The cost of AXA health insurance in the Philippines varies depending on the specific plan you choose, your age, and other factors. However, AXA offers a variety of affordable health insurance plans, starting as low as P535 per month.
Understanding AXA Health Insurance
AXA Philippines is a joint venture between the AXA Group, a global leader in insurance and asset management, and the Metrobank Group, one of the largest financial conglomerates in the Philippines. AXA Philippines offers a wide range of life and health insurance products, as well as investment and savings solutions, to help customers achieve their financial goals and protect their health and well-being.
Types of Plans Available
AXA Philippines has four main types of health insurance plans: Global Health Access, Health Care Access, Health Max, and Health Start. Each plan has different features and benefits, depending on the level of coverage and protection that the customer needs.
- Global Health Access is a best-in-class international health insurance plan that provides up to P175 million coverage for a wide range of medical conditions, from common to life-threatening illnesses. This plan is ideal for customers who want to have access to the best medical facilities and services around the world, as well as in the Philippines.
- Health Care Access is a comprehensive and affordable health care plan that provides coverage for diagnosis, prevention, hospitalization, and treatment of various illnesses and injuries. This plan is suitable for customers who want to have complete healthcare coverage for themselves and their families, even beyond retirement.
- Health Max is a comprehensive critical illness plan that provides up to P10 million coverage for 56 major and 18 minor critical illnesses, such as cancer, stroke, and heart attack. This plan is designed for customers who want to be financially prepared for the unexpected costs of critical illnesses, until age 100.
- Health Start is a starter critical illness plan that provides coverage for the top three critical illnesses: cancer, stroke, and heart attack. This plan is perfect for customers who want to have basic protection for themselves and their loved ones, at an affordable price.
Coverage Options
AXA Philippines’ health insurance plans vary by yearly benefit maximum, deductible, co-insurance percentage, and coverage region. The plan’s annual benefit limit is the most it will pay for approved medical expenditures. The consumer pays the deductible before the plan covers the rest. The consumer pays a portion of the plan’s remaining expenditures as co-insurance. The plan’s coverage area is geographically defined.
The Global Health Access plan offers five-year benefits from P50 million to P175 million. Your deductible might be P0, P100,000, or P250,000. Co-insurance might be 0%, 10%, or 20%. Asia Pacific or global, except the USA, may be covered.
Health Care Access offers five yearly benefits from P500,000 to P5 million. Your deductible might be P0, P10,000, P20,000, or P50,000. Co-insurance might be 0%, 10%, or 20%. Coverage is national.
Health Max offers six yearly benefits from P1 million to P10 million. P0 is deductible. Co-insurance is 0%. The coverage is global.
The Health Start plan offers three yearly benefits from P500,000 to P1.5 million. P0 is deductible. Co-insurance is 0%. The coverage is global.
Benefits and Add-Ons
Each health insurance plan from AXA Philippines also has different benefits and add-ons, depending on the type of plan, the coverage option, and the customer’s preference. Some of the benefits and add-ons that are available include:
- Longevity Health Fund. This is a lump sum amount that the customer will receive at age 76 onwards, to help cover future medical needs. This benefit is available for the Health Care Access and Health Max plans.
- Family Plan with Premium Reduction. This is a feature that allows the customer to enroll another family member in the same or lower plan and get a 10% reduction from the premium. This benefit is available for the Health Care Access and Health Start plans.
- Mental Health Counseling. This is a service that provides access to mental health counseling from licensed psychologists through AXA Philippines’ partner, Mind You. This benefit is available for all health insurance plans.
- 24/7 Teleconsultation. This is a service that provides free 24/7 medical teleconsultations via MyPocketDoctor, an online platform that connects customers to doctors anytime, anywhere. This benefit is available for all health insurance plans.
- Coverage for Pandemic Diseases. This is a feature that covers hospitalization, prescribed tests, and complications arising from vaccinations for pandemic diseases, such as COVID-19. This benefit is available for all health insurance plans.
- Women-Specific Illnesses. This is a feature that covers the diagnosis and prevention of women-specific illnesses, such as breast cancer, cervical cancer, and ovarian cancer. This benefit is available for the Health Care Access plan.
Factors That Affect the Cost of Health Insurance
The cost of health insurance from AXA Philippines depends on various factors, such as the age and health history of the customer, the location and coverage area of the plan, and the payment frequency of the premium.
Age and Health History
Health insurance costs depend on the customer’s age and health history, which imply risk and claim probability. Since older and sicker customers are more likely to have medical issues, their premiums will be higher. The younger and healthier the consumer, the cheaper the premium since they have less medical bills.
