To compare H&S insurance plans
/ medical card insurance plans in
Malaysia, please log on to
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Guide to Hospitalisation and Surgical Insurance in Malaysia
What is Hospitalization & Surgical (H&S) Insurance?
Provisions of Hospital Admissions
Additional H&S Insurance Benefits
List of H&S Insurance from Various Insurance Companies in Malaysia
Why do People Delay in Purchasing H&S Insurance
Frequently Asked Questions (FAQ)
How to Select Hospitalization & Surgical (H&S) Insurance in Malaysia
(also known as Medical & Health Insurance or Medical Card Insurance in Malaysia)
Types of H&S Insurance
H&S Insurance with Co-insurance
*Co-insurance means cost sharing between you and the insurance company. You need to pay a certain percentage of the medical bill (for example, 10%), and the rest will be paid by the insurance company.
Not all benefits covered are subjected to co-insurance. Benefits subjected to co-insurance vary widely among insurance companies.
Common benefits subjected to co-insurance include:
Hospital Supplies & Services
Intensive Care Unit
Day Care Benefit
Surgical Fees
Pre-hospitalization Treatment
Post-hospitalization Treatment
Home Nursing Care
Outpatient Cancer Treatment, etc.
Most H&S insurance with co-insurance are offered by life insurance companies.
Factors to consider:
What is the maximum cost of co-insurance you need to bear?
Is the maximum cost of co-insurance a big financial burden to you?
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Advantage:
Reduce ‘over-claim’ cases Since the policyholders are sharing a certain portion of the medical bill through co-insurance, the probability of ‘over-claim’ will be reduced. In the long run, both insurance companies and policyholders will benefit from it.
With the same amount of premium, H&S insurance with co-insurance usually gives you higher Annual Limit (for example RM60, 000) compared to those without co-insurance (for example RM40, 000).
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Disadvantage:
Co-insurance might become a financial burden The cost of co-insurance, for example RM1, 000, might be a financial burden to certain people.
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Note:
*Co-insurance and co-payment are two different things. Co-payment is the mandatory cost sharing of 20% of the total medical bills. You have to pay 20% of the total medical bill if you are warded to a hospital room which costs higher than your eligible benefit. For example, if the H&S insurance you purchased covers RM150 per day for a hospital room, but you choose to stay in a room which costs RM200 per day.
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For inquiries on various H&S insurance plans available in Malaysia, kindly email your name, handphone number and email address to us at MalaysiaInsuranceGuide@yahoo.com
You may also want to know about:
'H&S Insurance Without Co-insurance' -Click here
'H&S Insurance With Deductible' -Click here
'H&S Insurance Without Deductible' -Click here