Theme: Kaiser International and Kaiser Medical Center
Hashtags: #KaiserInternational #KaiserMedical #KaiserCebu #HealthCare #LifeInsurance #KMCISmCity #KMCIcaringforeveryone
Based on the statistics data, Filipinos nowadays are increasingly saving for the future and that we are now getting educated on the different ways and forms of investing. Though, only a small percentage of the entire Philippine population or less than 5% are into investing in stocks, mutual funds, bonds, real estate, health care and insurances. At least, it has improved from 1% in the past decade. Thanks to various financial institutions and organizations that offer knowledge and training on financial education.
So, what's the purpose of this blog post? I will be sharing with you my personal experience in getting myself financially educated and what really work or shall we say a living proof of investing.
Pointers that will be discussed below:
-Where to get Financial Education
-How to start investing and earning passive income
-Long-Term Health Care, Life Insurance and Personal Pension (3 n 1)
-Death claims and benefits when my father died
-Kaiser Medical Center locations and services
-Other ways of investing.
Financial Education through IMG Cebu (International Marketing Group)
My dad has been a member of International Marketing Group (IMG) in Cebu then, Aegon life since 2000. It is the financial institution that introduced our family into passive income, different ways to invest, health care and insurances. At that time, I'm still in 4th year High School in Dumaguete City.
IMG is the licensed broker for various financial products and services. It is a SEC-registered company in the Philippines and is also the only official broker of the international health care provider, Kaiser International Healthgroup Inc. (one of their major products).
Check them online here: https://1020if.imgcorp.com/ or visit them at JY Square in Lahug or PM me for inquiries.
When it's my time to work and get a job. Part of my adulting stint. I moved to Cebu in 2008 and worked as a call center agent. In 2009, I went to the IMG office in JY Square Lahug, attended the membership seminar and participated in a number of financial workshops during my free time. And so I learned about a lot of ways to earn passive income, invest and save for the future. It is definitely a wise decision I took. I realized it now (2018).
Stock Market Investing, Mutual Funds, Bonds, and Insurances
Since I have access to a lot of financial education instruments through IMG, I was curios to try every possible ways so I could maximize my income and earn passively, save for the future or for my "personal" retirement or pension, life insurance and health care for myself and my family.
Stock Market Investing
I initially seek consultation from Financial advisers/partners in IMG teaching me with the system with Philippine Stock Market. I've been investing in the Philippine stock market for years, almost a decade now. Do let me know if you want me to coach you.
I do self study through http://www.pse.com.ph/stockMarket/home.html
For my broker I have COL Financial: https://www.colfinancial.com/ape/Final2/home/new_to_investing.asp
Thanks to youtube, there are a lot of video tutorials about investing in the stock market with the different brokers. I personally would suggest getting COL Financial. I've been using it since 2009. Again, I can personally teach you on how to start with.
In my case, I started with Php 20K as an initial capital in 2009. After I submitted all necessary requirements in opening an account at COL Financial: https://www.colfinancial.com/ape/Final2/home/open_an_account.asp. I am now able to buy shares of stocks from known companies.
I got shares of stocks with BDO, SMPH, MEG, JOH, JFC and TEL. I would highly recommend to invest first on blue chips stocks especially for beginners. Pls. refer to the MOST Active (meaning most traded stocks in PSE): http://www.pse.com.ph/stockMarket/marketInfo-marketActivity.html?tab=2
As they say, don't put your 'eggs' in one basket. Diversify. So that's what I did, I buy shares in various companies in different industries. Of course, Php 20K is not enough. I ended up putting more money, investing it. I can't give you an exact amount but it is definitely more than Php 500k for period 2009 to now. With stock investing, you can gain up to 100% or 200% or even more out from what you invested.
I would suggest, to think of LONG TERM (10 to more years or forever) rather than short term (days, weeks or less than 1 year). You will not rip the benefits of investing if your mindset is short term. Take that as a personal advice from an experienced Stock investor and trader for years.
One basic rule to remember, Buy LOW, Sell HIGH. It is very common sense that you don't want to sell your shares if you are not profiting from it.
Another way to earn passive money from stock investing is through DIVIDENDS. There are times, companies would declare dividends or excess in their funds to shareholders. It could be either a cash dividend or in a form of stock dividends (issuance of additional shares to your account).
My personal view, since I'm a long term investor, I'm buying more shares from the companies I've invested in whenever I have funds. I make sure I consider the lowest market value of the shares as of that time during trading hours. What I'm after is really to have more shares of stocks. As long as I can see "profit" on my portfolio, I'm good.
