Knowing the difference between medical aid rsa and medical insurance allows you to make an informed opinion that can optimize you and your family’s well being without costing an “arm and a leg”. Health Care in RSA is perceived as being an expensive luxury, encumbered with numerous restrictions and prohibitive premiums. Acquiring a comprehensive medical aid plan to cover all unforeseen setbacks can cost you thousands of Rands through the restrictions placed upon members to use certain health specialists listed on a medical aid provider’s network. With the benefit of health insurance, members have more flexibility upon where they seek medical attention. In a tough economic climate where price-sensitivity effects consumer behaviour, medical insurance products ultimately present a tailored ‘benefits’ package, with the inclusion of additional extras such as personal accident, permanent disability, and funeral benefit.
Medical Aid – The Cost of Prescribed Minimum Benefits (PMB’s)
A key factor in the rising costs of medical aid premiums in South Africa can be identified in providers encumbered, by law, to cover the entire costs of all medical costs attributed to chronic conditions and Prescribed Minimum Benefits. These PMB’s include life threatening conditions such as asthma, cardiac emergencies and (See complete List) Medical insurance providers are not bound by the same legislation, and as such, can offer tailored medical benefit plans at much lower premiums to a wider portion of the population.
The affordable alternative to medical aid
As a ‘Stated Benefit Insurance Plan’, Day 1 Health is regulated by the Council for Medical Schemes as a low-cost benefit option medical scheme in terms of the Medical Schemes Act of 1998. In the absence of restrictive PMB’s, Day 1 Health offers a range of affordable Medical Insurance Packages accessible to all South Africans, offering both daily and hospital cover. General and pre-existing waiting periods draw parallels with conventional medical aid schemes, with waiting periods of just 1 month applied to certain daily benefits such as GP visits, radiology and acute medication. Whether you require a Prepaid Preventative Plan or would like to combine it with the added incentive of Hospital Benefits, Day 1 Health has a healthcare solution for all RSA citizens. Apply Online Today and say goodbye to spiralling medical aid costs.
medical-aid 