Private Healthcare Insurance CoveragePersonal health insurance cover
Featuring a uniquely diverse mixture of a fast growing business community, breathtaking sandy shores, pulsating towns, a wealth of Malaysia, China, India and Europe cultures, it is no wonder Malaysia is a favourite destination for expatriates. When you are considering moving to Malaysia to work or study, one of the most important things to take care of is your medical insurance.
It is essential as an Expat that you are informed about the available expatriate healthcare schemes. These are some important points you need to know about healthcare benefits and insurance for expatriates in Malaysia before deciding on a plan: Malaysia does not have a domestic healthcare system as such, but it does have a system for subsidising healthcare reimbursement schemes.
Health care is managed by the Ministry of Health and financed collectively by the State, employer and population. Malaysia offers health care facilities in both private and private hospital and clinic facilities. Given that health care is inexpensive, hospital capacity is often high. Malaysia is the only country with access to the health care system, and the current situation is that the country has no mutual health policies with other states.
On the other side, private health care is costly and, as is to be expected, has some of the best institutions that offer personalised care to people. Expatriates in Malaysia have easy and fast acces to high level health care comparable to the advanced world. Expatriate health care in Malaysia, however, is much more costly as there is no expatriate scheme.
Entrance fees in the case of an operation, for example, are 30 million rubles for inhabitants and up to 1100 million rubles for migrants. In the case of motherhood, 15 million rubles are calculated for inhabitants and 800 million rubles for migrants. The Malaysian Ministry of Health states that treatment in state hospital and clinic facilities can be advantageous to a certain number of inhabitants who can either be exempted from their health care costs or significantly reduce them.
In order to receive the benefits, the individual is obliged to present either his social security certificate, his pension voucher or a certificate of entitlement from a governmental authority or university. expatriates staying in Malaysia annually for 182 consecutive calendar nights or more and meeting any of the above criteria are also eligible for the aid.
In order to close this loophole, the Malaysia authorities have launched a new system of tele-consultation to enable more rapid access to health care for inhabitants and expatriates living in remote areas who do not have specialized institutions. Information technologies are used to store and share patients' health files in order to save cost and effort for both patient and physician.
During 2011, the Malaysia authorities implemented a system of hospitalisation and operation insurance for overseas employees which makes it mandatory for overseas employees in Malaysia to take out health insurance, but the benefit of this system for long-term foreigners is restricted. Expatriates are supposed to cover the cost of health insurance, which provides them with a set amount of health insurance each year in state clinics.
This system includes a number of insurance vendors from which expatriates can select. Whilst insurance is usually offered by an employer, you may need your own supplementary insurance to ensure better coverage. Good insurance should include joint complaints, visits to the doctors, charges for hospitalisation and prescriptions. Due to the lack of expatriate insurance in Malaysia, it is best to opt for private insurance internationally.
Purchasing insurance internationally will provide more flexibility in service, a high coverage ratio (in some cases over $1 million), ease of renewal and enforcement of exclusion and pre-existing condition rules. Expatriate tariffs have recently skyrocketed because local healthcare is only available to inhabitants at reduced prices.
They should take out private insurance so that they can protect themselves and their families if necessary. Insurers provide a range of insurance products that differ according to the service they provide. Healtcard: No: No: It is a fundamental Directive which provides for hospitalisation and an additional payment for hospitalisation.
Serious illness insurance: Invalidity insurance: Hospital income insurance: Aside from the above, there are other guidelines that are covering various illnesses and treatment options. On the other hand, a combo of insurances that best suits you and your loved ones should be bought that completely covers all possible ailments. If you are thinking of moving to Malaysia, you now have the benefit of being able to make plans in advance and take out appropriate insurance.
Do your research well and select a schedule that will take good care of all your Malaysian health needs. When you are considering relocating to Malaysia, use this information to your benefit and reduce your cost of healthcare. Health Ministry, Government of Malaysia.