HOW TO INVEST IN LEVEL 1: KAISER AND FAQS

Many smart Pinoy investors right now in the Philippines took Kaiser Long Term Healthcare as their first level of investment. But still some readers are skeptical or doubtful about it.

Some say it’s the first time they heard about it. Others are concerned that it will crash like other insurance companies in the Philippines because it is unstable and the benefits seem too good to be true.

To dispel the mystery surrounding Kaiser, here are some Frequently Asked Questions (FAQs) about it:

Q1: It’s my first time to hear about Kaiser. What is it?

Kaiser is a Philippines-based Health Maintenance Organization (HMO)approved and accredited by the Department of Health (DOH) since July 26, 2004. A HMO provides health care to its members through networks of doctors and hospitals. HMOs are popular alternatives to traditional health care plans because they usually cost less.

Below is a document (as of December 2012) from the DOH website (http://bhfs.doh.gov.ph/images/listing/HMO/dec2012.pdf) showing Kaiser as one of accredited HMOs in the Philippines.

Q2: Is Kaiser secure and financially stable? Is it legal?

Kaiser is registered with the Philippines’ Securities and Exchange Commission (SEC) as a health care provider and broker for other health care companies. Kaiser has an authorized capitalization of Php 160,000,000. The investment and funds are managed by the top leading financial institutions in the industry.

Below is a quick search done on the SEC website (http://iregister.sec.gov.ph/MainServlet?param=search) on registered companies. However to access further information SEC will require a fee.

Q3: Who are the persons behind Kaiser?

Below are Kaiser’s Board of Directors:

Chairman: Dr. Tito Torralba

• Medical Director, University of Santo Tomas Hospital
• Chief, Section of Rheumatology, Makati Medical Center
• Chief, UST Hospital Joint and Bone Center

President and CEO: Dr. Ramon B. Abragan, Jr.

• Head Executive Assistant, Department of Health
• Consultant to the Secretary, Department of Health
• Board of Medicine, Professional Regulation Commission

Member: Dr. Florentino C. Doble

• Surgeon, Administrator, Professor, Philanthropist, Father
• Medical Center Chief II – East Avenue Medical Center
• Chief Medical Professional Staff II – EAMC

Member: Dr. Gil C. Fernandez

• Diplomate – Philippine Board of Plastic Surgery
• Chairman, Surgical Mission – Rotary Club of the Manila
• Awardee, Ten Outstanding Son of Dagupan City

Member: Dr. Jonathan Salvador

• Philippine Association of Training Officers in Surgery
• Philippine Society of General Surgeons
• Society of Apothecaries of London

Member: Atty. Tranquil Gervacio S. Salvador III

• Dean of the Law School of Pamantasan ng Lungsod ng Pasay
• Charter President of the Rotary Club of Malate Manila
• President, Integrated Bar of the Philippines – Quezon City

Corporate Secretary: Atty. Tranquil Gervacio S. Salvador III

Asst. Corporate Sec.: Atty. Raymond Yap

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Q4: Where is the Kaiser Main Office located?

Kaiser is located at: King’s Court Bldg 1, Chino Roces Ave, Makati City 1200, Philippines.

Q5: I am currently employed. Me and my family are already covered by my employer or company’s healthcare plan. Why do I still need to get Kaiser healthcare?

You and your family’s coverage by your employer’s healthcare plan is only provided as long as you are employed by your company. As soon as you resign, get terminated or retire your company’s healthcare plan benefit also stops.

Q6: I am currently living and working overseas and the government here provides healthcare. Why will I still get Kaiser?

Kaiser will give you healthcare coverage every time you go home to the Philippines. Overseas governments won’t shoulder your healthcare expenses if you are in the Philippines.

Q7: If a Kaiser plan holder dies, is his K100,000 plan transferable to any of his beneficiaries? How much will his beneficiary get?

If the plan has approved term insurance coverage, the plan is transferable to the primary beneficiary.

Kaiser shall pay the principal amount of the term insurance equivalent to the member’s long-term care benefit Php 100,000. If the cause of death is an accident, additional Php 100,000 shall be paid. It works like a term life / accidental death and  dismemberment insurance.

Q8: How long do I need to pay the premiums? How much do I need to pay per month?

