What does PHIC mean in HEALTHCARE
PHIC stands for Philippine Health Insurance Corporation, which is a Philippine government agency that administers health insurance programs. It was established by the Philippine Congress in 1995 and is a subsidiary of the Department of Health. The PHIC administers both employer-sponsored plans and managed care programs such as PhilHealth, which is a free health insurance program available to all Filipino citizens. The PHIC provides access to health services through its various insurance products, enabling people to get better care when they need it and pay for it. With its programs, the PHIC helps Filipinos save on medical expenses while providing them with quality healthcare coverage.
PHIC meaning in Healthcare in Medical
PHIC mostly used in an acronym Healthcare in Category Medical that means Philippine Health Insurance Commission
Shorthand: PHIC,
Full Form: Philippine Health Insurance Commission
For more information of "Philippine Health Insurance Commission", see the section below.
» Medical » Healthcare
What Does PHIC Stand For
PHIC stands for the Philippine Health Insurance Corporation, which is an agency responsible for managing health insurance plans in the Philippines. The corporation was created in 1995 by law of the Congress and is regulated by the Department of Health (DOH). The main objective of this agency is to provide access to healthcare services at affordable rates and ensure that people can receive proper care when needed without having to worry about their financial obligations. PHIC oversees various health plans including one for employees sponsored by employers called “PhilHealth” which covers the cost of hospitalization, outpatient treatment, laboratory tests and more from accredited facilities across the country.
What Is the Meaning of PHIC In Medical Context
The abbreviation “PHIC” stands for Philippine Health Insurance Corporation when used in terms related to medical or healthcare services in the Philippines. This organization was created in 1995 with an aim to provide access to quality health services at affordable rates through proper management and oversight of various kinds of health plans including PhilHealth – a free health insurance offered by employers covering hospitalization costs and other treatments provided at accredited facilities nationwide. Moreover, it ensures that Filipinos do not have to worry about their medical bills as they seek medical attention when needed due to illness or injury.
What Is the Full Form Of PHIC
The full form of PHIC isPhilippine Health Insurance Corporation, which is an autonomous government agency responsible for administering various types of health insurance policies throughout the Philippines. It was established through Act No 829 passed by Congress on December 13th 1995 with aims to improve access to quality healthcare services and protect Filipinos from suffering financial burden due to high cost of treatment resulting from disease or illness. The organization oversees different types of policies including employer-sponsored PhilHealth plan designed specifically cover hospitalization costs as well as other treatments such as laboratory tests at accredited facilities nationwide while ensuring affordability at same time.
Essential Questions and Answers on Philippine Health Insurance Commission in "MEDICAL»HEALTHCARE"
What is the Philippine Health Insurance Commission (PhilHealth)?
The Philippine Health Insurance Commission (PhilHealth) is a government agency tasked with providing health insurance to Filipinos. It was created in 1995 through Republic Act No. 7875 and it operates under the Department of Health. PhilHealth provides members with access to affordable healthcare services and encourages medical providers to provide quality services.
Who is eligible for PhilHealth coverage?
The eligibility requirements for PhilHealth coverage depend on an individual’s employment status, residential affiliation, age, and sometimes income. Most employed individuals are automatically enrolled as members, while self-employed individuals can voluntarily enroll themselves or their family members. Overseas Filipino Workers are also eligible for PhilHealth coverage.
How do I apply for membership in PhilHealth?
Enrolment into PhilHealth can be done online or through any local branch of the National Kidney and Transplant Institute (NKTI). Employed individuals must submit their Personal Identification Number (PIN) together with an Employment Eligibility Form which can be obtained from their employer or downloaded from the PhilHealth website. Self-employed individuals must present proof of identity and proof of income to enroll in PhilHealth.
How much does membership cost?
Depending on an individual's salary bracket, there is an associated premium rate that needs to be paid by employers or employees in order to maintain active membership in Philhealth. As of August 2019, employees earning less than 15,750 pesos per month have a monthly premium rate of 150 pesos while those earning more than 15,750 pesos pay a monthly premium rate of 250 pesos.
Is my family covered by my Philhealth membership?
Yes, all direct relatives who are listed as your dependent beneficiaries on your original application form are also covered under your existing membership plan provided that they meet the requirements set by the agency for eligibility purposes including residency status and age limit.
What benefits will I get as a member in Philhealth?
Members can avail themselves of various medical services such as hospitalization fees reimbursement/ compensation; outpatient benefit packages; maternity care packages; diagnostic tests & laboratory expenses; preventive health care packages; funeral assistance package; kidney & transplantblin package; and ambulatory surgical procedures among many others provided under certain limits and conditions set forth by the agency.
Are pre-existing conditions covered by my Philhealth plan?
Pre-existing conditions are not usually considered when applying for benefits from Philhealth but they may qualify you for certain types of assistance like financial aid programs administered by other institutions or financing options offered outside the scope of standard benefits provided by the agency.
When will I receive my reimbursement from Philhealth after availing a service?
Generally processing time takes around 30-45 working days depending on your type of claim form used during filing period and approval process may take up to 90 days before reimbursements will be released either via check or over-the-counter transactions at selected accredited bank partners.
Does joining a HMO make me ineligible for benefits from Philhealth?
No, joining a Health Maintenance Organization (HMO) does not automatically disqualify you from claiming benefits under your existing health insurance plan with Philippine Social Security System (SSS) nor will it affect your eligibility status with regards to claiming reimbursements/ compensations under this program.
Final Words:
PHIC stands for Philippine Health Insurance Corporation – an independent government body responsible for administering different types of health insurance programs throughout Philippines established via Act No 829 passed by Congress in 1995 with aims help Filipinos gain access quality healthcare services while not having worry about financial strain due high medical costs associated with disease or injury caused diseases or illnesses occurring naturally or otherwise . Furthermore, it ensures that Filipinos can receive proper care when needed thanks its comprehensive coverage from employer sponsored plans like PhilHealth which cover wide range expenses including hospitalization costs, laboratory tests , medications etc without them feeling pinch purse strings due them being able pay only fraction what these would cost if availing same service private provider .