Viability of using savings for medical coverage being assessed
In a statement to the New Straits Times, EPF said it is working closely with the relevant authorities to assess the viability of the initiative.
"EPF is aware of discussions on the proposal to allow the use of savings in Akaun Sejahtera (Account 2) to pay for health insurance premiums.
"The proposal is still being considered, and the EPF is working closely with the relevant parties on the matter," it said.
The fund added that, as with all proposals involving members' savings, a thorough assessment is being carried out to ensure any new measure balances short-term needs with long-term retirement security.
"As with all proposals involving members' savings, careful assessment is being conducted to ensure that any new measures will strike a balance between immediate needs and members' long-term financial wellbeing."
The EPF said further updates would be shared through official channels once available.
On June 19, Health Minister Datuk Seri Dr Dzulkefly Ahmad said the government is considering allowing EPF members to use their Account 2 savings to pay for monthly health insurance premiums.
He said that, if implemented, the initiative could enable 16 million EPF contributors to access private hospital treatment using their contributions.
However, Dzulkefly later clarified that the proposed health insurance scheme — funded through EPF Account 2 — would be voluntary and not mandatory.
The Association of Private Hospitals Malaysia (APHM) has welcomed the government's proposal to allow EPF members to use their Account 2 savings to pay monthly health insurance premiums, calling it a
Its president, Datuk Dr Kuljit Singh, said while the plan is welcomed, it must be accompanied by clear safeguards to ensure its long-term sustainability.
He said the responsibility now lies with the relevant agencies to determine the most appropriate funding model, whether through EPF or other mechanisms.
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