Compare Medical Schemes to Get the Best Deal
May 5, 2014
It is important to compare medical schemes. That’s so that you get the most economical medical scheme that can efficiently pay all your health-related costs. Whenever anybody in your home gets ill and hospitalized due to a severe condition or due to accidents, you can benefit by belonging to a medical aid. Depending on the level of medical cover that you have, you may have cover for day to day medical expenses.
Insuring your health and that of your family with a good medical aid scheme is essential.
But there are affordable medical schemes. Get comparable quotes in order to find them. Rather than talking to an insurance broker, why not request medical insurance coverage quotes on the web.
Specifically what are the two most important requirements for getting top class medical aid?
Tips When You Compare Medical Schemes
1) Waiting periods. Individuals who had a break in insurance protection cover after the age of 35 can expect longer waiting durations. Similarly your waiting durations can be longer if you have never been a member of any medical aid scheme previously. These waiting durations prevent people from joining medical aids unfairly. They may know they are going to need medical treatment soon.
Normally individuals who select medical aid schemes after 35 and without any previous insurance coverage schemes need to await a minimum of 3 months to acquire all the insurance coverage benefits. There is likewise a twelve month waiting period for getting various other specific benefits linked to certain business insurance coverage schemes. In case of women who are pregnant, the medical aid quotes usually do not provide any insurance protection cover for the birth of a child for the first year of membership.
Look Out for These
2) Higher premiums for late joining. The bulk of medical aid quotes charge higher insurance protection premiums for individuals who sign up at 35 or older. It is called late signing up with charge and lots of insurance coverage company take higher premiums from such people. When they are young and healthy, this charge is waived to encourage people to opt for medical aid scheme membership at a younger age.
It is essential to choose a new medical scheme by first getting a range of comparative medical quotes, especially if you are switching schemes. If you currently have a history of previous resignations from medical funds, then you might have to pay a premium.
The above two aspects – late registration with charge and waiting periods – are two crucial aspects influencing your medical scheme premiums.
There are other important facets that the medical schemes note when you compare medical schemes. These include your age, your financial status, your health status, your occupation, your marital status, your number of dependents, etc.
Phone a medical aid broker or make use of online services (such as on this page) to compare medical schemes in order to get the best possible cover for the lowest possible monthly premium.
All info was correct at time of publishing