How To Plan For Rising Healthcare Costs In Malaysia?

How To Plan For Rising Healthcare Costs In Malaysia

In 2020, Malaysians ended up paying much of their medical expenses out of pocket (RM23.1 billion to be exact!) despite having access to government health services.

Soaring treatment costs highlight the need for young adults to have a good medical plan as soon as possible to avoid financial worries due to illness. You might say to yourself:I don’t need medical protection. I am still young and healthy.

Well, think of it this way, you might be able to afford to pay RM50 when seeing a doctor at a private clinic or RM200 for a specialist consultation. But what if you have to pay RM4,000 to RM20,000 for medical treatment or surgery?

How much does medical treatment cost in Malaysia today? Here is the average cost of these common treatments.

  • Angiography: RM15,000 – RM45,000
  • Kidney stone surgery: RM9,000 – RM40,000
  • Knee replacement surgery: RM25,000 – RM80,000
  • Spine surgery: RM40,000 – RM55,000

Source: The center

With the cost of medical treatment expected to rise in 2022 and beyond, can you afford to meet medical costs in the next 5, 10 or 20 years?

And with medical inflation occurring at double-digit rates over the past few years, you can expect health care and treatment costs to rise significantly.

So even if you have a medical protection plan today that can cover necessary costs, it may not be enough to cover your medical costs 10 years from now if treatment costs continue to rise.

What if you could get a medical plan that grows with you to meet medical expenses?

To imagine if your medical plan includes:

  • Guaranteed auto-increasing cover (RM100,000 to RM150,000 per year). Coverage that accumulates up to RM15 million.
  • Comprehensive coverage before, during and after hospitalization.
  • Up to RM1,000 annual rewards for preventative care services when you remain healthy and claim free in the previous year.

PRUValue Med Booster and PRUMillion Med Booster does all of this and more!

Still not convinced?

So let’s go on a journey with two young adults – Paul and Ken – as they take two different paths in managing their healthcare.

Our sincere thanks to
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