Any contributions during the month only start earnings dividend/interest on the last day of that month.
Irrespective the actual day the monthly contribution is deposited.
Thereon, dividend earning/interest is calculated daily based on your account balances.

For withdrawal, dividend for the withdrawal sum is only eligible up to the day prior to withdrawal day. No dividend will be given on the withdrawal day.

In a way, dividend/interest calculation is similar like a normal banking saving account for the withdrawal part.
But for deposit, the balance is only effective at the end of the month of deposit. Thereon, it is calculated based on daily based on your balances.

At the end of the calendar year, the dividend earned will be credited to your account balance and will be parted of your next year dividend/interest calculation.

Due to insurance 🤦‍♀️ because the private hospital upfront will buy insurance to cover their costs before passing it down to the patients who used their insurance for their bills

Hmmm... people who earn more get lesser return, and people who earn lesser get more return.
Isn't this whole 'Tier' thing is similar to Communisms?

Funny thing is...certain group of people Hari Hari scream Komunis...but don't even understand what is Komunis. Then demand same benefits as Komunis. Really top kek Komunis.

Shouldn't punish t20 for earning more. It is bcoz b40 and m40 cant earn extra due to certain reasons... Lolz..

Not all can't earn. Some choose not to earn even if possible.
In a small business for example, some choose to open from morning till night but some choose to open only during breakfast time then close shop. And yet some choose to open only when need money, otherwise don't open shop for few days.
In corporate world, some choose to push them self hard. some just want to remain doing repetiative jobs even with a degree/diploma. I've seen a lot.
Those no hand, no leg I can understand but still some are owners of listed company better than with hand and leg

thank for justification, i had checked the interest on my 2022 which the amount is match upto a split cent.

bruh if you dont know you can try keep silent for once
no need simply hantam on everything

Worse came out with some incoherent reasoning insurance paying patients have higher bills
because hospital bought upfront insurance cover costs for them. when they come load it to their bills!
Ridiculous.

There is no such thing as hospitals buying insurance to cover their costs at all.

Hospitals buy equipment with warranty, just pay a little extra get extended warranty.
No such thing as buying insurance to cover its cost.

Hospitals buy fire insurance for fire protection,

indemnity insurance cover for litigations.

So what rubbish insurance to cover costs are you talking there?

Private hospital bills are high because every damn thing you pay, the nice environment, the redundant staffs etc
sometimes things you didnt use also pay full or even more, no subsidy. most things disposable no need wash you pay lah.
Doing more tests just to be safe not missing out something etc.
complication arises refer to every consultant do more tests you pay lah.

.

Malay has saying called kais pagi, makan pagi. kais petang makan petang

If they strive to work harder, everyone will be prosper.

Do you know what is managed healthcare 🤦‍♀️ most private hospitals in the world buys it 🤦‍♀️ so don’t simply talk when don’t you even know that hospitals buy such insurance to manage their business risks if anything goes wrong particularly lawsuits from patient 🤦‍♀️

ini betul

Rubbish!!

With managed healthcare, hospitals dont buy, hospitals are paid to treat patients

With managed care you dont pay hospitals,
hospitals also dont charge into your private insurance

hospitals are paid by MHO a fixed amount for that treatment.

In Malaysia, tell me which private hospital charge your private insurance lower than its costs?

Bodoh!
Buy what rubbish insurance to cover cost?

you dont talk lawsuit with incoherent thoughts like that,



just stop your pathological facepalm addiction 🤦‍♀️

and stop that urge to comment on every post. 🤦‍♀️

i think this is his main problem. maybe he should learn to comment only when he needs to add something of value.

this is identical to "working from paycheck to paycheck" in england

if hospital buy insurance to cover cost already, we should all be getting free treatment.

EPF thread always run topic - now run to insurance.

Finance Ministry: Almost RM1b approved for EPF Account 2 support facility as at June 11

A total of RM878.6 million involved the FSA facility under MBSB Bank Bhd and the remaining RM103.3 million was under Bank Simpanan Nasional, it said.

“A total of 168,925 contributors applied for the FSA2, but only 88,414 applicants were eligible and of this number, 47,696 agreed to accept the funding offer,” said the ministry.

Applications for the FSA2 Phase 1, which opened on April 7, 2023, will close on April 6, 2024.

https://www.malaymail.com/news/malaysia/202...t-june-11/75733

Good News

FSA2 for Below 40yo is expected to open for application Around August onwards - Says EPF CEO

https://www.freemalaysiatoday.com/category/...-kata-ceo-kwsp/

yeah better quickly root back to EPF after running away a bit
else, mod might move thread to kopitiam
habis then.

maybe EPF should start buying insurance coverage for all its members (of course it won't be free, but again this will be a case where everyone gets the same group insurance coverage) and reduce the burden of government hospital. Because it is a insurance, one can get treatment from private hospital too.

There, this idea is better than what DAP wanted EPF to do to pay for government hospital expenses.

Of course must have minimum conditions. To be entitled to this coverage, EPF balance must be minimum 60K rm.