Kaiser plans are only payable for 7 years. After that there’s nothing to pay.

The lowest premium per month is Php 2,647 plus policy fee of Php 500 per year. Of course the lower the premiums also the lower healthcare benefit coverage.

Q9: What if I am very healthy and did not get sick so I haven’t use my Kaiser healthcare at all after paying my premiums? Will I get something back?

Your Kaiser Plan matures in 20 years. If you haven’t use your Kaiser healthcare benefits at all, you have the option to get the maturity value of your plan. For example, if you have K-45 (with total premiums paid of Php 185,288), you can get the maturity value of Php 524,776. That is more than double your money.

Take note that once you’ve withdrawn the maturity value. You’ll also lose your healthcare coverage. Unused Kaiser in this regard works as a retirement fund.

Q10: I have just bought a Kaiser healthcare plan. Can I now avail of the Annual Physical and Dental Examination?

The member can avail of these two outpatient benefits after paying fully paying the first year’s premium.

For example, if his mode of payment is annual, then he can avail immediately after receiving his member’s kit containing his ID, benefit and dental card, provider directory, guide book and your schedule of benefits with the contract provisions.

Q11: Do I need to use Kaiser’s network of providers (i.e. hospitals, doctors, dentists)? Is it only providers in Metro Manila? Can you give me a list of providers?

Yes, you must stay within the Kaiser network at least during the accumulation or Paying Period. However, on the 8th year onwards, you can avail of your medical needs using your own set of providers and then file for reimbursement within your allowable health benefit.

Kaiser’s network of healthcare providers is all over the Philippines. The providers are too many to provide a list here but you’ll be provided a booklet of accredited providers once you get a plan. Popular hospitals areMakati Medical, St. Lukes and Asian Medical among many others.

Q12: Does Kaiser provide healthcare benefits to a particular organization/company? Can you please give one?

Yes. Kaiser provides companies and organizations. One of the notable ones is the Philippine House of Representatives. Please see document below.

Getting a Kaiser healthcare plan will always be a win-win situation no matter what happens to you.

• If you get sick then you’ll get healthcare expense coverage.
• If you don’t get sick and haven’t used Kaiser, then you can have the option to get the maturity value which is more than double of what you’ve paid for.
• If you suddenly die or get disabled, Kaiser will give your beneficiary insurance benefits

In short, Kaiser is healthcare+insurance+retirement fund!

So, how do you get a Kaiser health plan?

As an IMG member, I can send you the requirements and forms needed. I’ll be happy to assist you on how to go about doing it.

If you are interested and have further questions, just send me a personal message here: >>>>http://goo.gl/qEzxxT

Invest in your Financial Education first leads you to your Financial Freedom!

 PS1 :  For more information about Kaiser please read my previous post      here: >>>http://goo.gl/BWvv28 ,   you can also visit the Kaiser  website: >>>>>http://www.kaiserhealthgroup.com/

PS2: KAISER International Healthgroup, Inc. is not in anyway affiliated with Kaiser Permanente

“Keep It Simple! Keep It Duplicatable”!- Xuan Ngyuyen

The speed of growing any business depends on how fast it can be duplicated in many places at a fast pace. Do you agree? Ray Croc of McDonalds and Col Sanders of KFC proved this to be true. Today all over the world, there is one outlet of these giant franchise being put up.

I believe this is so because the system and products are so simple and duplicatable. They don’t even have to hire culinary experts but simply high school graduates or college students as their crew. They can do this, because the menu and the process is simple enough to be passed on from one trainee to another.

Imagine as Xuan suggested in the System Builder book pages 212 to 214, that McDonalds will shift from Burgers and Fries to gourmet food  like steak and seafood? Definitely, their kitchen will have to be retrofitted and changed all over the world.More over, they have to get their crew re-trained if not upgraded as the food to serve will be more complicated than simply serving burgers and fries.

In our IMG Business, we follow the example of these great franchised business. We make our buildable products so simple that anyone can share and understand it. If McDonalds have Burgers and Fries as their Buildable Product, IMG has Kaiser and Mutual Funds as theirs.

