Through the partnership of PhilHealthCare Inc. (PhilCare), Madanes Group and Jardine Lloyd Thompson (JLT) Group, a new product will be launched which greatly benefit OFWs.
The insurance product is called Bayani Family Care (BFC) which aims at helping address the health and hospitalization of OFWs as well as their families.
“We have a lot of our countrymen outside of the Philippines who are working hard, sending money to educate their children and put food on their tables,” says Raul Tan, President, and CEO of JLT Philippines.
As stated by Ohad Madanes of the Madanes Group, three companies came together to come up with a product that will benefit OFWs, especially against hospitalization and illnesses.
Philip Samson, CEO, and head of JLT further explained that BFC will empower OFWs and ensure that their financial security will never be compromised by any illnesses.
“Right now in the Philippines, there is only about four percent of the population covered by HMO. The need arises – a lot of people are getting hospitalized. Fifty-eight percent of the money remittance coming here is actually for hospitalization, and it is sad because their dreams could all go down because of one simple illness,” says Jaeger Tanco, PhilCare president, and CEO.
Emergency room care, as well as confinement, are covered by BFC. Additionally, scheduled hospitalization for any viral and bacterial diseases and treatments for injuries will all be covered by this insurance program.
The insurance plan will cover up to P60,000 per year for scheduled and emergency hospitalization. There’s also an optional unlimited medical consultation with cardiologists, outpatient care, endocrinologist, pediatricians and a lot more.
The cost BFC is only P4,350/person which will be valid for a year.
BFC also do not require any hospital deposits, medical examinations, and agents. Upon claiming their benefits, they only have to show their BFC electronic voucher to all PhilCare accredited hospitals.
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