--- title: I'm Upgrading My Medical Insurance. Should I Keep My Existing Plan? description: I'm upgrading my medical insurance plan. Should I keep the existing plan? image: https://www.coverbuddies.com/hubfs/Insurance%20-%20Folder%20Register%20Name%20in%20Directory.%20Colored%2c%20Blurred%20Image.%20Closeup%20View..jpeg --- [![Cover Buddies Imaginate Email Header](https://www.coverbuddies.com/hubfs/Cover%20Buddies%20Imaginate%20Email%20Header.png)](https://www.coverbuddies.com) - [ABOUT](https://www.coverbuddies.com/about-cover-buddies) - SOLUTIONS - [Commercial Insurance](https://www.coverbuddies.com/commercial-insurance) - [Consumer Insurance](https://www.coverbuddies.com/consumer-insurance) - [Find Me A Better Deal](https://www.coverbuddies.com/find-me-a-better-deal) - [KNOWLEDGE HUB](https://www.coverbuddies.com/en/knowledge-hub) - CONTACT - [Send Enquiry](https://www.coverbuddies.com/contact-us) - [Request A Call](https://www.coverbuddies.com/request-a-call) - [WhatsApp Us](https://wa.me/message/RCLFWAZGWXTKC1) - [Newsletter Sign Up](https://www.coverbuddies.com/newsletter/subscribe) [WHATSAPP US](https://wa.me/message/RCLFWAZGWXTKC1) [DOWNLOAD OUR ESSENTIAL INSURANCE GUIDE HERE](https://www.coverbuddies.com/essential-guide-download) Medical Card # I'm Upgrading My Medical Insurance. Should I Keep My Existing Plan? I'm upgrading my medical insurance plan. Should I keep the existing plan? [David Teh](https://www.coverbuddies.com/en/knowledge-hub/author/david-teh) Nov 3, 2024 --- The short answer to that you probably have to keep both running for a while - if you can afford it. Most newly purchased [medical insurance programs](https://www.coverbuddies.com/en/knowledge-hub/things-to-look-out-for-in-a-medical-card) out there will have a 60 to 120-day waiting period for serious diseases like cancer and heart-related illnesses. In other words, your newly purchased policy will not cover you in the event of a claim for heart attacks or anything cancer-related that pops up.  This is a common issue when you first buy into a new medical insurance program. Or in some instances when you upgrade from an older plan. ## Your New Medical Insurance Only Covers For Accidents For Now Your brand new medical insurance plan is as good as a [Personal Accident Insurance](https://www.coverbuddies.com/en/knowledge-hub/what-is-personal-accident-insurance) plan for now. If you're upgrading from an existing plan, this is the risk you'd just have to take. But if you're buying into a new medical insurance program, it is best to keep the existing medical insurance program running for at least the next 120 days. Sure, you'd be paying for both programs (for the time being), but what choice do you have at this juncture? Assuming you've had your current medical insurance program for more than a year, it provides full coverage for any unforeseen events. And your new medical insurance plan would be good for any accidental injuries at this point. Worst case scenario. You drop the older medical insurance program and leave yourself exposed for the next 120 days - and it hits the fan. Have I seen it? Yes, once. The client had an infection and was admitted on the 109th day. His claims did not go through. To simplify it, just calculate what 4 months of premium cost looks like for you and do the Cost vs. Risk analysis from there.     [![GET A FREE CONSULTATON ](https://no-cache.hubspot.com/cta/default/22329589/interactive-155978483766.png)](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/redirect?encryptedPayload=AVxigLKAHm%2FCA10IhdicWbRWfPVD9j7NWGNv6CffubPtVLGGg2dwAmuu8e7KQQJOIldGFCqKvkDeLRDzgfpUq3nDh4zUhCeZDUU7LDi%2BtqvHq5rFcc8Wxb351RdrLOCbICziiEKJi3%2BXybjSKiyfSi5yCujoawHQaM0OFs660MZhm%2B9HvAjLFOugSvGgkuW1Ntw%3D&webInteractiveContentId=155978483766&portalId=22329589) [Medical Card](https://www.coverbuddies.com/en/knowledge-hub/tag/medical-card) ## Similar posts Medical Card ### [How to Choose a Group Medical Insurance Plan](https://www.coverbuddies.com/en/knowledge-hub/understanding-group-medical-insurance-in-malaysia) Things to look out for when choosing a group medical insurance plan for employees in Malaysia. David Teh Aug 25, 2024 Medical Card ### [Prudential Medical Card in Malaysia: Plans, Benefits and How to Apply](https://www.coverbuddies.com/en/knowledge-hub/navigating-healthcare-in-malaysia-with-the-prudential-medical-card) What the Prudential medical card covers in Malaysia: cashless admission, outpatient cover, plan types, waiting periods, exclusions and how to apply. David Teh May 4, 2023 Medical Card ### [Marine vs Goods-in-Transit Insurance: David Teh Explains](https://www.coverbuddies.com/en/knowledge-hub/marine-insurance-vs.-goods-in-transit-insurance-david-teh-answers-your-question) David Teh answers a listener question on the difference between marine insurance and goods-in-transit insurance, on the Cover Buddies Podcast. Cover Buddies Oct 2, 2026 ### Get The Latest Updates From Us! Be the first to know about the latest news and updates from Cover Buddies [![Cover Buddies Inverted-1](https://www.coverbuddies.com/hs-fs/hubfs/Cover%20Buddies%20Inverted-1.png?width=256&height=128&name=Cover%20Buddies%20Inverted-1.png)](https://www.coverbuddies.com) **Cover Buddies Sdn Bhd (1236241-H)** 4.01, Level 4, The Starling No. 6, Jalan SS21/37 Damansara Utama 47400 Petaling Jaya Selangor Darul Ehsan Malaysia ### ABOUT - [About Cover Buddies](https://www.coverbuddies.com/about-cover-buddies) ### SOLUTIONS - [Commercial Insurance](https://www.coverbuddies.com/commercial-insurance) - [Consumer Insurance](https://www.coverbuddies.com/consumer-insurance) - [Find Me A Better Deal](https://www.coverbuddies.com/find-me-a-better-deal) ### TELL ME MORE - [Blog](https://www.coverbuddies.com/en/knowledge-hub) - [Send Enquiry](https://www.coverbuddies.com/contact-us) - [Request A Call](https://www.coverbuddies.com/request-a-call) - [WhatsApp Us](https://wa.me/message/RCLFWAZGWXTKC1) - [Newsletter Sign Up](https://www.coverbuddies.com/newsletter/subscribe) - [Download Your Free Insurance Guide](https://www.coverbuddies.com/essential-guide-download) © 2026 Cover Buddies Sdn Bhd. 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