Your Family
Choosing The Right Medical Aid Image Credit: Your Family
Choosing The Right Medical Aid Image Credit: Your Family

Choosing The Right Medical Aid

MEDICAL AID SCHEMES CAN BE CONFUSING, WITH SOME APPEARING TO OFFER A LOT… UNTIL YOU STUDY THE FINE PRINT. YOU’RE PROBABLY SPENDING A HEFTY PORTION OF YOUR MONTHLY INCOME ON HEALTH COVER, SO MAKE SURE YOU’RE ON THE RIGHT PLAN

Caitlin Geng

1 HOSPITAL PLAN OR FULL COVER?

Hospital plans are usually more affordable than full-cover plans, unless you or your family members are regulars at the doctor’s office, suffer from ongoing health issues, or have expensive prescriptions that require routine filling. If you’re generally healthy, a hospital plan may make more financial sense. It’s also worth noting that even hospital plans cover you for prescribed minimum benefits, which include 25 chronic conditions, any emergency conditions, and a limited set of 270 medical conditions.

2 WHAT CAN YOU AFFORD?

Everyone wants to provide the most comprehensive cover they can for their families, but it’s necessary to assess your finances realistically. Your income may not stretch far enough to afford full cover, so it’s important to examine what’s on offer carefully. When choosing a plan, compare which options provide the best deals for family cover and what your monthly contributions would be. Be wary of ‘too-good-to-be-true’ insurance plans that pay out per day spent in hospital, as these very often aren’t sufficient to cover even a small percentage of the medical costs involved.

3 WHAT ARE THE BENEFITS?

Go through the benefits of medical aid plans with a fine-toothed comb, as they may appear to cover the full amount in a variety of situations, but might actually provide inadequate savings and d


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