Mutual Funds and Bonds
If you are interested on stock market investing but still not sure on how to manage it or is afraid, you may try investing in mutual funds. The difference between investing in stocks and mutual funds is that there is an assigned Fund Manager in mutual fund. The Fund Manager is an experienced financial analyst and investor too.
The investors contribute money and that's the money the fund manager will use to invest it too on different financial market and investment.
Investors could be any individual, companies, organization, banks, etc. that will pool their money and have the Fund manager to take charge of investing it.
I personally got accounts on the different mutual fund companies like FAMI, Phil Equity, Soldivo, PAMI Bond Fund.
For FAMI: https://fami.com.ph/
For Phil Equity: https://www.philequity.net/
For Soldivo: https://rampver.com/offer/soldivo-funds/
For PAMI: https://www.philamfunds.com/en/our-products/bond/philam-bond-fund.html.html
The Fund Manager is responsible in investing the money he got from the investors into stocks, real estate, bonds, insurances, various industries like mining, medical, construction, etc. and make sure, it will gain interest to benefit the investors.
Just an overview with my mutual fund investments:
FAMI (Save & Learn Equity Fund)
As of 2009 is around Php 1.5/share
As of 2018 is around Php 5.5/share
If you invested Php 10000 in 2009, your money by now (2018) is Php 36,666.
Profit is around Php 26,666.
Phil Equity (Equity Fund)
As of 2009 is around Php 10.00/share
As of 2018 is around Php 38.00/share
If you invested Php 10000 in 2009, your money by now (2018) is Php 38,000.
Profit is around Php 28,000.
Soldivo (Strategic Growth Fund)
As of 2014 is around Php 0.50/share
As of 2018 is around Php 0.88/share
If you invested Php 10,000 in 2014, your money by now (2018) is Php 17,600.
Profit is around Php 7,600.
So there you go guys, that's just a basic sample computation of how your money grows through the years if you have at least invested it in mutual funds.
Kaiser International HealthGroup Inc.
When I resigned from my job in the BPO industry as a call center agent, my short term HMO which is Maxicare also ended. So, I have to secure myself my own personal healthcare for my future as well as for my aging parents.
Good thing, IMG's no. 1 product is Kaiser International Healthgroup Inc. It is a health care provider that individuals, companies or group can get. It has a long-term health care that addresses individuals after their employment or retirement years.
Today, in 2018, I realized the value of being a plan holder when my father died just this month in August. Kaiser International has been a big help paying our hospital bills along with other discount privileges from Phil Health and Senior Citizen. My dad is 65 years when he's gone. Of course, during his hospitalization, the transaction is VERY SMOOTH since we are Kaiser International plan holders.
How did I get it?
Since I'm a member of IMG, I also availed their product, Kaiser International. It was in 2009 and the plan that time is the Kaiser Health Builder 5 years. It means, I have to save for 5 years for the plan. It was the old product. At present, the most updated plan is the Ultimate Kaiser Health Builder 7 years. It means, I have 7 years to pay for the plan I chose and wait until the 20th year for its maturity. In simple explanation, I have 7 years to pay or save or accumulate funds for my chosen plan. On the 8th year until the 20th year is called the Extended Benefit period where there is a 10% annual benefit from the amount in my plan. And on the 20th year, it's the maturity date where I can encash the long-term benefit bonus (if applicable) and when my investments starts to earn 10% and dividends too!
I secured the form at the IMG office in Lahug, Cebu city at JY Square. Let me know you need my help so I can assist you.
To learn more about how this KAISER PLAN works, pls. refer to this video:
I got myself and my dad a Kaiser Plan in 2009 (old product, 5 years) and in 2014, we successfully paid it in full. Will need to wait until 2024 or 10 years when our plan starts to mature with a guaranteed 10% interest per year based on our plan amount. I also got my mom just recently her Kaiser Plan. It is now the new product which is 7 years. We only have 2 years left already before we finally have it fully paid.
As an example:
My father's plan is K-55. It means, Php 55,000 plan. That will earn 10% annually starting in 2024.
During the accumulation or saving period (2009 to 2014), my dad and I has some benefits like dental cleaning; Annual Executive check up; in case of hospitalization, a room board limit of Php 600; Life insurance coverage; accidental death and disability coverage. Pls refer to the video above for complete list of benefits.
Since, my dad was not able to use Kaiser service during accumulation period (2009 to 2014) because he was overall healthy, the total amount that we saved for 5 years, will be returned to us as a bonus on the 10th year or in 2024 and we can decide to encash the whole amount of the bonus or leave a portion of it to also earn an interest too.
