How to do an annual review of your medical scheme plan

November 9, 2018

The year end is approaching,so  it’s time to conduct an annual review of your medical scheme plan.

It’s no secret that the average consumer in South Africa is feeling the pinch of a tough economy and may be looking for ways to reduce monthly living expenses, reduce their medical aid premiums.

Perhaps you can get more cover for less!

SAnnual Review of Medical Aido as part of your annual review, click here to request the following:

– Needs-specific medical scheme quotations
– Easy-to-understand medical scheme information.

What can you expect?

We will then send a consolidated view of customised medical scheme options to guide them to make the best choice.

10 Annual Review Tips

Remember, you get what you pay for
Medical schemes operate on the principle that the contributions received from members should cover any claims paid out. The way to control this is to limit the benefits based on what you can afford to pay.

Don’t make hasty decisions based on immaterial value adds
While medical scheme loyalty programmes have become a big attraction for some (with cheaper movie tickets and gym memberships), be careful not to make these the sole driver when deciding on a medical scheme.

Start by understanding the cover you already have and how it may change for 2019
It’s no secret that the average consumer in South Africa is feeling the pinch of a tough economy and may be looking for ways to reduce monthly living expenses.

Decide what benefits are the most important to you and your family for 2019
Most people choose their medical plan based on cost, the levels of medical cover provided, day-to-day limits on medical expenses and chronic benefits.

Please note that the window for medical scheme renewal closes on 30 November 2018.
Click here to request a comparative medical aid quote. It’s vital when reviewing your medical plan.

 

All info was correct at time of publishing