Self-Insuring in the Philippines: Age 64 to Age 80 #philippines #healthissuesphilippines

Affiliate Links: https://bit.ly/4prcroy https://christianfilipinadating.com/MichaelC This is a Philippines related video. The Philippines has so much to offer to foreigners and, Filipinos alike. This channel is designed to give anyone who's wanting more knowledge about the Philippines. #philippines #filipinas #traveltothephilippines #expats https://youtu.be/_Ez8pZCdtQI If you’re an American retiree living in the Philippines, there’s one financial risk you absolutely cannot ignore: healthcare. I’m 64 years old, and my biggest concern isn’t paying for a doctor’s visit. It’s what happens if I suddenly need major surgery, hospitalization, cancer treatment, or intensive care. My current health insurance covers clinic visits, but it doesn’t cover hospitalization. And while there’s been discussion about Medicare potentially covering Americans living in the Philippines, I don’t want to base my retirement plan on something that hasn’t been implemented. So I’m considering another option: self-insuring. But how much money would I actually need? Let’s look at the major health risks as we get older—from age 64 all the way to 80—and what those medical emergencies could potentially cost in the Philippines. At 64, some of the biggest concerns include heart disease, stroke, cancer, diabetes, high blood pressure, kidney disease and arthritis. And these aren’t minor expenses. A serious heart attack can potentially cost around one million pesos, while major cancer treatment can run into hundreds of thousands—or even millions—of pesos. As we move through our 60s and 70s, the risks of falls, broken hips, dementia, chronic disease and long-term care also increase. And here’s the important point: Healthcare in the Philippines may be much cheaper than healthcare in the United States—but that doesn’t mean major medical treatment is cheap. For an uninsured American expat, one serious illness could potentially wipe out years of retirement savings. That’s why I believe healthcare planning should be just as important as planning your rent, Social Security income, and monthly cost of living in the Philippines. Because when you’re 64, 70, or 80, you don’t want to be sitting in a Philippine hospital wondering how you’re going to pay the bill. You want to already have a plan. And for me, until adequate hospitalization coverage becomes available, that plan is self-insurance—and having enough money saved to protect my retirement. Welcome to my channel. The awesome thing about YouTube is that it’s 100 percent free. I never ask anyone for money but, if you like my videos & my channel, feel free to buy me a coffee by clicking or tapping the link below. https://www.youtube.com/redirect?event=channel_header&redir_token=QUFFLUhqbU90aTdCN3hubjlzcEVqWFJOY3FuS1ZXNEJwd3xBQ3Jtc0tsZ0RpN0tiRTRadDZRTmVlbndTLTNpeG44WmNBNFVBUDFmM3I3eVNuYUdVN0M5b2U1YVBuQ3kxSFNzaTdmZTJkSXFzNW9Lc1VxRnJvT200UlZjVnVyZkNpTUxtc0hWNlY1Z2tSZi1MQnV5MU5DS3Fubw&q=https%3A%2F%2Fbuymeacoffee.com%2Fmikeberg4i paypal.me https://www.paypal.com/myaccount/summary?intl=0 Patreon: https://patreon.com/Fil_AmMike?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink TikTok: https://www.youtube.com/redirect?event=channel_description&redir_token=QUFFLUhqbUwxV2xMX20zUWtuTWRGWWdWZEhVYTl1Yk9XQXxBQ3Jtc0tsZnJ4QmVTdU1BM3NRUEJjdGF3U2d2ZmQwUTlBeUxsT2tsV1AtYVJpc1B6QnNyQUhWX0pfQ1ExeFdnWjdDTWVjTmQydEd3N0JrUVdXd2FEWjEzLXVDMERDcUdoYThlcnJoRHpsZUtxaUhWaXdOdUxXbw&q=https%3A%2F%2Fwww.tiktok.com%2F%40a.retired.truck.d My channel’s email is https://www.phil_am_mike@yahoo.com My Instagram https://www.instagram.com/retru_expat My Facebook https://www.facebook.com/share/1LjJz2BLT3/?mibextid=ww 0:00 Intro. 1:14 Healthcare 3:21 Age 64 5:57 Age 65 6:52 Age 66 7:58 Age 67 8:47 Age 68 9:37 Age 69 10:23 Age 70 11:22 Age 71 12:15 Age 72 13:06 Age 73 13:43 Age 74 14:30 Age 75 15:10 Age 76 15:59 Age 77 16:41 Age 78 17:19 Age 79 17:47 Age 80