Connect with us

Hi, what are you looking for?


Only 2% of PHL businesses provide health coverage to employees, says


Only around 2% of Philippine businesses, mostly large ones, offer healthcare coverage to their employees, according to multichannel insurance platform

“So many MSMEs (micro, small, and medium enterprises) and Filipinos are trying to get health coverage,” Chief Executive Officer Hamilton Angluben said in an e-mailed statement on Monday. 

“They are challenged with the affordability of plans, rigidity of requirements, and the cash burden of upfront fees,” he added.

According to the Insurance Commission, there were only 20,248 enterprises that provided healthcare coverage to their employees as of 2021. There were more than 1.08 million establishments in the country that year, according to the local statistics agency. 

“Startups and MSMEs usually pay more for healthcare plans given their low employee count and lack of utilization history,” noted.

“Health insurance providers are also challenged to manually serve thousands of these smaller companies resulting in higher costs and slower turnaround times. Such challenges are amplified for individuals.” has introduced monthly healthcare subscriptions for Filipinos without healthcare coverage, targeting MSMEs and unserved individuals such as freelancers, dependents, and solo entrepreneurs. 

Underwritten by insurance company Etiqa, KwikCare Health Subscriptions are renewed monthly without lock-in periods and cash-outs in its accredited clinics and hospitals in the country.

Provisions include free access to check-ups, in-patient and out-patient care, and emergency hospitalization.

Prices start at P995 per month with a maximum benefit limit per illness of P50,000 up to P150,000. 

“[We] will introduce more inclusive variants in the coming months,” Mr. Angluben noted. — Miguel Hanz L. Antivola

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



The rapid advancement of digital technologies has gained momentum to a degree that it transformed almost every aspect of modern life. From enhanced and...


Massive construction activities that are ongoing and upcoming across Eastern, Central, and Western Visayas are further driving demand in the region’s construction industry this...


Amidst the picturesque Dole pineapple plantation, SATNET powered by Kacific bridges the connectivity gap. Have you ever wondered how a leading, remote food processing...


US dollar banknotes are seen in this illustration taken July 17, 2022. — REUTERS By Keisha B. Ta-asan, Reporter PHILIPPINE DOLLAR reserves slipped at...


PHILIPPINE STAR/MICHAEL VARCAS By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINE ECONOMY is likely to grow by 6% this year amid strong domestic...


By Kyle Aristophere T. Atienza, Reporter ECONOMISTS are worried about the alleged failure of Philippine lawmakers to take into account the health of state-owned...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.