According to the AXA Philippines website, a 25-year-old guy who picks the Health Care Access plan with P1 million annual benefit, P0 deductible, 0% co-insurance, and countrywide coverage pays P2,520 per month. However, a 55-year-old guy with the same plan pays P8,720 per month. This illustrates that consumer age significantly affects health insurance costs.
Health insurance costs also depend on the customer’s previous and present medical problems and treatments. More health difficulties and complications mean higher premiums since customers are more likely to have medical bills. Since customers with fewer health difficulties and complications are less likely to incur medical bills, their premiums will be cheaper.
A 35-year-old female who picks the Health Max plan with P5 million annual benefit, P0 deductible, 0% co-insurance, and international coverage pays P3,750 per month, according to the AXA Philippines website. For customers with pre-existing conditions like diabetes, hypertension, or asthma, the monthly premium may rise by 25%, 50%, or 100%, depending on severity. This reveals that consumer health history significantly affects health insurance costs.
Location and Coverage Area
The location and coverage area of the plan are also important factors that affect the cost of health insurance, as they determine the scope and accessibility of the medical services and facilities that the customer can avail of. Generally, the wider and more international the coverage area is, the higher the premium will be, as the customer can access more medical options and higher quality of care. Conversely, the narrower and more local the coverage area is, the lower the premium will be, as the customer can access fewer medical options and lower quality of care.
For example, according to the AXA Philippines website, the monthly premium for a 45-year-old female who chooses the Global Health Access plan with P50 million annual benefit, P0 deductible, 0% co-insurance, and worldwide coverage is P13,500. However, the monthly premium for the same customer who chooses the same plan but with worldwide excluding USA coverage is P9,000. This shows that the location and coverage area of the plan have a significant impact on the cost of health insurance.
Payment Frequency
The payment frequency of the premium is another factor that affects the cost of health insurance, as it indicates the convenience and flexibility of the payment method that the customer prefers. Generally, the more frequent the payment is, the higher the premium will be, as the customer can enjoy more benefits and discounts. Conversely, the less frequent the payment is, the lower the premium will be, as the customer can save more money and avoid interest charges.
For example, according to the AXA Philippines website, the annual premium for a 30-year-old male who chooses the Health Start plan with P1 million annual benefit, P0 deductible, 0% co-insurance, and worldwide coverage is P9,000. However, the monthly premium for the same customer who chooses the same plan is P810. This shows that the payment frequency of the premium has a significant impact on the cost of health insurance.
Comparing Prices and Finding the Right Plan
Comparing prices and finding the right plan for health insurance from AXA Philippines is not difficult, as there are various tools and resources that the customer can use to make an informed decision. Some of the tools and resources that are available include:
Online Tools and Calculators
These are web-based applications that allow the customer to input their personal details, such as age, gender, health history, and preferred plan, and get an instant quote of the premium and the benefits. The customer can also compare different plans and coverage options, and customize their plan according to their needs and budget. Some of the online tools and calculators that are available are:
- AXA Health Insurance Calculator: This is a tool that helps the customer estimate the cost of health insurance from AXA Philippines, based on their age, gender, and preferred plan. The customer can also adjust the deductible, co-insurance, and coverage area to see how they affect the premium.
- AXA Health Insurance Comparison Tool: This is a tool that helps the customer compare the features and benefits of different health insurance plans from AXA Philippines, such as Global Health Access, Health Care Access, Health Max, and Health Start. The customer can also see the annual benefit limit, the deductible amount, the co-insurance percentage, and the coverage area of each plan.
- AXA Health Insurance Plan Selector: This is a tool that helps the customer find the right health insurance plan from AXA Philippines, based on their needs and preferences. The customer can answer a few questions about their health goals, lifestyle, budget, and family situation, and get a personalized recommendation of the best plan for them.
Consultation with an AXA Representative
This is a service that allows the customer to talk to an AXA representative, either online, over the phone, or in person, and get professional advice and guidance on choosing the right health insurance plan. The customer can also ask questions, clarify doubts, and request for more information about the plans and the benefits. Some of the ways to contact an AXA representative are:
- AXA Online Chat: This is a service that allows the customer to chat with an AXA representative online, through the AXA Philippines website. The customer can access this service by clicking on the “Chat with us” button on the bottom right corner of the website, and typing their message in the chat box.
- AXA Hotline: This is a service that allows the customer to call an AXA representative over the phone, through the AXA Philippines hotline number. The customer can access this service by dialing (02) 8 5815-292 or 1-800-10-AXA-292 (toll-free), and following the voice prompts.
- AXA Branches: This is a service that allows the customer to visit an AXA representative in person, through the AXA Philippines branches. The customer can access this service by locating the nearest branch on the AXA Philippines website and scheduling an appointment.
