My friend ask me to buy Pru Health

Recently approached by a friend to buy pru health insurance. So I better do some research 1st.

5 Things to Look Out For When Buying Medical Cards
1) Exclusions

Many medical cards do not pay for many chronic diseases in the first year and many cards do not pay for pre-existing medical conditions. Most cards only provide in-patient services and exclude outpatient services.

2) Guaranteed Renewal
Some medical cards are yearly renewable, while others normally offer guaranteed renewal up to a lifetime limit.

3) Co-Insurance
Some medical cards also practise co-insurance, meaning that you'll have to pay a certain amount of the medical fees, normally at 10% - 20% of the total medical fees incurred, while the balance will be paid by the insurance company.

4) Cashless
There are also some medical cards which are cashless medical cards. As a policyholder of this kind of cashless medical cards, just present the card at any participating hospital to facilitate your hospital admission. You do not need to worry about preparing and submitting claims as all expenses under the medical card will be paid directly to the hospitals. However, this kind of medical cards are becoming less available due to misuse and very high claim rate.
5) Participating Hospitals
Depending on the insurance companies, the number of participating hospitals varies. Choosing a medical card with more participating hospitals benefits you better, as you will have more choices in time of emergency.

Current Health Insurances That I have:

AIA Excel Care Plus (RM 100)

1 comments:

You forgotten to take into account:

1) Annual Limit
2) Lifetime Limit

I've just upgraded my AIA medical card by adding MediCare Plus (MCP), which provided no lifetime limit.