“Keep it duplicatable. Keep it doable”- Xuan Nguyen

Keep it Short and Simple! This is how we share the concepts. We use a one-pager presentation that anyone can easily duplicate. In our business which is Financial Education, we share concepts that are so simple that anyone can easily understand. The product providers are our partners if people would like to execute what they learned from our sharing.

In less than 8 years, we have built our business in 23 different countries, helping more than 10,000 families. We are now able to reach the entire Philippines from Northern tip of Luzon to Southern Mindanao using our simple concepts that are easily duplicatable, that you can do it too!

Learn more for your Financial Freedom!

IMG: BO SANCHEZ INTERVIEWS MR. JOEN DE LAS PEÑAS (IMG FOUNDER)

Mr. Joen de las Peñas is a founder of the International Marketing Group (IMG) and one of Brother Bo Sanchez’ investment mentors.

I am sharing below an article from Kerygma Magazine about their interview and how their mentor-trainee relationship started.

This article proves that IMG is a legitimate business and has been in existence for so many years.

We met at a most unlikely place – inside an airplane. I was bumped up to business class and he was seated right beside me. Since then, Jose Enrique (Joen) de las Peñas became my mentor in investing.

Joen has a mission: to change the adage that “the rich get richer and the poor get poorer.” He believes that “the average person, even the poor, has an equal chance to become wealthy if given the right information.”

Joen certainly knows what he’s talking about. He is a registered financial planner and has more than 12 years of financial management experience. He sits as the president and chairman of the board of International Marketing Group (IMG) Insurance Brokers Corporation.

Joen is certainly one guy I learn so much from every time I talk to him.

BO: I still remember your dialogue. You said, “I like your book.” I think you readSimplify and Create Abundance. And then you said, “Can I share some more to you?” In other words, you were trying to say, “You still lack some knowledge.” But I truly appreciate all the financial knowledge that you have shared with me all these years.

JOEN: That’s true. I read a lot of your books. It’s always been my dream to meet you so I could tell you a bit more about financial services, about the mission that we do. I know that you can help spread what we know, so it was a good chance to let you know all the things that we know.

BO: Can you share with us this mission, this crusade in your heart that’s been driving you for the past 10 years?

JOEN: It’s about the statement “the rich get richer and the poor get poorer.” Our mission is to change that. The rich get richer, it’s good. But the average person also has the right to become wealthy and I know that with the right information, he will have the same opportunity as the wealthy people.

BO: That’s wonderful. So the rich, yeah, they can get richer, so long as they share their riches. But you’re saying now that the average person can become rich as well.

JOEN: Yes, if the average person understands what the wealthy people are doing, if he understands the right financial vehicles, then there is no reason to be poor. Sadly, the average person focuses on different things while the wealthy people focus on how to become wealthy and successful.

BO: Can you give some specifics?

JOEN: If I ask the average person, “What is the rate of return on your savings?” most of the time he does not know. But ask him about the rate of return on his debt, he’d know. It’s always at the back of his mind. But the wealthy people – they know the rate of return on their savings, when it will double, how much their money will be in so-and-so years.

BO: You know, just yesterday I went to my bank and they gave me this leaflet on new interest rate. I was so shocked – it was 0.75% for a year! I thought it was at least 1%.

JOEN: And that’s still gross. You still have to deduct 20% withholding tax. What a lot of people do not understand is this: that the bank is a good vehicle for business; but for your own personal savings, there are lots of other financial vehicles that you can use.

Most people think that by saving they’re already doing something right. But the fact is, you could save the right way and save the wrong way. And saving the wrong way, at the end of the day, will not change anything.

BO: That’s a very important point. You know, Joen, my role is to give people the capacity to have a vision. I give them the capacity to dream. I remove their limiting beliefs – that I can’t do it, that I’m poor. So you’re absolutely right. People don’t have a vision of doubling their money.

JOEN: A lot of people are like that – they do not understand that with a meager rate of return on their savings, they will never have a chance to become wealthy. But I can show you a way that, even if you save P20,000 for six years with a total of P120,000, over the years as it compounds, it can be P9.5 million.

BO: Wow. So you’re saying, Joen, that if the average Filipino can save P1000 or P2000 a month, they can become a millionaire over time? But they need to know how to save, where to save.

