101 Standalone Medical Card Funding beyond retirement

Standalone Medical Card Funding beyond retirement	退休后，单买医药卡的资金
Many clients, especially the resource scarce young single and family, tend to buy medical card as a standalone product. The main concern is premium, and payment frequency.	有很多客户倾向于单买医药卡，尤其是资源有限的单身男女和新生家庭。他们最在意是保费以及还款次数。
They feel the premium is higher and monthly payment is stressful if they go for investment-linked policy (ILP).	他们觉得若是购买投资连接保单，保费会比较高，而且每月要付保费会很压力。
It's actually a myth that medical card is cheaper here than the other. What the clients feel is the amount coming out of his pocket.	其实这个医药卡比那个便宜的认知是迷思来的。客户只是感受到从皮包拿出来的数目罢了。
The premium of standalone medical card can be even lower if bought from a general insurance company. The difference of premium between life and general insurance can be as high as 50%.	老实说，普通险(俗称杂险)公司的单卖医药卡的保费会更低。人寿、普通险两者的差别可能高达5成。
In either case, the premium at the beginning is indeed lower. But once touching age of above 60, the premium is scary. We could be talking about annual premium of more than RM4000 to RM10000.	着两者的共同点都是初期保费较便宜。但当年龄一触及60岁以上，保费会挺吓人。每年的保费可能高达4千到1万元。
As we get older, the tendency to use the medical card becomes even greater. Can we afford future medical expenses without a medical card? If we want to continue paying, we might think of how many years we can afford too. If we don't, what should we do if something strikes?	当我们年纪越来越大，使用医药卡的机率应该越高。没有医药卡，我们是否能负担昂贵的医药费？就算我们想继续交保，我们能负担多少年？若不，要是发生什么事时，我们该怎么办？
Let's think of a way. How about if we set up an extra fund for our old age medical card premium? The purpose is twofold here. If we decide to continue paying, this extra fund let us to. And if we don't, we have extra money to self insured ourselves. How does it sound?	让我们来想个办法。何不设立一个为未来保费储蓄的基金呢？可以有两个目的。若是我们想继续交保，这笔钱就派上用场。若不，我们有多余的钱自己保障自己。好吗？
To plan the extra fund, we can calculate the total premium beyond our working years. Of course, we can only calculate based on premium table available now. If needed, add an inflation rate to the calculation.	要准备这笔钱，我们可以计算退休后所需的总保费。我们只能以现有的保费表来计算。若是要稳当点，可以把通胀计算在内。
If we need to have RM100000 after 15 years, we only need to invest RM290 monthly in a instrument that can give 8% annual return. Simple?	如果我们在15年后需要马币10万，我们只需只需选择一个8%回酬的工具，每月投资马币290即可。简单吧？
Then come how can we create the fund? The simplest way is to start a separate regular saving plan using unit trust (UT) or private retirement scheme (PRS).	那我们该如何创立这个基金呢？最最简单的莫过于每月投资于信托基金或私人退休基金。
By properly select a combination of UT or PRS funds with proven track record, we can do it. To know their performance, we can refer to Lipper, MorningStar or Novagni rating published in websites, magazines or newspapers.	只要细心挑选记录良好的信托基金或私人退休基金即可。我们可参考登在网站、杂志或报纸的Lipper，MorningStar，Novagni评级。
There are only 8 providers of PRS funds, and all of them are selected after stringent scrutiny by Securities Commission (SC). On top of that, the design of default funds are fixed by SC too. So we should be safe to choose any of them.	市场上共有8家私人退休基金供应商。全部都是经过证券委员会严格挑选，且这类基金的设计也是由证券委员会操刀。所以我们应该放心挑选。
In terms of UT funds, there are few hundreds in the market. Consumers are spoilt for choices. Maybe we can use a simple & lazy strategy - pick only EPF approved funds. EPF will scrutinized all funds every year and publish a list of approved funds. Funds don't meet its requirements will be shown the door.	在信托基金这方面，市面上不下两三百个。真是让人眼花缭乱。也许我们可以用简单方便的方法，就是只选公积金批准的基金。公积金每年都要评估基金一次，并把符合资格的基金列出来。不符合资格的都被踢掉。
So I think consumer has better chance by following these two groups of funds which are under tight surveillance. Agree?	所以我觉得消费者若从这两类基金里挑选的话，胜算应该很高。对吧？
One might wonder why I suggest PRS. Isn't PRS designed for retirement purpose? Well, there is a critical reason here.	有人可能怀疑为何我会提私人退休基金。难道它不是为退休而设计的吗？这其中有个大道理。
In my many years of experience, I noticed clients tends to withdraw money when the withdrawal is relatively easy and cheap. Imagine this. In time of emergency, which money will we take out first - savings accounts with ATM card or a fixed deposit account? Mostly it will be the former.	根据多年经验，客户多数会选择容易提款以及较低费用的管道提出款项。试想在紧急状况时，我们会从附有提款卡的储蓄户头抑或是定期存款提款呢？应该是前者吧。
Why? The former is convenient and doesn't cause much impact on interest earn. The latter requires us to go to the bank and we might think of the interest lost if the FD has not matured.	为何如此？前者很方便又不会对利息造成影响。后者要劳烦我们去银行，而且我们又会考虑到未满期利息损失。
Likewise, redemption of UT is more convenient and cheaper than a PRS. UT withdrawal normally won't be charged. As compared, only 30% of money invested in PRS can be withdrawn, and it is further taxed at 8%.	同样的，信托基金的提款会比较简易且便宜。一般可以说是没有费用。相比起来，私人退休基金里的钱只有30%可以提出，而且还必须抽税8%。
Therefore, using PRS will ensure our money will be locked until retirement.	因此，使用私人退休基金可以确保我们的钱会锁死到退休。
I hope whoever bought standalone medical card will think of the funding after retirement. Normally, we would say we try not to depend on our children to support us. So, the younger us has to be responsible to the older us.	希望凡是购买单买医药卡的人士们可以好好的思退休后的医药卡费用。一般上，我们都说尽量不要依靠子女来养我们。那年轻的我们就得为年老的我们负责。
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