8 Best reasons to retire to the Philippines! Living in Philippines!
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- Опубликовано: 24 авг 2024
- 8 Best reasons to retire to the Philippines! Living in Philippines! Now this country seems like a great place to retire to! Affordable, nice weather, beaches and over all comfort that the Philippines is known for worldwide. Check out my vlog on whether this could be the place for your retirement destination.
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DISCLAIMER: I AM NOT A FINANCIAL ADVISER AND I DO NOT CHARGE ANYONE FOR THESE RUclips VIDEOS. THESE TYPES OF VIDEOS ARE BASED UPON MY OPINION ONLY. YOU ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT ACTIVITIES. I SPEAK ABOUT CRYPTOCURRENCIES, TOKENS, PRECIOUS METALS, AND OTHER "MARKETS".
I’m 46 and retired living in Phills, I must correct you number one reason is why you want to retire here is because 90% of the population speaks English here as well as living on 1000 per month is possible but good luck hahaha
I have 4 bedroom house with A/C in every room because you need to have it in +30 degrees or you’ll die of the heat.
My monthly electric bills are cheap it’s only 150$ my full costs living for me and my gf and her daughter are 2200$
I own a car and motorcycle as well as you need vehicle for transportation here because riding on Jeepneey’s just won’t do it for us Westerners.
I think it’s safe to say that 1500-2000 is enough to retire here monthly
This 80 yr old man retires to the Philippines......meets a 20 yr old girl.....they date for a few weeks.......one night, after dinner, he struggles to his knee, opens a little box and says “Darling, will you be my widow?”
Awesome! It's fun in the Land of Ophir!
🤣👍
PhilHealth is opting for many retirees if they don’t have health insurance in their home country. However, there are some significant changes in the rules and regulations of the PhilHealth membership for foreign nationals. Starting 1st of January, 2018 the membership rate for foreigners is changing.
The following information was provided to us early June 2017 by PhilHealth and should count as a guideline for our foreign friends. For detailed information and further questions, you should seek the assistance of your local PhilHealth Office.
The objective of this informative post is to provide the implementing guidelines on the enrollment and coverage of retirees who are foreign nationals or former Filipinos, and other foreign citizens working and/or residing in the Philippines in accordance with the provisions of the Revised Implementing Rules and Regulations (RIRR) of Republic Act (RA) No. 7875, as further amended by RA No. 10606.
The following information
1.Foreign retirees or former Filipino nationals and their qualified dependents, who are holders of Special Resident Retiree’s Visa (SRRV) and granted permanent residency, status pursuant to Section 9 (d) of Executive Order No. 1037 dated July 4, 1985.
2. Citizens of other countries working and/or residing in the Philippines and.holders of valid Alien Certificate of Registration Identity Card (ACR I-Card).
Exclusion
Foreign Citizens with formal contract whose premium contributions are equally shared by the employees and the employer.
Definition of Terms
1. Foreign retiree - refers to any foreign national or former Filipino at least 35 years old, who chose to retire and live in the Philippines and qualified holder of SRRV.
2. Special Resident Retiree’s Visa (SRRV) - is a special non-immigrant visa issued by the Bureau of Immigration (BI) through the Retirement Program of the PRA. It entitles the holder to multiple indefinite entry privileges with the right to stay permanently in the Philippines.
3. Alien Certificate of Registration Identity Card (ACR I-Card) - is a microchip-based, credit card-sized, identification card issued to all registered aliens whose stay in the Philippines has exceeded fifty-nine (59) days. This includes foreign nationals under immigrant and non-immigrant visas and holders of Temporary Visitor’s Visa.
Implementing Mechanism
Below are the mechanisms for the coverage of PRA foreign retirees and other foreign citizens under the Informal Economy Program of the NHIP:
PRA Foreign Retiree
annual premium PhP 15000
Other Foreign Citizens who work in the country or residency in the Philippines
annual premium PhP 1700
Unfortunately, under the new PhilHealth regulations, foreigners will no longer be eligible for Z Package benefits?
Under this Z Package, it covers very serious and expensive medical conditions check local regional offices and their website
www.philhealth.gov.ph
Citystate Centre, 709 Shaw Blvd.,
1603 Pasig City, Philippines
Textline:0917-898-7442 (PHIC)
actioncenter@philhealth.gov.ph
Phil Health - Health insurance for Foreigners in the Philippines
Specific Provisions
1. Foreign nationals are required to enroll as a member and shall not be covered as dependent by their Filipino Spouse.
2. All foreign nationals are qualified to be covered under the Lifetime Member Program of the NHIP once they have reached the age of 60 and have made 120 monthly contributions. However, they are not qualified for the mandatory PhilHealth coverage as provided under the Expanded Senior Citizens Act.
