What is the cheapest medical aid in South Africa?
What criteria are used to establish this? Answering this question is not as easy as what you would presume. It is not a case of comparing the monthly payment of different medical aids, and choosing the cheapest amount. If it was that simple, then the cheapest medical aid would be the medical aid that has all the business. It will be the only medical aid available.
What are the factors to consider when choosing the medical aid that is considered to be the cheapest in South Africa?
Healthy people have less need of a comprehensive medical aid than a person with a chronic illness, for example. The cheapest plan is usually a basic plan that includes a hospital plan but nothing more.
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If you are not earning that much, this is a great way to start with a medical aid. Medical aids allow you to upgrade. Depending on the different medical schemes, upgrading is possible once a year or more often, subject to requirements.
What is the Cheapest Medical Aid in South Africa?
Medical aids also save costs by contracting with certain hospitals and specific doctors. The medical aid plan specifies which doctors are covered in the specific plan. Some medical aids limit the choice of hospitals as well. When considering the cheapest medical aid it should be taken into account that your family’s general practitioner might not be on the list. It is prudent to find out first which doctors and hospitals are included as well as excluded from the list.
The many medical aid schemes in South Africa allows for healthy competition. However, the cheapest is not necessarily the best plan for you and your family. The same can be said of the most expensive plan. Make sure the medical aid delivers what it promised, especially if the price is very cheap and the benefits very much. The principle is the same in any business, what you pay for is what you get. So do not expect a complete package for a basic fee. Make sure that when a medical aid offers a low payment for the best plan, the standard of service keeps up with the benefits offered.
The benefits offered are normally the basics of a hospital plan, with no additional benefits. This is ideal for a healthy individual who rarely needs to see a doctor. However, there are limitations to the hospitalisation benefits as well, limiting the time period that daily amounts are covered. It is essential to require permission, ensuring the medical aid covers the treatment or operation that you will be hospitalised for, before the treatment begins. Ensure specifically what laboratory tests, X-rays, and treatments are covered in the basic scheme.
The cheapest medical aid is not necessarily an affordable medical scheme. You can spend more money, on all the additional costs that are not included in the medical aid plan, which it would have been cheaper to upgrade to a plan with more benefits, and slightly higher monthly payments. © Medical Aid Plan
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Your medical aid quote will include options to suit your pocket. Please ensure that the cover you select is exactly what you need and that you understand exactly what insurance you are buying. Do not hesitate to ask questions about the medical aid or hospital cover you choose.
To read an interesting article entitled "Beware of Medical Payout Ceilings" go here