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Medical Top Up


I'm confused. What is the difference between a medical card and a top up card again?

Standalone medical top-up plans work on a cost-sharing basis where medical expenses, surgical and non-surgical fees, up to the deductible limit have to be borne by you, or your existing medical card.

Top-up plans intend to act as supplementary policies providing dual benefits of low cost and higher sum insured. Higher the deductible, the lower would be the corresponding premiums. This amount should not be more than what you, or your existing medical card can comfortably pay in case of an emergency.

Old age increases the chance of getting ill and medical emergencies therefore, such people may also opt for a top-up health insurance plan to enjoy a higher insurance cover.

Employed individuals may see a top-up health insurance plan as a supplement to their existing medical card, if they believe that the medical card provided by their employers are not sufficient.

 

Right on! So, what are some of top up plans available in the market right now?

There are 2 distinctive standalone medical top up insurance we found which will be suitable for different purposes.

  • Treatment in Singapore

With Singapore dollars strengthening against Malaysian ringgit, Malaysians have to think twice about daily expenditures, what more healthcare! Allianz Booster Care is your saving grace! It covers hospitalization benefits obtained in Singapore hotels, therefore, for Malaysians staying in Johor Bahru but have employment in Singapore can enjoy immense benefits from this product.

The Allianz Booster Care comes in five different plans to suit each customer's need and guarantees renewal up to the age of 80. Choose 5 different plans with deductibles as low as RM30,000 a year.

You may appreciate as-charged room and board which you cannot get from the top-up plans offered by other insurance companies. and claim up to an annual limit of RM200,000 and lifetime limit of RM1,000,000, regardless of your deductible level.

For instance, if you are a 35 year old male residing in Johor Bahru and you would want to obtain medical treatment in Singapore, and your existing medical card by your Singaporean employer covers you up to SGD30,000 Sum Insured or RM100,000 Sum Insured, an Allianz Booster Care policy with RM100,000 deductible will only set you back RM455.80 a year or roughly RM28.30 per month.

  • Value for Money

If seeking Singapore treatment is not your main priority, perhaps Tokio Marine’s Medic Plus Insurance may be just the right product for you. It is renewable till 100 years, and also has a high maximum entry age, so if you’re 65 years, you are still eligible to buy this product. This policy is subject to a deductible of RM10,000 per disability per year.

For instance, if you are a 35 year old male, and wish to stay a standard room at the rate of RM300 per night should you be hospitalized, you will only have to fork out RM222.60 for Plan MPB. You may claim up to an annual limit of RM100,000.

 

I'm really interested. Anything else I should know about a top up plan?

  1. One use of top-up health plans is to bridge the gap between existing policies and actual costs. The idea is not to duplicate but buy extra cover at a reasonable cost. So, do ask yourself what benefits would you’d be concerned most. Exclusions of certain benefits such as day care and dental treatment will not make a big difference as they will be taken care of by your existing medical card.

  2. Did you know that Malaysian medical inflation ran at 16.1% in 2016? Yes, getting sick is becoming more and more expensive, so get adequately covered today!

 

Interested in purchasing these products? Let us know and we will help you obtain the appropriate insurance!


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