Reports from the Philippine Statistics Authority highlight the increasing out-of-pocket health spending despite healthcare financing schemes, emphasizing the need for comprehensive financial planning. Healthcare costs are skyrocketing, especially in private hospitals. A single emergency or surgery can easily exceed ₱100,000, while treatments for critical conditions such as cancer or heart disease often cost over ₱500,000. Complex cases requiring extended hospital stays can push bills into the millions.

A quick review of the 2024 rates in top hospitals like St. Luke’s and Makati Medical Center confirms the abovementioned costs. Emergency care for conditions like ischemic stroke can cost between PHP150,000 to PHP255,000, while chemotherapy can run from ₱10,000 to ₱120,000 per cycle. Diagnostic tests and medications can also add tens of thousands to the final hospital bill.

The financial burden of these expenses is staggering, and it’s clear that preparing at least ₱500,000 to ₱1,000,000 for possible health emergencies is no longer optional—it’s a necessity. Without this safety net, families risk depleting savings or going into debt just to afford quality care.

Managing Medical Costs With A Superior Partner
An emergency fund may cover minor medical needs, but it often falls short of serious health issues. This is where an extensive critical illness plan becomes essential. It provides financial security, allowing you to focus on recovery rather than worrying about mounting medical bills.

For instance, AXA Health Max Elite offers coverage designed to provide financial protection against the rising costs of healthcare. This plan covers over 150 conditions, including critical illnesses like cancer, stroke, and heart attack.

What sets AXA Health Max Elite apart is its ability to cover up to nine (9) times claims or equal to 400% of the plan coverage for major and minor illnesses from pre-early to post-stage, non-listed conditions including ICU confinement or severe surgical procedures resulting from serious and unexpected health crises and select mental health conditions. This is crucial, especially for recurring or multiple conditions, which are often faced by cancer patients who need numerous treatment cycles. For example, studies show high recurrence rates for conditions like thyroid and colorectal cancer among Filipino patients. With AXA’s extended coverage, you’re prepared against possible financial strain long after the first diagnosis.

Only the best for the best    
Health crises can strike unexpectedly, threatening not only your well-being but also your financial stability. In a country where family is everything, getting the best health care for you and your loved ones, especially during the most critical times, is vital. AXA Health Max Elite is a superior partner that safeguards your health, your savings, and your family’s future, allowing you to focus on what truly matters—your recovery.

Don’t wait for a serious illness to hold you back from living your best life—take control of your health and financial security today with AXA Health Max Elite. Visit the AXA Philippines website or reach out to an AXA financial partner today.