3. In case of death of covered foreign nationals, the qualified dependent/s shall continue to avail of PhilHealth benefits for the remaining unexpired portion of the coverage.
Other Provisions
1. Upon registration to LHIO, new member-foreign national will be issued with the following:
•PhilHealth Identification Number (PIN)
•Member Data Record (MDR)
•PhilHealth ID Card
2. Initial payment of premium contribution shall be made to the nearest LHIO while succeeding payments may be made at any PhilHealth accredited collecting agents (ACAs) or banks nationwide.
3. In case of changes in personal information or declaration of additional dependents, the member shall be required to proceed to the nearest LHIO and submit the previously issued MDR reflecting the necessary data adjustment together with the attached proof/ supporting document/s. Once updated thru the PhilHealth system application, a new MDR shall be printed and issued to the member.
4. In the availment of benefits, the patient shall be checked for eligibility through the PhilHealth Enhanced Health Care Institution (HCI) Portal. Those with qualifying contributions will be entitled to benefits and shall be issued with PhilHealth Benefit Eligibility Form (PBEF).
5. in case the membership and coverage of foreign nationals have not been reflected/updated thru the PhilHealth HCI Portal, the MDR and PhilHealth Official Receipt (POR)/ PhilHealth Agent’s Receipt (PAR)/ Certificate of Premium Payment (CPP)/ Bill Payment Receipt (for non-banks) may be presented to the accredited health care facility as proof of benefit entitlement.
6. The PhilHealth Customer Assistance, Relationship and Empowerment Staff (CARES), currently deployed in various accredited hospitals nationwide, shall be required to provide the necessary assistance to the members in the availment of benefits.
Repealing Clause
All existing related issuances with provisions inconsistent herewith are hereby repealed and modified accordingly. Other provisions consistent with the foregoing shall remain valid and in full force.
Please keep in mind that this post is only for information purpose. All questions regarding the PhilHealth Health Insurance for foreigner in the Philippines need to be addressed to a PhilHealth Customer Assistance at your local office. You may also look at their website for further information.
www.philhealth.gov.ph
Excellent information. Thanks
I love the Philippino people and remember a nurse who spoke good English and was a wonderful person too. Of course, most 18-year-olds quickly fall in love with their beautiful, young and very warm nurse. I really want to visit this country after the COVID-19 thing has calmed down.
Yes, the Philippines is a great place to be, for sure!
I am considering Palawan, Puerto Princesa. My monthly disability income is 1,032.90 monthly. I don't seek to be in the tourist areas, but low key local living. I heard that homes can be rented cheaply in low key areas.
if decided to retire the best place are in the Visayas region ,it becomes a hub develop entirely for expat who would like stress free living, simple life styles affordable expenses, health wise you there can be no problem, medical facilities are available, amenities are anywhere in the region
PhilHealth Expands Coverage to Foreign Nationals
June 7, 2017
STARTING July 1, 2017, foreign nationals and former Filipino citizens who have chosen to retire in the Philippines may avail themselves of social health insurance benefits.
Under a Memorandum of Understanding (MoU) signed in 2015 between the Philippine Health Insurance Corporation (PhilHealth) and the Philippine Retirement Authority (PRA), qualified foreign retirees who are registered with the PRA or former Filipinos may enrol under the Informal Economy member category to gain access to medical care services in the country.
The MoU aims to further strengthen the collaboration between the two government agencies to promote the country as a retirement haven for qualified foreigners.
Interested foreign retirees in the country may submit the properly filled out PhilHealth Member Registration Form for Foreign Nationals to the PRA Head Office in Makati City or to any of its satellite offices nationwide. Requirements for their enrolment are Special Resident Retiree’s Visa (SRRV) and a granted permanent residency status pursuant to Section 9 (d) of Executive Order No. 1037. The PRA will facilitate their enrolment into the National Health Insurance Program (NHIP).
Citizens of other countries residing or working in the Philippines with a valid Alien Certificate of Registration Identity Card (ACR I-Card) issued by the Bureau of Immigration may submit their PMRF for Foreign Nationals to the nearest Local Health Insurance Office (LHIO).
All member-foreign nationals and their qualified dependents shall be entitled to inpatient and outpatient benefits and other special benefit packages through any of the PhilHealth-accredited health care institutions nationwide. Excluded from their entitlements, however, are the Z Benefit packages, reimbursement for all confinements abroad and benefits for women about to give birth (WATGB).
