1 GUARANTEE RENEWAL WITH LIFE-TIME LIMIT vs YEARLY RENEWAL
- Some insurance policies must be updated every year! However, when you buy, you must decide is to ensure that updates to a certain year! Otherwise, if you suffer from any of 36 kinds of disease or your medical expenses have exceeded ANNUAL LIMIT, then you can not update your medical insurance policy. Remember! Therefore, the time of purchase, select the update to the medical card, the year the longer the better! (If want to know how to buy guarantee renewal insurance, can email kee1977@yahoo.com)
2. CASHLESS vs PAY-FIRST-CLAIM-LATER/REIMBURSEMENT
- You can view the policy, if you have any unfortunately suffer from any disease, medical expenses you must pay after CLAIM, or directly by the hospitals and insurance companies to contact. Remember, CASHLESS are better than REIMBURSEMENT
3. INITIAL WAITING PERIOD
- You must know the diseases WAITING PERIOD period is long, most of the 60 days, 180 days, but some are 30 days.
- INITIAL WAITING PERIOD shorter, the faster you get insurance policies
4. CLAIM AMOUNT BASED ON ANNUAL LIMIT PER DISABILITY OR OVERALL ANNUAL LIMIT
- So that the customer confusion that often STATEMENT. CLAIM BASED ON PER DISABILITY each disease is the highest compensation. CLAIM BASED ON ANNUAL LIMIT is based on the annual compensation for the highest reward (no matter what the disease)
- Example, if a patient needs heart surgery, is needed more than about 50,000 ringgit. If it is based on the policy only BASED ON ANNUALLIMIT 50,000 per annum, then the rest of the medical expenses, patients need their own pay. But if it is BASED ON PER DISABILITY, then, the patient can be obtained under the policy of the LIMIT to compensation.
5. AS CHARGED OR SET AMOUNT BASED ON SURGICAL SCHEDULE
- AS CHARGED is that according to medical expenses, and must comply ANNUAL LIMIT PER DISABILITY LIMIT
- SET AMOUNT mean how much reward is the highest pay, for example, if an organ transplant, the insurance company only paid 10,000 for written contract.
- It is best to choose the policy more AS CHARGED, because medical costs rising, many are not sure will happen.
6. PRE-EXISTING CONDITIONS
- Some insurance companies have set up these conditions, if customers have any diseases, then these situations the insurance company will need more time to determine whether the underwriting.
- Some
companies will take 6-12 months or even longer, and even some insurance
companies do not cover your pre-existing conditions.
7. SPECIFIC DISEASES DURING FIRST POLICY YEAR
- When you want to buy any medicine card, you must know what the disease is no longer insured in the first year inside.
8. PANEL HOSPITAL vs NON-PANEL HOSPITAL
- Some cards have their own medical doctors and hospitals, when you have times of emergency, do not need to deposit. My conclusion is, and your agent to get the latest PANEL HOSPITAL list, and, with the most PANEL HOSPITAL insurance companies is more better.
9. GRACE PERIOD FOR PAYING RENEWAL PREMIUM
- Some insurance companies give 30-day accommodation period, in other words, if the policy within 30 days after the expiration of any search reward, the insurance company is acceptable!
- But some insurance companies only 14 days, then the customer must be paid within 14 days PREMIUM, or else the insurance company will not made any compensation.
10. MANAGED-CARE ORGANISATIONS (MCO) vs INSURANCES COMPANIES
- MCO is a company providing medical card, not insurance companies, not subject to state banking regulation. For example, MCA medicine cards, SOS medical card (which has closed down) like the company. My advice is best not to buy such companies, although more expensive, but unstable and cannot claim sometime due to certain situation.
11. UPGRADE / CHANGE POLICY CLAUSE
- Some insurance companies accept medical cards to improve your LIMIT, but some do not want to give you a raise.
12. COST SHARING / CO-INSURANCE
- Now, most companies are based in such a way to sell medical card, insurance customer must bear 10% of medical expenses, but some insurance company such as prudential will return it back the medical expenses and deposit with cheque within 2 weeks times.
