Oct 25 2023, 06:20 PM
QUOTE(RavagerX @ Oct 25 2023, 10:26 AM)
I just found a new job offer. However I am concerned on the medical coverage benefit offered by the company
Current:
Policy quoted in USD as they dont have business entity in Malaysia. Almost all illnesses and surgery fully covered by the policy. No limit that I know of
Medical checkup covered up to 1K USD
Dental up to 2K USD
Glasses covered up to 400USD + eye exam covered
Everything either direct billed to insurance provider or pay+claim.
New offer:
Everything quoted in MYR, follow local business policy
Medical
See specialist only up to 1.8k MYR
60k annually if hospitalized/surgery
Medical checkup covered up to 500 MYR
Dental + optics total only 1k MYR
As you can see, the medical and benefits side dropped a lot, I am trading this benefit for a 20% salary increase + slightly higher AL....is this a wise decision?
I do not like my current job anymore aside from this medical benefit it offered so I do look forward to the new job actually.
This year, I spent almost RM 7k in private hospital trips due to health issue and multiple follow ups, but this is an unknown factor on how many more health checks gonna happen in a new year.
Just give you a scenario for you to decide. Ppl buy medical card policy for unforeseen event. You don't buy with the expectation to utilize the millions limit in your medical card. If you really need to use until that much, life basically already has no more meaning. Similarly ,even if the medical benefits drop, ask yourself do you really need to maximize / utilize this limits annually ? I rather hope I'm healthy & do not required to utilize this benefits. Current:
Policy quoted in USD as they dont have business entity in Malaysia. Almost all illnesses and surgery fully covered by the policy. No limit that I know of
Medical checkup covered up to 1K USD
Dental up to 2K USD
Glasses covered up to 400USD + eye exam covered
Everything either direct billed to insurance provider or pay+claim.
New offer:
Everything quoted in MYR, follow local business policy
Medical
See specialist only up to 1.8k MYR
60k annually if hospitalized/surgery
Medical checkup covered up to 500 MYR
Dental + optics total only 1k MYR
As you can see, the medical and benefits side dropped a lot, I am trading this benefit for a 20% salary increase + slightly higher AL....is this a wise decision?
I do not like my current job anymore aside from this medical benefit it offered so I do look forward to the new job actually.
This year, I spent almost RM 7k in private hospital trips due to health issue and multiple follow ups, but this is an unknown factor on how many more health checks gonna happen in a new year.
Focus on current, don't too focus future (probability) issue, which may not even going to happen. Insurance agent will be happy if the world got more ppl like you.
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