The annual premium contribution rate for PRA foreign retirees is P15,000.00, while that of other foreign citizens is P17,000.00. They may pay for their premium contributions either quarterly, semi-annually or annually. (Dahlia D. Benedicto)
(Reference: Dr. Israel Francis A. Pargas, Head Executive Assistant and Concurrent OIC-Vice President for Corporate Affairs Group, Tel. 0917-8089399)
More fun in the Philippines!
Another piece of helpful information if you choose to apply for dual citizenship you can own land without restrictions
@Ray Dunkin. Oh wow, great point! Thanks for that!
@@roninblue5885 You or your parents have to be born in Philippines to have it though. There is Naturalization also but that is reserved to African American ballers.
Thanks for encourage philippines
I like ur vedio do some more pls...😘😁🇵🇭
@Jaja 25. Yes, more videos are coming! Even of the Philippines in the future.
HOW ABOUT ELNINO FOR RETIREMENT --I HAVE ABOUT 2,000 A MONTH SINGLE 67 YEAR OLD --BEAUTIFUL PLACE--I LIVE IN VEGAS NOW AND THE HUMIDITY HERE IS ABOUT 5% AND THAT IS WHAT WORRIES ME ABOUT COMING TO A HUMIDITY COUNTRY
Nice video and very informative 👍
The Expanded Senior Citizens Act of 2010 (Republic Act 9994) defines the privileges all senior citizens are entitled to. Elderly Filipinos are aged 60 and above are entitled to a 20% senior citizen discount and exempted from the value-added tax (VAT) on applicable goods and services for their exclusive use. These privileges apply to both cash and credit card payments.
Online Bookings for Domestic Flights Come with the Senior Citizen Discount
Seniors Can Get a 20% Discount When Booking Ride-Hailing Services
The Department of Transportation and LTFRB require ride-hailing services in the Philippines to provide the mandatory 20% discount to their senior customers.
Grab, for example, provides this senior citizen discount but requires qualified Grab riders to apply first before availing it.
Traveling to local destinations are made cheaper for seniors, as the country’s major airlines have been offering the 20% senior citizen discount and VAT exemption for online bookings since September 2017. AirAsia, Cebu Pacific, and Philippine Airlines are implementing this senior citizen discount on their websites and mobile apps. Previously, the discount applied only to over-the-counter purchases at physical airline ticketing offices.
The senior citizen discount applies only to regular fares for domestic flights. It doesn’t cover promo fares, baggage allowance and other fees, and international flights. To avail of the discount, customers must enter their senior citizen ID number when booking a flight and present the ID upon check-in at the airport.
Some local government units in the Philippines pamper senior citizens with special perks, from free birthday cakes to free movies.
But the most practical and useful benefits for senior citizens have to do with commuting. In Makati and Manila, for example, seniors are exempted from the number coding scheme, whether as drivers or passengers. Meanwhile, registered senior citizens enjoy free parking in cities like Cebu City, Manila, Muntinlupa City, and Quezon City.
Senior citizens have special lanes in banks, LRT and MRT stations, fast food restaurants, supermarkets, and drug stores. But in establishments without senior citizen lanes, RA 9994 requires them to prioritize elderly clients.
So when cashiers, bank tellers, or government staff call a senior standing behind you in line to be served first (or when seniors cut you in line), they aren’t being inconsiderate or rude to you. They’re just obeying the law.
List of Senior Citizen Discounts and VAT Exemptions
Medicines: Generic and branded medicines, vitamins, and mineral supplements (with doctor’s prescription)
Medical supplies and equipment: Hearing aids, eyeglasses, wheelchairs, crutches, dentures, etc.
Medical and dental services in private facilities: Lab tests such as blood tests, X-rays, etc.
Professional fees of attending physicians and licensed health workers
Domestic air and sea travel fares
Public land transportation fares: Jeepneys, buses, taxis, shuttle services, MRT, LRT, PNR, etc.
Hotels: Accommodation and amenities in hotels, beach resorts, mountain resorts, etc.
Restaurants: Food, beverages, dessert, and other consumables for dine-in, take-out, drive-thru, and delivery orders
Recreation centers: Rental and other fees for sports facilities such as gyms, badminton courts, tennis courts, ballroom dancing studios, bowling lanes, etc.
Places of leisure: Cinemas, museums, parks, theaters, concert halls, etc.
Funeral and burial services for deceased senior citizens: hospital morgue, embalming, casket or urn, cremation, etc.
Aside from the 20% senior citizen discount and VAT exemption, Filipino seniors also enjoy many other privileges.