Death Claim and benefits with Kaiser International Plan Holders
Unfortunately, my dad died in August 2018 or 4 years after he fully paid his plan. This is what they call Extended Benefit period (2015 to 2024). This is the period when you are finish paying the plan until it's maturity date.
Going back to my example above. His K-55 plan started earning 10% in 2015. By 2018, he has accumulated around Php 33,500 during this Extended benefit period. The accumulated amount was automatically deducted from his hospitalization bill along with other deductions from Phil Health and Seniors.
Since I'm the beneficiary of my dad's Kaiser Plan K-55. All remaining cash fund and other benefits upon maturity will be transferred under my account. I also have my own Kaiser account so that now left me with 2 Kaiser plans. I also plan to get the new product which is 7 years just like my mom. I will definitely have 3 in the future. Or Kaiser will not limit you on how many accounts or plans you will get for yourself.
For the Death claim with Kaiser International, I have to secure the form at IMG office in JY Square Lahug, Cebu which is the official broker of Kaiser International.
The requirements are:
1. Certificate of Attending Physician (form is with IMG)
2. Certificate of Claimant (form is with IMG)
3. Death Certificate - original or certified true copy
4. Birth Certificate of the plan holder -original or certified true copy
5. Marriage Contract (if applicable) - if the claimant is the spouse, original or certified true copy
6. Birth Certificate of the Claimant - if the claimant is the children, original or certified true copy
7. Complete Medical Records from any hospitals/clinics that the plan holder consulted prior to his/her death.
For Accidental death:
1. Police report
2. Autopsy report
Fro Disability claim:
1. Attending Physician's Statement of Disability (form is with IMG)
2. Plan holder's Statement of Disability (form is with IMG)
3. Complete Medical Records from any hospitals/clinics that the plan holder consulted.
The Death claim is equivalent to the amount of the plan. In my dad's case, it is Php 55,000.
Below is a docu-video when getting the Death Claim at Kaiser's office in Lahug, Cebu City:
Kaiser Medical Center Clinic & Diagnostics
It is now OPEN and SERVING to the PUBLIC!!!
Anyone can now walk-in at SM City Cebu or SM Seaside and avail the services offered at the center.
For members and plan holders of Kaiser International in Cebu, there may be discounts and other perks that can be availed at the Kaiser Medical Clinic.
Everyone will now have the convenience and accessibility to Kaiser's services as it opens their Diagnostic Laboratory and clinic in SM City Cebu. Please see video below:
What are the services offered in Kaiser Medical Center?
• CBC w/ platelet
• Blood typing w/ Rh
• Pregnancy test
• Total Cholesterol
• Pelvic (Pregnant)
• Pelvic (Non-Pregnant)
• Whole Abdomen
• General X-Ray procedures
• Chest PA
• Chest APICO
• Chest PA & Lateral Adult
• Chest AP/Lateral Pedia
• Ankle (AP/Lateral/Oblique)
• Cervical Spine (AP/Lateral)
• Cervico Thoracic
• Elbow (AP/Lateral)
• Hand (AP/Lateral)
• Femur/Thigh (AP/Lateral)
• Finger (AP/Lateral)
• Foot (AP/Lateral/Oblique)
• Treadmill Stress Test
Locations in Cebu:
a. 2nd floor (236-237), SM City Cebu, Mabolo, Cebu
b. Unit 0242 - 0246, Lower Ground Floor, SM Seaside City, Cebu
c. MDC Building, 2nd St., Corners Staffhouse, MEZ 1, Lapu-Lapu City.
Visit and LIKE their official FACEBOOK PAGE: https://www.facebook.com/KaiserMedOfficial/
When visiting the Kaiser Medical Center, you can avail these services as well:
CONSULTATION AND PREVENTIVE CARE
EXECUTIVE AND FAMILY CARE
PRE-EMPLOYMENT MEDICAL EXAMINATION
ANNUAL PHYSICAL EXAMINATION
Other Ways of Investing
Investing in real estate is one form of investment or earning passive income. You may get a condo or a subdivision on a rent-to-own scheme. You may use PAGIBIG housing loan or Bank loan to pay for the balance of the equity. If you don't plan of living in the new unit, you can have it rented out and earn a passive income out from it.
Buying lots or piece of land. As time goes by, the value of these properties will appreciate. It's definitely a wise investment too!
Invest in pieces of jewelry or gold. When there will be currency fluctuations, gold can be use as a form of currency. You can also pawn it and get instant cash during emergency.
How can you connect with me?
Facebook Page: https://www.facebook.com/hersheykissesme/
Sealed with a kiss,