Then why did I get insured?

1- In case something happen

I know, it sounds obvious. But working in this field, I realized how essential insurances are. It only is a matter of time before you get something – you never know when you are going to get hit by a bus, catch a virus, or simply rupture your appendix.  And living in Malaysia does not help – just check the statistics for road accidents in 2007 to get an idea of what I mean…

2- Pre-Existing Protection & Chronic Conditions

Insurance companies try to discourage people from waiting until they get sick in order to purchase health insurance. One way in which they do this is to impose pre-existing condition exclusion periods. Such exclusion really becomes a problem when you have a pre-existing chronic conditions – from which you can never recover, they can only be managed. Hearth disease, diabetes, arthritis and asthma are considered chronic.

Since it is more likely that a chronic condition will affect an older person, a young expat would be wise to consider getting a decent insurance before he develop one. If he waits too long – and is unfortunate enough to develop one – it is extremely difficult to obtain cover later as it will be seen as a pre-existing condition.

3- It actually is not that expensive

With $150 per month you can find a pretty decent insurance coverage. It may not give you routine dental, but you will have in-patient, out-patient, and optical. A good deal IMHO !