A medical card is a necessary investment for protecting your wealth, and ensuring you won’t have to pay out of pocket for surgeries, medical treatments, or hospitalization. Did you know cost of treatments is rising in Malaysia at upwards of 10% each year?
According to a study done by LIAM (Life Insurance Association of Malaysia), the inflation has reached as high as 13.1% in 2019.
This includes treatments for serious illnesses such as stroke, heart disease, liver and kidney related diseases, and cancer. Unfortunately, this means medical treatments and hospital care are becoming more and more unaffordable, making insurance become a needed product in our lives.
Why is Medical Insurance necessary in Malaysia?
A simple way to think about savings through a medical card is this: It allows you to prevent huge spendings in case of a medical emergency.
The average median of a Malaysian salary is RM2,250, and the average cost of treatment for coronary heart diseases is anywhere between RM15,000 to RM45,000 in private hospitals. To pay off the treatment, one has to work at least 7-12 months to afford it.
So Ask Yourself This:
How long would it take you to earn to pay off these treatments?
coronary heart disease: rm15,000 – rm45,000
open heart surgery: RM25,000 – RM80,000
CHEMOTHERAPY (PER CYCLE): RM50 – RM4,000
KIDNEY STONES (DEPENDING ON DIFFICULTY): RM9,000 – RM40,000
Knee replacement surgery: RM25,000 – RM80,000
SPINE SURGERY: RM40,000 – RM55,000
With how many years these treatments could take, it’s no small matter to consider getting on a medical plan. Most insurances or medical cards will not accept your application once you’ve already been diagnosed.
It is especially important if you’re in a risk group, which is why you should consider getting regular health screenings.
What does a Medical Insurance or Medical Card cover?
A medical card or medical insurance pays for treatment of medical disabilities that require surgical intervention and/or hospitalisation.
This includes major medical disabilities such as:
- Cardiovascular disease
- Kidney disease
- Abnormal Growth requiring Surgical Removal
- Any cancer with requirement of Surgery or Hospitalisation
- Chemotherapy, Radiotherapy
- Infections that require Hospitalisation
- Stroke or Brain Haemorrhage (Incl. Life Care support)
- Fractures requiring Fixation
- Ligamentous tears
To gain access to these protections and more, one must pay a yearly or monthly payment for the medical card; this is called a premium or in the case of Takaful, referred to as contribution.
While life insurance pays in the event of death, a medical card pays in the event of serious illness. Unfortunately, people with serious pre-existing conditions are restricted from getting a medical card.
What is the best option for Malaysians?
There is a suite of medical cards available on the market, with many going as high as RM400 /month for medical coverage of 3 million ringgits. However, these options can be pricey and if you’re looking for something affordable, you might be looking at RM200 per month for just ~RM400,000 coverage.
What if there was an alternative option that combined high coverage, with affordability, and also provided health-conscious lifestyle benefits? Here is one amazing offer on the market:
Introducing MediSaversVIP Prime, one of the best Healthcare products for anyone looking for long term, holistic protection against medical and hospitalisation costs. This card starts as low as RM110 per month, and is partnered with over 140+ panel hospitals all across Malaysia (East Malaysia included).
MediSaversVIP Prime membership program is able to provide, via Lonpac Berhad, up to RM1,500,000 per Medical Disability and up to RM500 in hospital room & board. Amazingly, there’s also no annual limit on how many times this amount will be provided, and no lifetime limit either! If you get another medical disability, up to another RM1,500,000 can be claimed for your hospitalisation & treatment of that illness as well.
The biggest benefit here is MediSaversVIP Prime covers multiple medical disabilities, and the total covered amount can increase if your needs (number of illnesses to be treated) have increased as well.
The benefits don’t end there as members can get preventative measures as benefits. Each membership program provides a yearly voucher for redeeming One Blood Screening Voucher and One Cancer Marker Test at any Malaysian Pathlab branch. That’s not all – members also receive 20% off selected Pathlab supplements.
How does MediSaversVIP Prime “Per Disability” system work?
MediSaversVIP Prime’s protection grows with your number of medical disabilities, so your needs will always be met at all times. This counts of for conditions that require hospitalisation and treatments.
If a MediSaversVIP Prime member is inflicted with 2 medical disabilities, they are entitled up to RM1.5 million for each of those disabilities – with no lifetime limit to the amount, or even annual limits.
Becoming a member will provide Exclusive Benefits
For those wishing to maintain a healthy body, MediSaversVIP Prime does come with additional benefits such as preventative care and supplement discounts at Pathlab. These exclusive benefits provide members with a yearly Cancer Marker Test, Blood Screening Tests, Dental Scaling & Polishing, and Family Rebate Up to RM400 and more.
There is also a Claims Management & Hospital Admission Support service which is available 24/7. Members can contact this team to get a smooth and comfortable process with their claims & hospital admission experience.
If you wish to learn more about MediSavers medical cards, you can request a free consultation from MediSavers Facebook page.
Important Disclaimer
Medical insurance under MediSaversVIP Prime is underwritten by Lonpac Insurance Berhad. Direct application will be submitted via Pathlab Health Management (M) Sdn Bhd, the corporate agency.
