Living In The Philippines Alternative To Long Term Care Insurance?

[JJReyes]

Some great points made here, and my Mum would be the same in regards to many things, although I think the diet here would be even better for her, with more fish and fresh fruit being much less expensive etc. However health care and medications are the issue, unless you are able to cover the costs of private health, she is much better off in Canada.

My venture partners have already come up with the private healthcare solution. We will build our own hospital. It will be a 44 beds modern facility. The medical insurance is estimated to be the equivalent to what Americans currently pay for Medicare B, C, D, which is around US $200 per month. The diet is organic fruits, vegetables, poultry and meat. The water comes from a natural spring. No chemical additives. If you want milk, it will be non-pasteurized whole milk. When we say, "Fresh Milk." it left the teats less than two hours ago. What is not consumed within the two hours time limit becomes cheese, yogurt, butter or ice cream.

Perfect, name the resort, "Last Resort" and Dave's mum will be your first tenant.

I found your joke to be really fun. The reason is during our two weeks road trip through California, Nevada and Arizona, my wife and I visited assisted living and skilled nursing homes. While meeting with the owners of one, I kept referring to a previous visit as the Sunset Home. My wife finally bailed me out by saying, "J.J. is having a senior moment. The correct name is Sunrise Senior Homes." Everyone in the room went, "Ahhh." Sunrise is a large, publicly traded company with about 300 senior homes across the United States.

Last Resort would be a terrible name. I have already registered a better one, Eden Retirement. This is in reference to our wholistic approach in providing care. The one fruit that can't be served are apples because they won't grow in a tropical climate. The business model is a Continuing Care Retirement Facility (CCRC). We are estimating an average cost of $2,500 per person per month. The revenue stream is around P100 million a month or P1.2 billion a year.

Edited June 4, 2012 by JJR

[Jack Peterson]

:)

Some great points made here, and my Mum would be the same in regards to many things, although I think the diet here would be even better for her, with more fish and fresh fruit being much less expensive etc. However health care and medications are the issue, unless you are able to cover the costs of private health, she is much better off in Canada.

My venture partners have already come up with the private healthcare solution. We will build our own hospital. It will be a 44 beds modern facility. The medical insurance is estimated to be the equivalent to what Americans currently pay for Medicare B, C, D, which is around US $200 per month. The diet is organic fruits, vegetables, poultry and meat. The water comes from a natural spring. No chemical additives. If you want milk, it will be non-pasteurized whole milk. When we say, "Fresh Milk." it left the teats less than two hours ago. What is not consumed within the two hours time limit becomes cheese, yogurt, butter or ice cream.

Perfect, name the resort, "Last Resort" and Dave's mum will be your first tenant.

I found your joke to be really fun. The reason is during our two weeks road trip through California, Nevada and Arizona, my wife and I visited assisted living and skilled nursing homes. While meeting with the owners of one, I kept referring to a previous visit as the Sunset Home. My wife finally bailed me out by saying, "J.J. is having a senior moment. The correct name is Sunrise Senior Homes." Everyone in the room went, "Ahhh." Sunrise is a large, publicly traded company with about 300 senior homes across the United States.

Last Resort would be a terrible name. I have already registered a better one, Eden Retirement. This is in reference to our holistic approach in providing care. The one fruit that can't be served are apples because they won't grow in a tropical climate. The business model is a Continuing Care Retirement Facility (CCRC). We are estimating an average cost of $2,500 per person per month. The revenue stream is around P100 million a month or P1.2 billion a year.

Well JJ, we used to have a Comedy programme in the UK about a nursing Home, it was called " Waiting for God so I guess your name is not so out of Order :) google it and have a little laugh to yourself.

Jack P. :tiphat:

[Papa Carl]

There is a hospital sitting in Angeles, built not long ago, but now abandoned due to the fact that the owners were scamming the American HMO's and Medicare scam. Too bad you couldn't use that!

I do like the Last Resort for a name, sounds like something I would have used! Ha, no wonder all my businesses go bust!!!

Papa Carl

[OnMyWay]

The diet is organic fruits, vegetables, poultry and meat. The water comes from a natural spring. No chemical additives. If you want milk, it will be non-pasteurized whole milk. When we say, "Fresh Milk." it left the teats less than two hours ago. What is not consumed within the two hours time limit becomes cheese, yogurt, butter or ice cream.

Getting slightly off topic now, but what will be your sources for the organics and fresh milk? I am very interested in eating like this but I have no idea what the sources and costs will be like once I am in Phils.

[JJReyes]

We own a family farm located about 75 kilometers from Metro Manila. This farm will become a major source for organic fruits and vegetables, but there are other farms in the area that are organic. The selling is through weekend Farmers' Markets in Makati and Alabang.

We can receive immediate organic farming certification for planting in land that has been dormant for at least 10 years. The conversion from conventional to organic farming is more complicated.

There are farm pictures in the gallery. I also have a website, www.tropicalfruitfarm.com.

[phildiver]

I had an MI here in 2005. 6 days ICU and total cost soup to nuts $7,000. Would have been $70,000 in USA. My typical doctor fee here for a specialist is about $12.00. Lab work is cheap as well. Life is good here for sick people. If you are Canadian and have a spouse that is a Veteran perhaps you can get reimbursement for health costs. You can have a high quality of life here for not so much. Helpers - $60, Caregiver - $100, Driver - $150, Condo Rental - $1,000 etc..not a whole lot of money for high quality of life.

[JJReyes]

I had an MI here in 2005. 6 days ICU and total cost soup to nuts $7,000. Would have been $70,000 in USA. My typical doctor fee here for a specialist is about $12.00. Lab work is cheap as well. Life is good here for sick people. If you are Canadian and have a spouse that is a Veteran perhaps you can get reimbursement for health costs. You can have a high quality of life here for not so much. Helpers - $60, Caregiver - $100, Driver - $150, Condo Rental - $1,000 etc..not a whole lot of money for high quality of life.

Thanks for the information. I am not yet ready to "hit the road" and promote overseas retirement care in the Philippines. This forum has been a valuable source for information, which will be included as part of my talking points.

[OnMyWay]

We own a family farm located about 75 kilometers from Metro Manila. This farm will become a major source for organic fruits and vegetables, but there are other farms in the area that are organic. The selling is through weekend Farmers' Markets in Makati and Alabang.

We can receive immediate organic farming certification for planting in land that has been dormant for at least 10 years. The conversion from conventional to organic farming is more complicated.

There are farm pictures in the gallery. I also have a website, www.tropicalfruitfarm.com.

Yes, I was wondering if you had the farm as part of the plan. That is fantastic and I wish you the best of luck with the ventures! I would love to see the farm someday! From your comment, I assume the Philippines has an organic certification program, which is also good to know.

[lighthouse]

We own a family farm located about 75 kilometers from Metro Manila. This farm will become a major source for organic fruits and vegetables, but there are other farms in the area that are organic. The selling is through weekend Farmers' Markets in Makati and Alabang.

We can receive immediate organic farming certification for planting in land that has been dormant for at least 10 years. The conversion from conventional to organic farming is more complicated.

There are farm pictures in the gallery. I also have a website, www.tropicalfruitfarm.com.

Hi JJR, wow you have some really good plans there! I am glad the idea is to keep the land and not let it be urbanized. The area needs more of these and need people who have better foresight to plan such things. We are also considering purchasing some land but perhaps will be in Cebu where most of our contacts are. I like the projects you are involved with and hope for their success.