AIA Philippines-acquired MediCard seeks to bridge the healthcare gap

HEALTH HAS become a bigger focus among 87% of Filipinos since the COVID-19 pandemic, based on a recent study. This is a space where AIA Philippines, as a life insurance company driven by its purpose of helping people live healthier, longer, better lives, saw an opportunity to do more. With health expenses rising three times between 2011 to 2021, and out of pocket healthcare spend eating up 40% of the budget, developing solutions that can help more Filipinos take care of their health within the cost they can afford is a welcome development.

In 2023, AIA Philippines, formerly known as Philam Life, completed its acquisition of MediCard Philippines. With a health maintenance organization (HMO) now its subsidiary, the company is able to expand its reach and play a more active role in bridging the gap between quality and inadequate health care.

“Our focus is on helping Filipinos live healthier, longer, and better lives by providing access to affordable healthcare,” stated Julian Mengual, CEO of MediCard Philippines. The need is especially heightened after going through years of a global healthcare crisis that left many without enough funds and access to essential medical services and resources.

Being an industry pioneer with over 30 years in the business, MediCard Philippines has become renowned for its expertise and reach in providing total healthcare.

The HMO offers outpatient services, emergency access to hospital care, unlimited consultations, discounts for laboratory procedures, and other benefits depending on one’s plan.

“This is supported by access to care through our extensive networks. There are 27 clinics managed and owned by MediCard Philippines across the Philippines offer access to both general practitioners and specialists. We have over 2,000 partner hospitals and clinics, over 24,000 doctors, and over 63,000 affiliated partners,” shares Mr. Mengual.

One of their plans, called MediCard Select, offers the company’s unparalleled level of access together with a full suite of benefits in various price points depending on the desired coverage. It is a plan for individuals, families, or SMEs that includes hospitalization, emergency, outpatient, and preventive healthcare coverage alongside dental care.

Having a strong HMO provider is an integral part of total protection, and complementing it with other protection solutions only strengthens the goal of making healthier lives a reality for more people.

With AIA Philippines able to offer healthcare, long-term savings, and protection solutions together with its subsidiaries MediCard Philippines, AIAIM Philippines and BPI AIA, it is well-positioned to bring to life its purpose of helping more Filipinos live healthier, longer, better lives.