The two main ways we typically get medical insurance protection here in Malaysia are:-
1. Through your employer’s group medical insurance plan.
2. Through an individual medical insurance plan.
Like some people, you presently may have a medical insurance policy through your employer (or your spouse’s employer).
If so, that’s great. You’re very lucky. Many people simply don’t have this privilege.
Your employer may offer you only one medical insurance plan or a choice of several plans, such as on a claim basis, through a health maintenance organization (HMO), or a direct insurance provider.
While the employers that have less than 25 workers aren’t required by federal law to offer their employees any health insurance plans, many of them do so as an added-value for their staff. And, if you’re really lucky, then your employer may even pay 100% of your premiums.
Group plans are not only cheaper than individual plans, but many of them also let you choose from a range of services. You don’t have to pay for coverage you don’t need or want. Also, you’re automatically eligible for coverage and can’t be dropped or charged more because you have more claims than other members.
If your employer has a group medical insurance plan and you haven’t joined, then I suggest you do so right away, especially now that you understand the importance of having medical insurance protection for your family.
Let me now explain to you…
Why You Still Need More Medical Insurance Protection Even If…
You Already Have Medical Insurance Through The Company!
The major drawback with your employer’s group medical insurance plan, like most group plans, is that the amount of medical insurance protection may not be enough to cover your family adequately.
Your employer’s medical insurance plan may cover you only for certain medical procedures or expenses. So, the services you need the most may not be covered.
Perhaps you’re going through a major life change, such as getting married (or divorce), having or adopting a child, changing job, retiring from work, and so on.
After you find out which medical services your group plan doesn’t cover you and your loved ones, consider getting an individual medical policy to cover the shortage.
Well, like many people, perhaps you aren’t fortunate enough to join a group medical insurance plan or if your present group plan doesn’t cover your family adequately, then you can buy an individual policy.
Unfortunately, unlike buying a piece of furniture or an appliance, buying the right medical insurance plan for your family can be quite challenging.
Without examining your situation in detail, it’s difficult for me to tell you which type of health insurance is the best for you. So, that is one of the main reasons I offer a FREE, No-Risk And No-Obligation Medical Insurance Analysis, which will let you know which type of medical insurance is best for your family.
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