While everyone would like the surety of having a comprehensive medical aid plan, for most people finding a cheap medical aid plan that has adequate cover for their current needs is what they are looking for. There is a broad range of products available to provide cheap medical aid from an equally broad range of companies. Health care costs have increased greatly in South Africa over the past two decades and making sure that you have a cheap medical aid plan that also provides adequate medical cover may mean re-evaluating your plan and considering new offerings from different companies.
An important thing to look for when trying to select a cheap medical aid scheme is whether or not it will provide adequate coverage for your potential risk of health problems. Younger adults have different potential health risks than more senior adults. Also, a good medical aid plan will have allowances and emphasis on providing benefits for preventative health care. While having a comprehensive medical aid plan that can cover treatment for chronic disease, dread disease and surgeries – a cheap medical aid plan can be just as good as they recognize that preventative care saves everyone money.
More and more cheap medical aid providers are also becoming less restrictive about members ability to move between plans. Some allow you to downgrade your plan at will, which can be an immense help if your income changes. Unfortunately, upgrading a plan or signing onto a new one is still restricted to set enrolment periods that may only occur once or twice a year. Also, many cheap medical aid schemes use two different payment approaches. The first and standard approach is a monthly payment towards the plan, much like a premium rate on other types of insurance. The second is the use of a health savings account. These accounts allow members to save money towards future health expenses so they are not caught unprepared when they have to pay the up to meet the threshold on the policy.