The Philippine Insurance Commission (IC) is encouraging insurance companies and health maintenance organisations (HMOs) to explore offering more gender-responsive policies, considering anticipated increases in healthcare costs nationwide.
The IC has urged providers to explore and broaden insurance and HMO plans that address gender-specific health risks and needs.
This could include coverage for maternal and reproductive health, gender-specific critical illnesses, and related medical services.
“The commission supports initiatives that promote inclusivity, empowerment, and financial resilience through the availability of specialised insurance and HMO products that address women’s health, financial security, and overall well-being,” Insurance Commissioner Reynaldo A Regalado said in a press statement.
“These products provide comprehensive protection tailored to the diverse needs of individuals, ensuring that financial security and healthcare remain accessible for all,” he added.
This policy recommendation comes at a time when healthcare costs are on the rise.
A recent study by WTW predicted an 18.3% increase in medical expenses in the Philippines for 2025, one of the highest growth rates in the Asia-Pacific region. The survey highlighted several factors contributing to this trend, such as the higher demand for health services, rising hospital and professional fees, and the increasing prevalence of chronic diseases.