One of the most important things you should take into consideration when buying a medical insurance package is its list of accepted panel hospitals.
What Are Panel Hospitals?
Panel hospitals may sound like they have something to do with judges, but they actually don’t! Panel hospitals are what insurance companies call the hospitals who have struck an agreement to accept their medical cards. Basically, panel hospitals that partner with your insurance provider are able to consent and submit your insurance claim to your insurer as long as you provide them your medical card.
What If You Don’t Get Admitted to a Panel Hospital?
Sometimes, the hospital you get admitted to is something out of your control, such as if you’re unconscious after being involved in an accident. Don’t worry, you’ll still get treated! However, your insurance claim will be a little more complicated if the hospital isn’t a panel hospital, since there won’t be a prior agreement with your insurance company. This is why getting a medical insurance with the widest possible coverage of panel hospitals is a wise choice – as long as it’s within your budget, of course!
Insurers With High Coverage
There are many insurance providers in Malaysia for you to choose from, but here are a few household names for you to get started!
Allianz has nearly 200 panel hospitals including its panel hospitals within the Asia Pacific region, making it one of the insurers with the widest panel hospital coverage right now. Around half that number are panel hospitals in Malaysia. This way, you’ll be covered as long as you’re within Asia Pacific, not just in Malaysia! Better yet, you can expect flexibility in payment (cashless or non-cashless), emergency accidental out-patient treatment, plus a daily cash allowance at government hospitals.
Pacific Insurance also has slightly more than 100 panel hospitals, standing at 102 hospitals as of 2016. Some of its feature highlights include a daily cash allowance like Allianz, no guaranteed renewal, and home nursing.
Great Eastern insurance is also quickly approaching the big 1-0-0, with 89 panel hospitals as of late 2017. It also offers several perks such as 24-hour medical assistance, opinion services from medical specialists from America, and discounts on your premium when you refer your family members to sign up with Great Eastern.