From Malay Mail · Soo Wern Jun · · 2m
MediAsas: Affordable Medical Insurance for Malaysians
Malaysians can switch to MediAsas, a basic medical insurance plan, starting January 2027 with budget incentives.
In brief
Malaysians can switch to MediAsas, a basic medical insurance plan, starting January 2027 with budget incentives. Malaysians can switch to MediAsas, a basic medical insurance plan, starting January 2027 with budget incentives to lower costs. Originally reported by Malay Mail.
Quick answers
- What is MediAsas?
- MediAsas is a voluntary medical insurance and takaful plan launching nationwide in January 2027.
- Who can switch to MediAsas?
- Existing medical insurance policyholders can switch to MediAsas without new underwriting or waiting periods.
- How does MediAsas work?
- MediAsas offers a standardised package with annual coverage limits of RM100,000 for most users, rising to RM150,000 for those aged 61 and above.
- What makes MediAsas affordable?
- MediAsas uses a tiered co-payment system with deductibles up to RM1,000 for those aged 61 and above, and a 20% co-payment for out-of-network hospitals.
- Who is eligible?
- MediAsas targets Malaysians without employer-provided insurance or those struggling with rising premiums due to medical costs.
What is MediAsas?
MediAsas is a voluntary medical insurance and takaful plan launching nationwide in January 2027.
Who can switch to MediAsas?
Existing medical insurance policyholders can switch to MediAsas without new underwriting or waiting periods.
How does MediAsas work?
MediAsas offers a standardised package with annual coverage limits of RM100,000 for most users, rising to RM150,000 for those aged 61 and above.
What makes MediAsas affordable?
MediAsas uses a tiered co-payment system with deductibles up to RM1,000 for those aged 61 and above, and a 20% co-payment for out-of-network hospitals.
Budget 2027 financial assistance
Budget 2027 offers EPF savings usage, SME premium subsidies, RM40 million allocation, and tax relief for MediAsas premiums.
Who is eligible?
MediAsas targets Malaysians without employer-provided insurance or those struggling with rising premiums due to medical costs.
When can Malaysians sign up?
MediAsas launches nationwide in late January 2027 after a pilot program in the Klang Valley from July to October 2026.
Standard-Plus option
A Standard-Plus option offers RM300,000 coverage with a higher deductible of RM10,000 to RM15,000 for those seeking more extensive protection.
Diagnosis-Related Group system
MediAsas will adopt the Diagnosis-Related Group payment system to fix hospital costs per patient episode.
SME premium subsidy details
The government subsidizes RM200 of the first-year premium for each eligible SME employee under 55, capped at 50 employees per company.
Tax relief for MediAsas
Premiums for MediAsas coverage qualify for income tax relief for individuals and their immediate family members.
Coverage limits
MediAsas covers common medical treatments including hospital room and board, surgical procedures, medication, and selected outpatient treatments.
When will MediAsas be available?
MediAsas will be available nationwide starting late January 2027 after a six-month pilot program in the Klang Valley.
What is the purpose of MediAsas?
MediAsas aims to provide affordable basic medical insurance to Malaysians who cannot afford conventional insurance due to rising premiums.
The bottom line
Malaysians can switch to MediAsas, a basic medical insurance plan, starting January 2027 with budget incentives to lower costs.
