If you are thinking about obtaining cheap medical aid cover, or you want to make sure that you are still getting value for the money spent on your current cover, then a few simple steps can help. These steps will guide you through what can be a bit of a maze when it comes to medical aid schemes in South Africa.
Firstly, you will need to make a list of the kind of things that you need your medical aid scheme to cover. This will depend on your individual requirements or the needs of your dependents. If you already belong to a medical aid scheme then it is good practice to take a long hard look at the details of that cover in order to make sure it is still going to be beneficial to your needs as well as your family’s needs. The best time to review your medical aid policy is at the start of the year, as this is the time when most medical aid companies increase the cost of their premiums or even reduce the amount of cover included within the policy itself.
Secondly, you will need to think hard about the level of medical aid cover that you and your family are going to require. The most proficient way of doing this, is to work out just how much your medical bills were in the previous 12 months whilst at the same time allowing for unexpected emergencies that can crop up at any time. Most medical aid companies offer policies that can be changed throughout the year in case you need to remove certain cover or add new cover, such as maternity medical aid. If you think that you might be facing a lengthy spell in hospital in the coming year then you need to check the small print of your policy in order to ascertain just how many days in hospital your policy covers. This can also apply to the cost of prescription medication for chronic illnesses as this medication can often last for quite some time, and there may be a limit on your policy that only allows for medication to be funded over a certain length of time.
Some medical aid companies will offer many different policies that cover most medical situations. Finding the right one can be a lengthy and complicated process, as well as a tedious one. However, there are now companies that offer three or four different schemes that cover most of the population and their medical requirements.
You will find that as you get older that you will have to pay more for your medical aid than when you were younger, and this is simply because the older you get, the more likely you are to need medical assistance.
Spending some time in order to work out exactly what kind of medical cover you need in conjunction with your budget means that you will not be left high and dry when you need medical assistance.