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ManuHealth Elite: For you and your family. Get more from your medical plan

Your family is the centre point of your life. While you make plans to stay healthy, you cannot predict any unwanted medical incidents that might happen along the way – especially when it affects their well-being too.

You can make all the difference just by getting prepared for any of such unforeseen possibilities. Making sure that you have a comprehensive and robust medical plan that caters to your medical needs cannot be overstated.

Here’s some food for thought.

According to Bank Negara Malaysia’s 2016 Financial Stability and Payment Systems Report, only 35% of Malaysia’s population were found to be insured over the last five years after eliminating multiple ownership of life insurance or takaful policies. That comes down to only seven out of 20 Malaysians out there armed with some form of protection.

Protection comes in many different forms and sizes. If you’re looking for something else, consider a life endowment plan that your family stands to benefit from, should something unfortunate happen to you.

Healthcare costs are soaring

AON’s 2019 Global Medical Trend Rates Report revealed that Malaysia chalked up an astonishing inflation rate of 15.3% for 2018 – making us the second highest in Asia – when the global average was only 8.4%.

Why is this so? In short, the more people seek healthcare and the older they are, the more expensive it will become. Factor in our growing population as well as the increase in non-communicable diseases (NCD) in Malaysia and well, you can see the picture emerging.

These rising medical costs have also created another issue – an entire segment of the population who avoids medical care completely; not because of latrophobia (the fear of doctors) but due to potential cost concerns.

You might be comfortably healthy right now, but can your finances take a hit if you were suddenly thrust into a serious medical event?

What is ManuHealth Elite from Manulife?

ManuHealth Elite (MHE) is a standalone non-participating medical plan designed specially to help you manage your medical expenses while providing you with the best medical care possible.

It is also available as a rider that can be attached to Manulife’s regular premium investment-linked insurance plans subject to the company’s approval.

There are four ManuHealth Elite plans and each one comes with different levels of coverage based on the premiums charged:

  • MHE150
  • MHE200
  • MHE250
  • MHE Signature

10 key highlights of ManuHealth Elite

Let’s take a look at ManuHealth Elite’s top benefits and features:

1. Comprehensive Whole Life Coverage

Get covered up to age 99 at your next birthday. Additionally, get reimbursed for medical expenses such as pre- and post-hospitalisation charges, intensive care services, surgical expenses, Out-patient Benefit charges, and more.

2. MHE Signature Plan

Say goodbye to ever-increasing costs of hospital room and board for the years to come. MHE Signature plan lets you choose the room and board of your choice up to 2 basic categories of Single-Bedded room rates as available in the hospital.

3. No Lifetime Limit and High Annual Limits

Regardless of claims in previous years, your annual coverage limit will stay the same. With separate high limits for Hospital & Surgical and Out-Patient Benefits, you will enjoy a broader choice of medical treatment options.

4. No limit on Room & Board and ICU stay

This benefit allows you to stay focused on recovery without worrying about the length of hospital stay that is required.

5. Family Coverage Option

Have the convenience of covering your spouse and children in just one policy. A maximum of five (5) children is allowed under each Family Plan’s coverage. With MHE’s Family Plan, coverage is also extended to your children born after the policy has been purchased.

6. Hassle-free Admission into Panel Hospitals

Manulife’s Pre-Certification Hospitalisation Programme provides easy admission to more than 100 panel hospitals with minimal hassle. As an added bonus, you will also be eligible for emergency assistance services related to medical emergencies.

7. Deductible Options

Select the deductible option level you are comfortable with – RM0, RM500, or RM5,000. Having a deductible means that you will pay the selected amount in advance before ManuHealth Elite steps in to cover the remainder of the hospitalisation bills.

8. Golden Years Privilege

Here’s one benefit that lets you continue enjoying your medical care without compromising your retirement savings. You get the opportunity to convert your deductible option from either RM500 or RM5,000 to RM0 upon age 60 at next birthday.

9. Second Medical Opinion Benefit

Seeking a second medical opinion for medical diagnosis or procedure can help you evaluate your medical options. This benefit is solely exclusive for the MHE Signature plan.

10. Income Tax Relief

You may qualify for income tax relief for medical insurance subject to the terms and conditions of the Inland Revenue Board.

Am I eligible to apply for ManuHealth Elite?

If you are already reading this, then chances are it is applicable to you – ManuHealth Elite is open to anyone between 30 days of age and 70 years old. You may also continue to renew the plan on an annual basis to its maturity up to 99 years of age!

Please bear in mind that the premiums of ManuHealth Elite are not guaranteed and the Company reserves the right to revise the premium rates according to all policies issued in the same class, by giving 90 days written notice prior to the change. Premiums are determined by your age, gender, benefits, plan chosen, and occupation class subject to underwriting.

MHE is renewable throughout its policy term except in the event of fraud or misrepresentation. So always exercise full disclosure!

Am I covered only in Malaysia?

No! ManuHealth Elite will cover you in overseas as well! However, the reimbursement shall be limited to the Reasonable and Customary Charges for Medically Necessary Condition for such equivalent local treatment in Malaysia.

Bear in mind that when you reside or travel for more than 90 consecutive days outside of Malaysia, Singapore, or Brunei, your coverage may not be applicable.

How is ManuHealth Elite a standout from other medical plans out there?

Make no mistake, there are many health and medical plans in Malaysia and it’s hard to know where to begin.

So how do you separate one from another – and more importantly, the features that you suit you best? The Bear has taken a closer look here and highlighted three amazing ManuHealth Elite benefits that will appeal to you.

number 1 One policy for the whole family

Having a single ManuHealth Elite policy removes the hassle of maintaining multiple policies for your family members, by covering all of them under a single medical plan.

If there is an existing child or children already covered under the plan, coverage will also be extended to additional kids born after the policy has been purchased. A maximum of five children is allowed under each Family Plan’s coverage for children up to age 21 at the next birthday.

In addition, each person covered under the Family Plan is entitled to their own individual annual limit. For instance, a family of four who purchased the MHE Signature plan will be entitled to a high annual limit of up to RM2.2 million per person.

number 2 Worry-free Room & Board and ICU stay

MHE has taken away your worries when it comes to escalating costs of hospital Room and Board for the coming years. With MHE Signature plan, you can choose the Room & Board of your choice for up to 2 basic categories of Single-Bedded Room rates that are available in the hospital.

This effectively offers a form of inflation-proofing because you will be guaranteed a single room no matter what in the future.

Furthermore, with MHE you can stay focused on your recovery as you need not worry about the duration of your hospital stay.

This is especially reassuring should you (or the covered family member) suffer from a serious medical condition which leads to an extended stay in the ICU or in a comatose condition – you just don’t know how long such a situation can prolong. With MHE, there is NO limit to the number of days.

number 3 Golden Years Privilege

As mentioned earlier, your annual coverage limit stays the same regardless of claims made in previous years, ensuring that your golden years get the same coverage. That’s not the only benefit from ManuHealth Elite of course.

Upon age 60 at your next birthday, you can take advantage of the option to convert your deductible amount from RM5,000 or RM500 to RM0! You won’t need to worry about compromising your retirement savings and still be able to continue enjoying top medical care from MHE.

Final Word

You want to look after your loved ones, and so do we.

By taking out a medical plan for your family before they need it, you can also take the ‘ouch’ out of the unexpected costs. Get exactly the cover you need with a choice of medical plans that are suitable for all ages and occupations, with guaranteed annual renewal and comprehensive whole life coverage.

Let ManuHealth Elite lead the way forward and place you and your family in safe hands.

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