According to the latest press release by the Philippine Statistics Authority (PSA), the current health expenditure (CHE) in 2022 had reached Php1.12 trillion. In healthcare terms, current health expenditure (CHE) is the total sum of money that a country spends to keep everyone healthy. It includes contributions from the government (PhilHealth), insurance companies (health insurance and HMOs), and what individuals […]
Read moreIn 2021, the Current Health Expenditure (CHE) in the Philippines rose to PHP 1.09 trillion, 18.5% higher than in 2020, based on the Philippine Statistics Authority (PSA). The CHE is the total amount spent by the government, HMO providers, insurance companies, and out-of-pocket (OOP) for health care. Ton SuanTon is an electronics engineer, financial blogger, insurance agent, and a certified […]
Read moreUpdated: May 19, 2021 In 2019, the Current Health Expenditure (CHE) in the Philippines rose to Php792.6 billion based to the Philippine Statistics Authority (PSA). CHE is the total amount spent by the government, HMO providers, insurance companies, and out-of-pocket (OOP) shouldered by Filipinos for health care. And 47.9% of which is from the individual pockets of Filipinos. As a […]
Read moreTerm insurance is one of the best options for those who want protection but has a limited budget. It comes with a cheaper price tag because it only offers life insurance protection without cash value or fund value. Thus, term insurance can provide you with maximum protection for a minimal cost. Ton SuanTon is an electronics engineer, financial blogger, insurance […]
Read moreBuy term invest the difference, or BTID is now making rounds on the social media platforms. Many financial experts, as they call themselves, endorse the idea of doing the strategy with a promise of higher returns. But can it keep its promise? Often these so-called experts will only highlight the good and neglect the bad when trying to win your […]
Read moreGood news! The Insurance Commission (IC) has released the top 10 life insurance companies in the Philippines in 2018. Among the 5 categories, only one of them is widely used worldwide—premium income. Ton SuanTon is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business […]
Read moreThe last stage of financial pyramid is wealth distribution or otherwise known as the leaving a legacy stage. This is the most crucial stage in the financial pyramid as this will determine how much of your wealth, the fruits of your hard work, will be transferred to your heirs efficiently. This is where estate planning plays an important role. Your […]
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