Types of medical aid

Types of medical aid

We have two types of medical aid that¬† are available in our country. They offer different benefits but with some small similarities among them. The following is just a classification of the medicals aids that are available as well as some of their benefits. Two types of medical aid. 1. Traditional Medical Scheme. All of your medical expenses will be paid by the medical aid. A risk is where your payments come from. Limits refresh each year. You won’t pay less just because you don’t…

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Different Types of Hospital Plans

Different Types of Hospital Plans

Types of Hospital Plans There are two main types of hospital plans in South Africa. Medical aid hospital plans are the in-hospital and chronic medication benefits of a medical aid. It pays for medical bills when you are undergoing diagnosis, monitoring and treatment in hospital. You are not paid any cash but your medical expenses are covered by the policy The hospital cash back plan is an insurance policy that pays you money for each day that you are in hospital. It does not pay…

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Medical Aid and Hospital Plan - The Differences

Medical Aid and Hospital Plan – The Differences

What is the difference between Medical Aid and Hospital Plan? The main difference a medical aid and hospital plan would be that a medical aid features comprehensive medical cover for all of your medical needs, while a hospital plan would only provide some form of cover while you are hospitalised. What is a medical aid? Medical aid is a risk-based insurance. The insurance is taken out against your health to cover your medical needs. Your medical costs will be covered both in and out of…

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Health Insurance

Health Insurance

What Is Health Insurance? Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. It all depends on the type of health insurance coverage. The insured individual pays costs “out-of-pocket” and then he or she gets reimbursed from the insurance company. The other method is much simpler because the insurer makes payments directly to the healthcare provider. ¬†Health Insurance Companies: The largest medical insurer in South Africa is Discovery Health , with over 1.5 million…

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Hospital Plans

Hospital Plans

What are hospital plans? A hospital plan is designed to help an individual cope with the financial costs of becoming injured or sick. If you get hospitalised due to some unforeseen circumstances, the cost of hospitalisation and medical treatment would be taken care of by the organisation providing the cover. A full medical aid membership and hospital plan provide the kind of coverage described above. The main difference is that membership of a comprehensive medical aid offers more features at higher costs. Some companies who…

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Funeral plans

Funeral plans

There are numerous companies that offer funeral policies. They offer all types of policies to provide for everyone’s needs. Some of the policies cover only part of the funeral costs others covers the costs for the entire funeral and even pays out additional money to the families. Here are 5 of the top companies selling funeral policies: Hollard Website www.hollardfuneral.co.za/ Toll free 0800111158. (in these following hours only) Monday – Thursday 08h00 17h00 Friday 8h00 16h30 Saturday 8h00 – 13h00 Fax: 0113513818 FNB funeral policy…

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The types of medical insurance

The types of medical insurance

Medical and health Insurance. There are three different types of Medical and Health Insurance: Medical Aid, Hospital plans, Funeral plans. Even though they are all related to medical insurance, each one has different cover. Some examples of what each one covers are: Medical Aid Covers day-to-day medical expenses, such as visiting the Doctor for a check-up and the medication you need. The medical aid can cover dentistry, optometry and surgeries depending on the provider. You need to check your cover prior to purchasing any policy.…

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Top Ten Medical aid offers

Top Ten Medical aid offers

There are many companies that supply medical aid solutions. The various products offer complete cover to basic cover that excludes for example foreign travel. The top ten companies that provide various medical aid solutions are: Bestmed Give them a call on 086 000 2378 to receive more information. Bonitas For more information go to their website at www.bonitasmedicalfund.co.za Discovery To find out more about what they have on offer call them on 0861 600 240. Oxygen Contact them for more information on 0860 10 21…

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Medical aid

Medical Aid

In South Africa there are a few important facts regarding medical aid, health insurance, funeral policies and any financial advice a person that provides you with any type of financial advice must be registered with the FSB (Financial Services Board) This website provides you ONLY with information and mainly about medical aid, health insurance and funeral policies. Medical Aid a Medical aid is a central fund usually controlled and administered by a private or public company, a trust or a legal entity created via legislation.…

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