Managing your Finances in the Philippines or anywhere in the world as an Expat
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1. Philhealth is now being offered to expats holding appropriate visa. Ra 7875, as amended by RA 9241, provides for the inclusion to the National Health Insurance Program the citizens of other countries residing and/or working in the Philippines. http://www.philhealth.gov.ph/members/individually_paying/faqs.html 2. It's only Blue Cross who is able to provide for expats or locals older than 60. 3. Just make sure that you do have savings enough to cover at least $20k for emergency, AND one year's worth of emergency funds to keep you afloat in case you are not able to get your SSS or pension from your country of origin. 4. You can set up your own business so that you can take advantage of tax benefits. 5. For those who have a NETWORTH of at least $250k or more, consider doing some estate planning or your family will pay 20% or more. 6. If you have $250k, even at 10%, you will be living on $2k a month on interest alone on top of your pension, that for me is FINANCIAL BLISS!!Did you know that the Insurance Companies in the Philippines are one of the best investment haven? Plan well. Invest well. Insure well. Live well. Pinaymentor
Submitted on Jun 25, 2013 - Category: Expat Finance, Network: Philippines
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pinaymentor
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