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Choosing a plan in 馃拪 馃拤 health (medical) insurance marketplace - why it's hard - YouTube
Channel: CF Lieu Channel
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>> Hey buddy old pal.
Today I'm going to tell you
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why you suck
when it comes to choosing
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to buy the best medical card or
medical insurance for yourself.
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All right people.
The reason you suck is not
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because you are not smart
is just because you.
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Are not in the position to make
a fair and informed comparison.
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Let me show you
what I mean by this.
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Now first thing you know
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that there's a lot of room
and board options
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that you need to choose
to know now at least here
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at least there are
six common options
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when it comes to room & board
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So of course you and you
choose a room and board
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which is higher
naturally cost more.
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Now the second thing is comes
to Basic to VIP range
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what I mean by that is
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that you want to have ready
to have a medical card
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with your medical expenses
in Malaysia
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or you want a medical card
which cover medical expenses
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when you are hospitalized
overseas
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For example in Singapore.
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And they will reimburse you
the medical expense
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due to an admission
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in in whatever reasonable
and customary rate
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in Singapore
kind of prescribed rate
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instead of Malaysian
prescribed rate.
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So what we call a basic
and a VIP rate
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so you need to choose
between that.
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Although a lot of people will
fall within the first category
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if you really don't have not
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that frequent travel
overseas to Singapore.
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Oh that. Now the third thing
is about co insurance.
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Very easy. You have to choose
whether you want co insurance
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or don't want co insurance.
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And the next thing
is you have to choose
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sometimes a product
Medical Card product
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who are option
between having a deductible
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or not having a deductible
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and whether the deductible
you want to keep or convert it
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to zero deductible at age
55 or 60.
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So again another option
for you to choose
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and the fifth one the more
common most common one is
annual limit.
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You could have you could
buy plain Medical
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card with for example a normal
hundred thousand of annual
limit.
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Or you could actually say
that I went to top up to this
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annual limit would be
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extended annual limit which is
ten times
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more than what would
the plain normally entitled to.
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So you can see that
with all these
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5 aspects to consider
is it room
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and board you have six choices
to choose for product range.
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You have two choices
to choose from
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and same goes for co insurance
deductible and annual limit
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So can you imagine
these kinds of options
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is only
for one insurance company.
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Imagine that and you have
to compare at least three
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or more insurance company
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with all these options
for you to mix and match
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and you must have you
must understand
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you must pick and customize it
so that each shoosh
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fits into your budget
or your family budget.
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And if you are paying for more
than one person you know
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that you have to do the whole
process again and again.
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So that is why.
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I shall prove to you that
for example Allianz
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Allianz they have at least
right 3 range of medical cards
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Right. And they have these
two range ones
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covers medical expenses
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in in Malaysia Malaysian
medical procedures.
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And the other covers medical
expenses in Singapore prescribe
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medical expenses right.
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So you see that
one insurance company
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that Schriefer will choose from.
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Look at Great Eastern
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and you know
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that they are already 3
this health protection
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you have these Smart Medic,
Smart Medic Extra
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Premier Health visits to 3
range
of medical costs
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and you can have a top up like
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Smart Extender, Smart
Extender Max and all that.
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So there's a lot of these kind
of variables come together
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and that is why medical card
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is one of the most of them
most the most Knesset's.
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For you to buy.
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But at the same time
it's one of the most complex
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when it comes to customizing one
for you and yourself
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and if you want
to buy you know normal life
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or even critical
illness coverage
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or even saving plans I know
that that's not so complicated
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because the only thing
you have to consider
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is basically the price
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OK between
different insurance company
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because death
is death market life.
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Correct. Basically you die
you get paid critical illness
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if you hit by any of the thirty
six illnesses then you got paid.
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So the only thing you can pay
is not too much of a coverage.
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But more on the price but when
it comes to medical attention
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and medical card
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there's this a lot
of variables to consider.
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So before we wrap this
we do you might ask what yes.
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What are my options.
How do I go about it.
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So I would actually advice
before you look at this.
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Actually I'm trying on your own.
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OK get some quotes
from insurance agent
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and all that but end of the day
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you might only hear the good
things about certain products
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but not definitely not the bad
thing about certain products.
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And it's up to you to find out
on your own. Right.
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So if but if you are lack of
time you need someone
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or some adviser
you need an adviser
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to get you through
this process of choosing
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then you could actually
go to AskCF dot com
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if you get to a point
when you're frustrated.
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Go to Askcf dot com.
And this is where we can got you
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to choose the most suitable
for you.
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Right Badgett the right features
what you're looking for
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and get some independent
second opinion views
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So with that being said
if you like videos lessons
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like this do subscribe above
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or below this video click
on the link or the button.
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And I'll be hitting you more me
more informative lessons
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just like this.
OK this is CF Lieu from
AskCF.com
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I will see you in the next
lesson
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