JOEN: Yes and at the same time they should have a vision where their money is going and how exactly their money can grow. All of us work hard for the money. But eventually if we know how to handle money, money can actually work for us.We can be the boss of our money and not the other way around.

BO: OK, you’re saying, don’t put it in a bank, use the bank for business as loans, maybe business loans. But tell us, what vehicles are you talking about that can make one a millionaire over time?

JOEN: One of the widely used financial vehicles right now, even is the US and Europe, is the mutual fund. In a mutual fund, your small amount of money becomes part of a very big fund. If that fund earns 12% or higher, whatever savings you have there will have an equal rate of return as the whole fund. Many people think that the mutual fund is for the wealthy. But in fact it was created for the average persons to earn equally with the wealthy people.

I look at a lot of Filipinos and they’re very focused on how to make money but that’s only 50% of the equation. The other 50% is learning how to let their money go back to them much faster.

BO: That’s true. Is it safe to invest in a mutual fund?

JOEN: A mutual fund is regulated by the government and managed by a professional person to let the money grow. It’s one of the safest vehicles to let your money grow and to have the best rate of return. They have what you call asset allocation. The fund is spread correctly and all that the fund manager does is to think how to let the fund grow. And because of regulation, it’s a very safe vehicle.

BO: I’m sure we could go on and talking about this wonderful topic. One last thing before we end. You said that in the US, 20% of the people there put their long-term savings in the bank, but 70 or 80% put their money in mutual funds already. In the Philippines, it’s the opposite. Not even 1% of our people invest their money in mutual funds. And so you have a long way to go.

JOEN: Yes, there are a lot of things to be done. But I believed that with the right information we can actually become like the US and there will be more money in mutual funds compared to the regular savings in the bank.

Source: Kerygma June 2008 | An interview By Bo Sanchez

FREE SEMINAR TO GROW YOUR FINANCIAL

Watch Bo Sanchez's special endorse to attend this seminar lead by Benj and Fely Santiago, founders of the Truly Rich Makers-IMG

Attend the FREE Financial Coaching Seminar in Makati lead by Truly Rich Makers-IMG. Please note that Bro Bo Sanchez will not conduct the seminar instead the Truly Rich Makers Team lead by Benj and Fely Santiago, founders of Truly Rich Makers-IMG.

What will I learn from Truly Rich Maker's FREE Financial Literacy Seminar?

You will learn solid and practical ways on how to become financially free. Just take a look at the topics that will be discussed in the first module:

Practical Money Management Strategies

– The X-Curve Concept: The Blueprint of Financial Planning

– The Six (6) Steps to Financial Freedom

– How Money Works

– Investment Strategies

– How to Build a Solid Financial Foundation

– How to Create Millions with P1,000/month investment

Financial Planning and Goal Setting Workshop

– Types of Goal-Setters

– What Financial Stage Are You in?

– Powerful Strategies to Achieve Your Financial Goals

– How to Increase Your Cash Flow

– How to Have a Total Financial Peace of Mind

– How to Become Your Own Financial Expert

Other Topics You Can Learn:

– Getting Out of the Debt Trap

– Investment Principles

– The Spiritual Side of Money

– The Winner’s Mindset

– Estate Planning

– Health Management

We provide FREE FINANCIAL LITERACY to EVERYONE and ANYONE who wants to ACHIEVE FINANCIAL FREEDOM!

We will help you understand your financial situation and be inspired with the turning point stories of our mentors. Here you will learn how to secure your future and be financially free!

Yes, this seminar is TOTALLY FREE!

We are committed to the advocacy of improving financial literacy in the Philippines.

Location: IMG, King's Court, Chino Roces Avenue (former Pasong Tamo), Makati City
Contact Number: Smart: 0919-2824-035, Globe: 09157272324 (Look for Christy Canete)
Email: cc316_img@yahoo.com

Watch this inspirational video as featured in Rated K narrated by

 Korina Sanchez

Who Is IMG?

Their mission is to help families achieve their dreams, no families left behind through financial education and business opportunities. IMG stands for International Marketing Group. They are one of the biggest financial distribution company in the US, Canada, Taiwan, Hongkong, KSA, Europe Philippines and other countries worldwide. You can learn more about them here.  IMG's president Sir Joen Delas Penas is a great friend of Bo Sanchez.