List of Senior Citizen Benefits
Income tax exemption for minimum wage earners
Training fee exemption on socio-economic programs
Free medical and dental services in government facilities
Free flu and pneumococcal vaccinations for indigent senior citizens
Scholarships and financial assistance for seniors’ education in public and private schools
Retirement benefits from SSS, GSIS, and Pag-IBIG
Discounts in special programs for senior citizens
Express lanes for senior citizens in all government offices and commercial establishments
How to Compute Senior Citizen Discount
Know that a senior citizen is exempted from paying Value Added Tax (VAT). To compute the VAT exempt sales, divide the selling price by the VAT rate. Below is a sample computation:
Product Price: PHP 500
VAT Rate: 12%
Formula: Selling Price ÷ VAT Rate = VAT Exempt Sales
Solution: PHP 500 ÷ 1.12 = PHP 446.43
Senior citizens are entitled to a 20% discount upon purchase of goods and services. To compute for the discount, deduct the percentage by multiplying the VAT exempt sales by 20%.
Formula: VAT Exempt Sales x 20% = Senior Citizen Discount
Solution: PHP 446.43 x 0.20 = PHP 89.29
To identify the billable amount, subtract the VAT exempt sales by senior citizen discount.
Formula: VAT Exempt Sales - Senior Citizen Discount = Billable Amount
Solution: PHP 446.43 - PHP 89.29 = PHP 357.14
Can senior citizens get a 20% discount on groceries? No, they can’t. However, they can avail of a special 5% discount without VAT exemption on select grocery items, as granted by the Department of Trade and Industry and the Department of Agriculture.
Seniors who buy groceries worth up to PHP 1,300 per week enjoy 5% off the retail prices of at least four kinds of basic necessities and prime commodities:
Rice, bread, and corn
Chicken, beef, and pork (fresh, canned, and processed)
Fresh eggs
Coffee, creamer, and sugar
Fresh fruits and vegetables
Garlic and onions
Cooking oil and salt
Noodles, canned sardines, and canned tuna
Fresh milk and other dairy products
Detergents
Electrical supplies, light bulbs, and batteries
Geriatric diapers
To get the 5% senior citizen discount on groceries, seniors must bring their OSCA purchase booklet when they shop in supermarkets, convenience stores, and drug stores. Exempted from giving the special discount are sari-sari stores, cooperative stores, wet markets, and talipapa.
An Authorized Representative May Claim the 20% Discount on a Senior’s Behalf
If your parents or grandparents are bedridden or too weak to buy their food and medicines, you may claim the senior citizen discount on their behalf, as long as they’re the ones who will use the discounted products and services.
To get the 20% discount on behalf of a senior citizen, a duly authorized representative must present these documents when paying for a purchase:
Senior citizen ID or any government ID
OSCA Purchase Booklet
The representative’s government ID
Signed authorization letter from the senior citizen
The Senior Citizen Act Doesn’t Allow Double Discounts
Can seniors avail of a promotional discount in hotels, restaurants, and other establishments on top of the 20% discount? The senior citizen law states that when seniors purchase something on a promo, they can get only either of the two discounts, whichever is higher.
The same goes for elderly persons with disability (PWDs). They’re entitled to either the senior citizen discount or the PWD discount, but not both.
Seniors can get a 5% discount on their power and water bills, as long as the accounts are registered in their name,
Good job
Hi I like your video it was well presented, however I am not sure when and what date this video was made. The current date today is April 2019. The cost of living now in the Philippines is a no longer the same as previously presented. Everything has gone up, I would say almost one a half times of the figure you show on this video. I suggest for those who wish to retire in the Philippines, it would be wise to check the current prices first. But honestly speaking you are right when you said Filipinos are by nature very friendly and are welcoming people to foreigners. Language is not a problem, cause English is a well spoken language in this country. Sometimes you will find two Filipinos conversing in English instead of talking in Tagalog which is the national language of the Philippines. I also agree that if you have more than enough money to retire, then you can really live a very comfortable life. You can hire a two housekeeper to clean your house and wash your clothes. And if you can afford to hire a housekeeper who knows how to cook, your can save a lot of money on food. Filipinos are fast learner, if you prefer to eat foreign food, you can teach your helper how to cook foreign food just make sure to find the proper ingredients in the supermarket. I also suggest that the province is the best place to retire, away from the Manila pollution, traffic and heat in the city. Manila is now too congested with people, almost everyone want to own a car and drive in the traffic of Manila. However over all, if you want a much enjoyable place for your retirement and love the beach, Batangas, Palawan, Mindoro in the south, or Pampanga, Pangasinan close to Baguio Is also a choice. Baguio is a little bit congested now too, because a lot of Korean’s are now living in Baguio and also other foreigners. Well wish you good luck, if you decide to retire in the Philippines. 👍👍👍👍👍
Making me hungry...
adobo is spanish means ' sour checken"
@Jaja 25. Thank you. Good to know!
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