Many people buy medical card but never upgrade their medical card from time to time. Reason is because they are not aware about necessity to upgrade their medical card. A lot of people think as long as they have a medical card, it is enough.
Today let me share with all of you the importance of upgrading medical card regularly from time to time according to your affordability. Medical card taken five, ten or more years ago in general provide smaller limit and benefits compare to medical card offer by insurance company in presence. Reason is insurance company continue to improve the benefits of medical card and also increase the limit in order to meet the needs of policyholders from time to time.
They are few reasons why insurance company continue to improve medical card offered to policy holders.
1) Increase of medical treatment bill because of inflation in medication. Expert forecast 15% inflation on prices of medicine every year.
2) Increase of medical bill because hospital use new technologies or new equipments in treatment, this indirectly increase the treatment bill that have to be born by patient.
3) Human life expectancy has gradually increase. More and more people can live above age 70 or 80. In the past, medical card normally cover up to age 60 or 70. Today a lot of insurance companies already offer medical card that cover till age 80 or 100.
Due to the above few reasons, it is very important for everyone to upgrade his/her medical card especially those taken more than 10 years ago. What you can do is review your policy every 5 or 10 years and make some improvement if you are still healthy and qualified to do so. Never ignore this because old version of medical card is very lightly not able to cope or cover many of the major operations cost today and that might caused you some very serious financial issue.
In conclusion, beside upgrading your house, car or your lifestyles, do make sure you upgrade your medical card as it is equally important. Never ignore this because your ignorance today might resulted in some serious financial issue in future. Depending on age, with additional RM50 or RM100, you already can upgrade your medical card. So, stop procrastinating and take immediate action now.
Today let me share with all of you the importance of upgrading medical card regularly from time to time according to your affordability. Medical card taken five, ten or more years ago in general provide smaller limit and benefits compare to medical card offer by insurance company in presence. Reason is insurance company continue to improve the benefits of medical card and also increase the limit in order to meet the needs of policyholders from time to time.
They are few reasons why insurance company continue to improve medical card offered to policy holders.
1) Increase of medical treatment bill because of inflation in medication. Expert forecast 15% inflation on prices of medicine every year.
2) Increase of medical bill because hospital use new technologies or new equipments in treatment, this indirectly increase the treatment bill that have to be born by patient.
3) Human life expectancy has gradually increase. More and more people can live above age 70 or 80. In the past, medical card normally cover up to age 60 or 70. Today a lot of insurance companies already offer medical card that cover till age 80 or 100.
Due to the above few reasons, it is very important for everyone to upgrade his/her medical card especially those taken more than 10 years ago. What you can do is review your policy every 5 or 10 years and make some improvement if you are still healthy and qualified to do so. Never ignore this because old version of medical card is very lightly not able to cope or cover many of the major operations cost today and that might caused you some very serious financial issue.
In conclusion, beside upgrading your house, car or your lifestyles, do make sure you upgrade your medical card as it is equally important. Never ignore this because your ignorance today might resulted in some serious financial issue in future. Depending on age, with additional RM50 or RM100, you already can upgrade your medical card. So, stop procrastinating and take immediate action now.
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