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Retirement Planning: Why Did We Choose Maxicare for our Health Insurance

Disclaimer:  I am not affiliated with Maxicare Healthcare Corporation. The purpose of this article is to highlight the importance of health insurance for financial security and overall wellness and to explain why we chose Maxicare for our health insurance.

No one wants to get sick, but sometimes medical attention—like a doctor’s check-up or lab test—is necessary. Even if you lead a healthy lifestyle and have no family history of illness, you’re still at risk. However, having health insurance provides peace of mind, knowing you can access quality medical treatment when needed.

Benefits of Getting Health Insurance

Financial Security

Hospitalization can be extremely costly. Without sufficient funds, medical issues can lead to even more serious complications. By paying a few thousand pesos monthly or quarterly, you can cover hospitalization costs that might otherwise reach hundreds of thousands of pesos, depending on your insurance plan.

Peace of Mind

Health risks can arise unexpectedly. If not addressed promptly, they can lead to stress and worsen over time. Health insurance helps manage medical expenses, reducing your stress and allowing you to focus on recovery.

Managed Health

Many health insurance plans cover regular doctor consultations and laboratory tests. Taking advantage of these services can lead to early detection of serious illnesses, ensuring they are managed before they escalate.

Why Did We Choose Maxicare?

Selecting the right health insurance can be challenging, especially in your 50s. Premium costs are generally higher for older individuals, and many HMOs do not cover pre-existing conditions. Here are five reasons why we chose Maxicare:

Reliability

Maxicare is a pioneer in the health insurance sector, serving the public for over two decades. They have the largest network of accredited doctors and hospitals, ensuring your health card is widely accepted.

Hassle-Free Consultation/Admission

Obtaining a Letter of Authority (LOA) for consultations or admissions is straightforward. Just log in to your Maxicare online account, follow the instructions, and print the LOA.

Fast Reimbursement Procedure

In cases where you need to pay medical bills upfront, you can easily process reimbursements online. The automated system makes this quick and efficient.

Responsive Sales Agent

Having a friendly and attentive sales agent can make a big difference. We were fortunate to have a helpful representative guiding us through the process.

Affordable Premium Payments

Maxicare offers quarterly premium payments, which is more manageable compared to the semi-annual or annual payments required by many other insurance companies.

Final Thoughts

As we enjoy our retirement, it’s essential to prepare for our health needs. Many illnesses become apparent as we age, so planning for medical and hospitalization expenses is practical.

Having the right health insurance coverage can help ensure that our later years are happy, healthy, and worry-free.

Do you have health insurance? What has your experience been like using your health card? Feel free to share your story in the comments below!

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12 Comments

  1. Now I'm thinking that we should have this as well. Thanks for the tips.

  2. There's so much to consider! Thank you for all this great info!

  3. I am only 57 but have had a lot of medical issues that I would never have guessed when I was younger 🙂

  4. Nice write up. I think with this pandemic we need more options about health care. And this post help me learning about Mexicare.

  5. Health insurance is really something everyone needed much..indeed glad you shared such valuable information with us…great work though…

  6. Sounds like you really did you research and went with a company and plan you felt comfortable with – I don't have health insurance but I do have a life insurance for now

    Laura x

  7. Anonymous said…
    This is helpful! My mom and dad were constrained to retire because of the pandemic. We were talking about this and had since scouted for the right company. We'll give Maxicare a ring one of these days.

    Thanks, Sir!

  8. I heard about Maxicare insurance and I was offered that before when I was still working. Glad to know more about the product through this post. Thanks!

  9. Very important – and quite sensitive topic. I'm actually beginning to plan on how to deal with my pension and all the related topics although I still have a couple of years.

  10. very interesting and helpful. I wish we had that many option for medical care here

  11. It is such an important topic as one should know what kind of insurances are out there. Thanks for letting know about maxicare!

  12. This is a lifelong topic as now I heard more and more people around me are more alert about planning and actually be prepare for their retirement. Thanks for the insight and I think it will be helpful to a lot of people.

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