What is Medical Aid?
Medical aid is a form of insurance where you pay a monthly amount – called a contribution or premium – in return for financial cover for medical treatment you may need, as well as any related medical expenses.
How Much Is Medical Aid In south Africa?
| Type of medical aid | Monthly cost for a family of three |
|---|---|
| Hospital plan with savings | R8,067 on Medshield MediSaver |
| Income-based plan | R8,595 on Fedhealth MyFed on an income of R14,427 and above |
| Semi-comprehensive plan | R11,952 on Bonitas BonClassic |
| Comprehensive | R18,182 on Discovery Executive |
Can I get medical aid if unemployed?
Fortunately hospital plans either in the form of a medical aid or hospital cash back plan do not discriminate based on your employment status.
In other words any person can have a hospital plan even if they are unemployed.
How do I choose a medical aid in South Africa?
10 tips on choosing a medical scheme
Full cover vs. a hospital plan.
Check your health.
Assess your finances.
Check a scheme’s payment record.
Check a scheme’s solvency ratio.
Scrutinise the table of benefits.
See an independent broker.
Find out about exclusions.
How does the medical aid work?
In a medical aid scheme, members pay a monthly amount called a premium or contribution into a “collective pot” that is administered by the scheme.
This money is then used to pay out medical claims made by members.
How quickly does medical aid work?
According to the Medical Schemes Act, medical aid schemes are entitled to impose a 3 months general waiting period and / or a 12 months condition specific waiting period(s) for any pre-existing medical condition(s).