My medical insurance increased by 30% monthly.
There is an option to maintain current or agree to increase.
Asked my agent what happens if maintain and her reply,
- No reduce in benefit
- will shorten sustainability of policy with insurance charge pricing

then i asked 'sustainability' means what? how much shorten?

no answer.

Yes it's good. That's why I bought it in the first place and stick to it for 23 years. But the premium eventually increased beyond what I expect it to, that's why I stop and have to surrender the policy.
If the price is maintain or with a 5-10 increment each time, it would have been fine but no, it's way more than that. If it happens before, what is the percentage of increment will I be charged in the future? That's what bugged me
and figure out at one point I will just have to give it up prematurely, so I minus well just give it up now.

Just look at the main post increment. Hers is a 25% increase.

This post has been edited by Capt. Marble: May 7 2024, 12:12 PM

No choice.

Malaysia has the highest rate of increase in medical costs in Asia-pac in 2023.
Second highest for 2024.

A key reason cited by the study is our Ringgit laosai: https://www.wtwco.com/en-za/insights/2023/1...l-trends-survey

Gomen hospital kan ada

Depopz is already happening now.... insurance company feel the pain... so price must increase...

if your leg is already in the shiet... does it even matter to hose clean the other leg not in the shiet?... you know what you've done to your body when you have made the decision to take it!...

Go ask insurance company how many pepolz are falling ill and die nowadays compared to precovid!...

and prubsn already increase their product price last few months no?
fucuk la said medical cost increase, but coverage is the same, you think people like pay more but the value offered are the same (probably worse because people said harder to claim now).

Why didn't downgrade to copay or coinsurance kind of medical card? The savings like quite substantial leh.

There were no downgrade options given to me from my policy, basically asking me to continue pay or surrender the policy. Unlike car insurance which comes with NCB discount, this one tobalik.

This post has been edited by Capt. Marble: May 7 2024, 12:18 PM

Medical insurance right? Confirm no co-payment type ?

like this, i won't be looking at renewing.

this will be 1st and last year taking medical-related insurance.

I don't remember having a co-payment type.

So you’re going to self insured or go government hospital?

i never believe in buying insurance.
the whole premise is rotten. other then denying outright fraud, there shouldn't be condition at all. either cover any outcome or don't sell at all.
to me, the industry exists simply to fatten the players.

i already told my wife long before; if aedical emergency happens and it requires a load some of own money, just let me die, don't waste money that otherwise can be spent on the children's future and hers.

This post has been edited by Oltromen Ripot: May 7 2024, 12:38 PM

What happened if it’s your wife or children who need medical?

nasib lah.

cannot sacrifice everyone for the benefit of single.

You married with children?

Ini semua salah government because didn’t put much effort to protect our currency. Besides that, R&D still not good enough and have to import drugs and medical equipments from other countries.

I guess lack of new doctors now also a factor driving up existing doctors pay and reducing competition.

Kerajaan Gagal

You tell me how to protect?

Raise interest rates until match or higher than US?