Most South Africans will agree that it is far better to have private health insurance than to not have it. This is because the attention and care during a hospital stay is so much better, as are the treatments and facilities. Over 8 million people have taken out a medical aid package of one sort or another, but over four times this number remain to do so. Some people may be put off by the perceived cost, others by the sheer number of schemes to choose from, and others still hold on to the belief that it will never happen to me so I don’t need it. However, if you are taking the wise decision to protect yourself and family with a policy, then here is some advice on how to compare medical aids.
The first step is to use the power of the internet. It has never been easier to compare medical aids than it is now, thanks to the availability of websites and information. Not only do the major policy providers have websites of their own, but there are many comparison sites as well. This will enable you to not only find out what the best deals are, but to also get to know a bit more about the subject of medical aid, and exactly what may or may not be covered. If you prefer the human touch, then most of the sites also have contact telephone numbers in order to speak to a salesperson.
The subject of what is and what is not covered will greatly affect the price of the monthly premium that you will pay. It goes without saying that the more the policy covers, the higher the premium will be. An important thing to note, is that it is possible to adapt a policy to best suit your circumstances. This means that you can exclude things that you think you do not need, and perhaps include things that might be more relevant. For example, if you already have your dental needs taken care of, there may not be a need to include this in a medical aids policy.
Whilst you are considering which medical aid policy to take out and who with, you might also like to turn your attention to what will happen to your income if you are taken to hospital. Whilst your medical bills will be covered, your loss of income will not, and you will notice as you compare medical aids, no allowance is made for this. Thankfully, there are separate policies available, which are known as hospital plan insurance. The monthly premiums on these are smaller than medical aid, and can provide an income of anything up to R5000 per day during a stay in hospital.
As you can see, there is a lot to consider as you compare medical aids. However, when you compare this to the health and well being of your family, it could be one of the more important investments that you ever make. Whilst no one wants yet more additions to their monthly outgoings, the amount paid will soon fit into the household budget, and it is better that the back up of sound medical care is there and never used, than not there at all. Too many people regret not having it at the time when they need it most.
If you have no medical aid cover, or are thinking of changing your provider, then it has never been easier to compare medical aids online. From the comfort of your own home, you can come to an informed decision that will prove to have immense long term benefits for both yourself and your family.