Apply Comprehensive Family Medical Protection Plan Malaysia￼
The need to have future protection for yourself is key to ensure that you don’t burn a hole to pay for the unexpected that might happen in the future. Ranging from insurance for kids to a comprehensive family medical protection plan Malaysia, there is always an insurance plan for everybody. It is always better to be safe than sorry when it comes to investing in something that would benefit us in the future.
Understand what health and medical insurances are
It’s true that each of these items serves a similar function, but they’re otherwise rather unlike. Depending on one’s specific medical needs, one must carefully pick between the two options presented here.
Hospitalization, pre- and post-discharge care, ambulance fees, and room and board are all often covered by health insurance policies. It’s important to note that health insurance policies cover much more than just medical care.
When opposed to health insurance, medical insurance covers fewer costs. To be reimbursed by health insurance, a patient must spend at least 24 hours in a hospital. It offers coverage for a set number of diseases and injuries at a fixed rate.
The main differences between health and medical insurance
Health insurance plans often include protection for a wide range of medical expenses, including hospitalization, critical illness, preventative care, emergency transportation, and more; whereas medical insurance typically covers hospital stays of at least 24 hours, as well as treatment for certain illnesses and costs. Only medically necessary expenditures associated with hospitalization are covered.
For health insurance, in the case of critical illness, specialized illness insurance, and so on, payment is either made in a flat sum to the policyholder or made directly to the hospital. However, for medical insurance, the cashless method eliminates the need for manual handling of payments by both the policyholder and the hospital. Also, there are no specific illness policies or critical illnesses mentioned for medical insurance.
Availing benefits and number of claims
By getting health insurance, you don’t need to check into a hospital to receive insurance benefits, and typically only one claim is filed, as in the case of critical sickness payouts. For medical insurance, on the other hand, hospitalization is required to use health insurance and medical insurance also allows for an unlimited number of claims up to the policy maximum.
The importance of having family insurance
Here is a list of benefits as to why it is important to get family insurance:
Protects everyone in the household
Family health insurance policies protect an entire household against medical expenses. All eligible family members (spouse, children, parents, and in-laws) can be included in the policy. The truth is that there are policies that will cover your whole family. Therefore, family medical insurance policies cover everyone in the family under one policy. Additionally, they permit parents who require inexpensive health insurance to purchase it.
Maximum protection is provided to all members
Any sick family member can access the full amount of the policy’s coverage. Therefore, if you select a sufficient sum insured, each member of your family will be fully protected.
The addition of new members is simple
It’s easy to include new family members on a family floater plan. If you have a kid within the policy’s coverage period, the policy’s terms and conditions may allow you to begin using the policy to cover the child immediately. Make a request to your insurance provider and pay the required additional payment to add your child to your policy.