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 Medical card: how to increase annual limit?

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roystevenung
post Oct 14 2013, 04:46 PM

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Even though the card is from GE and not Prudential, I do not encourage you to cancel.

If the old card is not able to be upgraded then you can add on by buying another medical card. If at all possible, never cancel a medical card to get a new one.

1. Older cards have better terms, for example older cards covers for cancer and kidney dialysis 1. Take home drugs, 2. Long term meds, 3. consultation charges (you may want to recheck on this to clarify)

2. There is much lesser EXCLUSIONS from the old card vs the new one. For example older medical cards covers implants. Pacemaker costs RM45K and newer medical cards even though gives you Unlimited bla bla bla, does not cover this!

3. Since the policy is from 2002, the agents do not earn any commission, and the premium allocation rate is now 100% into buying you units in order to generate cash values.

Your best bet now would be to go to GE or call their customer hotline for whether you are able to upgrade but at the same time maintaining the old terms and conditions.

Do note when it comes to upgrading, your policy no is being retained.

Only when the upgrading fails, you can start to search for additional medical card.

This post has been edited by roystevenung: Oct 14 2013, 04:49 PM
roystevenung
post Oct 14 2013, 05:38 PM

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QUOTE(nxtpg @ Oct 14 2013, 05:27 PM)
thank you. really a clear explanation. 
on the upgrading part, just afraid they will cancel this card and give another or perhaps not ...

as for prudential, what is the recommended medical card and coverage?
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Yes, be wary of unscrupulous agents who are out there just for the commission.

Suppose your current policy costs Rm150 per month and upgrading it to a more current one costs an additional of Rm 100, the agent only earns Rm100 block of business.

However, if he/she were to somehow cancel the old card and get a new one, he or she earns Rm250 pm block of business, while your policy cash values will start from 40% (depending on the allocation rate).

Not to mention the waiting period of 120 days for specified illness starts all over again for a new policy.

With all due respect, go talk to GE agent or counter on the upgrading and if that fails, only start looking for alternatives.

If not mistaken, (Correct me if I am wrong) older policies from GE has limit on Cancer treatment and kidney dialysis (< Rm50k?)
roystevenung
post Oct 14 2013, 05:55 PM

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QUOTE(nxtpg @ Oct 14 2013, 05:46 PM)
50k?

mine is as below

out patient cancer treatment rm15k only
out patient kidney dialysis    rm15k
emergency accident out patient rm3k
room n board rm150
overal lifetime limit rm150k
looks pretty low ...too low
*
Yes, that's sounds about right. So please consult GE on the upgrading. notworthy.gif
roystevenung
post Oct 14 2013, 06:30 PM

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QUOTE(ExpZero @ Oct 14 2013, 06:02 PM)
If your agent is still servicing you and you are happy with his service, it's always recommended to upgrade from your previous policy. Else you can pm me as I'm from Great eastern, I can help you for your policy upgrade without charges in your previous policy.

Apart from your annual limit, it's recommended for you to upgrade your medical card due to the your IL Health Protector have Cancer and Kidney Dialysis limitation of RM15,000 yearly. This is definitely the weak point in previous medical card as nowadays Kidney Dialysis could easily reach RM30,000 yearly nowadays, not to mention 20 years down the road. The new GE medical card has no additional limitation on Kidney Dialysis and Cancer Chemotherapy.

It's recommended you to upgrade from the same company to preserve your waiting period. You have been owning your card for several years, when unfortunate happens, you wouldn't want the company to investigate the cause of your illness wouldn't you? By upgrading from the same company, your future claim will be smooth as you have been holding the card for a long period. Else, there might be a possibility of claim decline if you make claim from other company's new medical card within first few years.
I suppose Prudential is unable to upgrade medical from existing policy but have to bought a new one if you would like to upgrade to a superior packag? I have once called over to Prudential Careline and this is the answer I got. This is because one of my client in Prudential has been told by the agent to buy a new policy in order to upgrade the medical card. Hope to get the clarification from you.
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It depends on whether there had been prior claims and whether the client is being offered for upgrading (due to exclusions of the policy). Best to get the customer to call to customer service to inquire on whether he/she is eligible for the upgrade.
roystevenung
post Oct 14 2013, 06:52 PM

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QUOTE(ExpZert 14 2013 @ 06:41 PM)
He is healthy and no prior claims. He called to Prudential Careline and the operator told him, he is not able to upgrade medical card to better plan but able to upgrade to same room&board. I'm puzzle for this issue as well because i'm not sure how Prudential actually works.

He isn't sure whether he is being offered by Prudential for upgrade(as he is not getting any letter/call from Prudential to upgrade). But he is currently offering Prudential to upgrade his policy by calling to Customer Service but is told to get a new policy.

Is there really exist such issue? If yes, then how do the client upgrade it without buying a new policy?
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If he is able to be upgraded to the same room and board, that means there is something in the policy that prevents him from upgrading higher, be it a minor claim or it comes with some small exclusion.

Only the agent or the client himself is able to check such details.
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