Gift of Health accounts provide an easy way to save for your family’s healthcare needs. Gift funds are deposited into an interest-bearing account* and only disbursed to the recipient with donor’s approval. Recipients can utilize the funds for medical and dental expenses, such as hospital visits, check-ups, or prescription drugs.
Gift of Health accounts also allows those who intend to retire in the Philippines, but still travel to the U.S., to save money for future medical needs. “Balik-Retirees” can set up a Gift of Health account while still employed and contribute funds in preparation for retirement.