How do I choose a medical aid?

By Staff Writer

 

Whether you are looking for a new medical aid or simply want to join a medical aid scheme for the first time, it can all be a little overwhelming.
 
Don’t worry, we’re here to try and make your decision a bit easier. 
 
Let’s start with the basics.
You need to look at your specific needs and decide what exactly you will primarily use your medical aid for.  List your medical needs.
 
Here are some examples of the questions you need to ask yourself:
Do I need cover for an optometrist? If you wear glasses or contact lenses, the answer is probably ‘yes’ - Unless, of course, you want to pay for these in cash every year.
Do I need extra dentist cover? 
Do I need any other specialist cover? 
Will my needs exceed a hospital plan?
How many people do I need to cover? 
 
These are some examples of the questions you need to ask. However, a medical aid consultant will be able to assist you with drawing up all your needs. 
 
You also need to take the following into account when deciding on a medical aid scheme: 
Your medical history; 
Your first choice regarding medical care; and 
What you can afford. 
With so many different medical aid options to choose form, how will you know which one is right?
 
As we have already mentioned, which medical aid you choose will depend largely on your personal needs.
Most medical aid schemes offer a full, comprehensive option. That means hospital costs and out-of-hospital benefits or a basic hospital plan. The latter covers only hospital procedures. 
Some medical aid schemes will also limit you to particular hospital groups or care facilities, all depending on the option you choose. Make sure you are aware of these restrictions when you sign up to a medical aid scheme. 
 
The more limited the option you choose, the less your monthly contribution will be, but make sure you investigate all options. Still confused on medical aids? Read our guide to medical aid.
 
Best advice again is to contact an independent healthcare consultant (broker).

Recent Articles

Featured Debt consolidation – Explained

Dealing with debt can be daunting. If you’re struggling to keep track of which store account to pay next and weighing up which credit card is more important to settle first, you may have considered debt consolation. At Justmoney, we’ve decided to get down to the basics and explain what this entails and what impact you can anticipate on your credit score.  

Read more

3 Vehicle financing options compared – which is cheaper?

Buying a car is a considered a milestone, both in life and financially. Unless you’re able to fork out the cash, many opt for financing. But often the excitement to drive it off the showroom floor overshadows the need to check if you’re choosing the most-suited option. To help you make the best-informed decision we compare available vehicle financing structures in South Africa.

Read more

Splitwise: Split the bill not the friendship

Collecting your friends’ debt to you can be draining. You don’t want to ruin your friendship with them, and it can also be extremely awkward. I don’t know how many times I have written, deleted, and rephrased texts, reminding people to pay what is due to me.

Read more

Stokvel-friendly accounts – which one is fair?

The stokvel economy is approximately worth R49 billion in South Africa. This is according to the National Stokvel Association of South Africa (Nasasa). Altogether 24% of these stokvels are in Gauteng, while only 6% are in the Western Cape.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save with 10X investments

Price: Free
When: Until 30 June
Where: Online

Sanlam Cumulus Investment Plan Limited Offer

Price: From R2,500
When: Limited Period
Where: Nationwide

Roman's Pizza Special-Single Large Pizza

Price: R69.90
When: Until 31 July
Where: Nationwide