 800 160,000 Yes No No 1089.17
Fortune Care Plan 700 140,000 Yes No No 1054.5
Blue Cross Select Standard Plan – Ward 500,000 Yes No 25,000 504.25
Blue Cross Select Standard Plan – Suite 3,000,000 Yes No 100,000 2076
Blue Cross Select Standard Plan – Semi private 750,000 Yes No 50,000 828.08

Source https://www.bankbazaar.ph/insurance/health-insurance/hmo-philippines.html


  1. Perks – There are exclusive perks and discounts whenever you use your card, such as travel, dining, fashion and more. You may also have free services in Spas which includes diamond peel at different clinics, yoga classes, weight management and nutrition program. Try to ask or look for these things while shopping for your health insurance, this may not be one of your priorities but you cannot deny the benefits of a good perks.



David Isaiah Angway is a Registered Financial Planner,  Chartered Wealth Advisor and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured multiple times in ABS-CBN News Channel show called On the money, Bloomberg TV Philippines First Up, Morning show of NET 25 called Pambansang Almusal, Eagle Broadcasting Company EagleNewsPh Facebook Live and different radio stations in Metro Manila.


He also writes for BusinessMirror, Rappler.com, and MoneySense magazine.  He is the CEO and founder of WinLongTerm Financial Consultancy, You can contact him thru his website winlongterm.com and his Facebook Page @WinLongTerm for more informative ways how to grow your money and secure your family.


Leave a Comment

Filed under Finance Talk, Finance Tips

Poverty is not a hindrance in entrepreneurship.

Written by Adrian Pascual

For a developing country like the Philippines starting a business can be a big challenge. That is of course is an understatement. The need for capital to start a business is not the most important thing to have though. There are far more important things to possess than a stack of cash. Here are the top 7 most important things one must have before one enters into entrepreneurship.



 Be a dreamer.

“Dare to dream the impossible. The future belongs to those who believe in the beauty of their

dreams.” – Eleanor Roosevelt


One sure way to fail in life is to fail to see the big picture. Only through dreaming and dreaming big will you be able to have a clearer vision of the market and for you to plan for your company’s future.



Be a doer

Have the Nike attitude of just doing it. Don’t just dream. Hustle!

Only through acting on your dream will you know the true outcome of your idea. Test your assumptions and discover new things about your idea and about yourself. This is vital in your entrepreneurial journey. You grow not by the successes you will have but by the mistakes you commit.





Be passionate

Be committed on your goal. Have a laser like focus on your goal. To achieve it do the following:


Plan – thoughtfully your business and it will most likely succeed. This will help you know what needs to be done and what goals and milestones to achieve.


Execute – the idea and execute it fast. As the saying goes; not a single idea has never been thought of by another person. The measure of success is not on how good the idea is but on how it was executed.


Adjust – or pivot as many time as needed.


Kill it – good or leave it. Don’t just try. Give it your all.


You will commit many mistakes and you will go through many ups and downs as you progress in your pursuit of success. These are important moments in your journey as important as the milestones you will achieve. Be relentless in your actions and be in the PEAK of your game. Always.





Be a people person

Network, network, network.

The lifeblood of any business are the customers. But before you get to that point when you are selling your products or services you need to connect first with people. Be it for future business partnerships, marketing, sales or mentoring the need to connect with different people is vital on your growth as an entrepreneur and of your business.








Be disciplined. 

“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – Aristotle

Many entrepreneurs have the best business ideas but failed miserably because they can’t execute their plans or they can’t handle themselves in the middle of the journey. Mental toughness is key in entrepreneurship. The need to act on things must be tempered with a disciplined mind. You will encounter many problems, setbacks, opportunities and situations where you would need to choose which best action to take. Like choosing between: Saving vs. Spending or Expanding vs. Waiting. The ability to see things with a long term perspective in mind is something that one must develop over time.




Be hungry for knowledge.

Learning never stops.

Read as many books as you can. Watch documentaries. Enroll in short courses. Attend all seminars and conferences you can. Google as much as you can. Get a mentor to guide you.

Smiling human child hand listening deaf ear gossip

Smiling human child hand listening deaf ear gossip



Be a good listener

It is not about you. It is ALWAYS about your customers.

Build products that your customers need and will use or don’t build at all. Innovate based on the needs of your customers. Interview the right people and build your Minimum Viable Products through the gathered insights. This way you can save a lot from the process or not spend at all.


There are many ways to start a business without even having to shell out a capital. You can start a Consultancy Services company, Make something (like arts and crafts), Be Fashion & Beauty stylist, Babysitting services, Cleaning services or Sell old stuffs. Be creative in finding ways to start a business without having to spend much.

Sure, we need money to fuel the business. Heck to start it. But starting a business without the proper mindset and preparation is as bad as being broke. Poverty is not a hindrance but a challenge one has to overcome. A clear goal with the proper mindset and motivation are the vital tools one needs to succeed.




Adrian F. Pascual is the Director and Founder of AP Media Communications, a business development consultancy company aimed at helping MSMEs’ grow and reach their full potentials. A man who wears different hats, he uses his extensive years of experience in the fields of Financial planning and management, Customer Service and Fraud Prevention, Client Relations and Retention and Sales and Marketing to help build and expand different companies. His advocacy is to build an ecosystem of socially responsible startups in the Philippines that will address the different issues in the society using modern technology for maximum impact. He also does professional copy writing for some of the top international news,business and lifestyle online publications.


Filed under Behavioral Finance, Guest Post