So you have a medical insurance package with a medical card in hand, and you think everything is fine and dandy. Or is it? If your package was bought one or two decades ago, it may have fallen behind the times, leaving you with inadequate coverage when you need it.
You may think that your current medical insurance package is better than any of the new offers out there. You may be right. But you also may be wrong. If your medical insurance lacks these features, perhaps it’s time to consider an upgrade.Increased Annual Limit
Medical inflation is very real, and it isn’t limited to the double whammy controversies warring in the United States over Martin [...]
The current private healthcare system in Malaysia is, without a doubt, getting more and more expensive. That’s why it is vital you have health insurance. However, you don’t want to just get any random health insurance package.
You want to purchase the health insurance package that will actually work for you and your family. To ensure you’re getting the right package, make sure you’re doing these things:Do Your Research on Insurance Providers
Your decision isn’t going to be fool-proof even with extensive research on possible insurance providers. Nevertheless, you should do your research so that you are able to make the most informed [...]
If you once thought that medical insurance is your panacea to your medically-caused financial troubles, think again. There are some things that medical insurance does not cover, so read the fine print properly before you purchase one!1. Pre-Existing Conditions
A pre-existing condition is an illness or medical condition that existed before a insured person’s policy effective date. These medical conditions will not be covered by the insurance companies for their best interest.Image via Flickr
More formally, a pre-existing condition is a medical condition that has occurred before the insured person began his/her medical insurance coverage. [...]
A medical card is a handy thing to have when you fall ill or become hospitalised. Here are a few things to consider when choosing a medical card, whether for yourself or for your family members:1. Panel Hospital
Each insurance company has their own list of collaborating hospitals. If you are admitted to a panel hospital, you don’t need to worry about the claims because all the expenses are directly payable to the hospital from the insurance company. The number of collaborating hospitals varies according to the insurance company. So, it makes more sense to choose a medical card that has more participating hospitals for better convenience2. [...]