Chronic Cover on Hospital Plans

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Most medical aid hospital plans include chronic cover which ensures that you can access medicines and some medical services for the treatment and management of your chronic condition. This is is an essential cover as most chronic conditions have serious and even life-threatening complications if it is not managed properly.

It is important to understand how the chronic cover works on medical aid and the way in which it takes care of you in the long run. Second to the hospital cover on medical aid, chronic care can be extremely expensive and often unaffordable in the private health sector without proper chronic cover. While hospital cash back plans also cover hospitalisation for chronic diseases, these insurance policies do not pay for the medication for chronic conditions. (more…)

Immediate Cover Hospital Plan with No Waiting Period

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In this day and age of consumerism, we expect everything to happen at the click of a button and the moment we pay for it. However, the insurance industry does not work like this. Whether you are taking on a medical aid or a cash back policy, the reality is that immediate cover on a hospital plan does not exist. Do not be fooled by false promises as some unethical brokers may advise differently. There are specific waiting periods both for a medical aid and cash back plan that is in place to protect you and other members of the scheme or clients of the insurance industry. It is important to understand how these waiting periods work and what exactly they mean.

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Medical Aid Hospital Plan Only

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Medical aids have different plans to suit the range of needs and affordability of its membership. The plans can be broadly divided into full medical aid which has both out-of-hospital and in-hospital benefits, or a hospital plan only. The latter is often cheaper and has become a preferred option among South Africans. With hospitalisation costs being exorbitant in South Africa, a medical aid hospital plan only provides cover for the more expensive medical bills. These hospital plans also have a chronic medicine benefit which covers the cost of treatment for chronic diseases. However, the day-to-day benefits are not available on a medical aid hospital plan only and patients will have to settle these bills in cash.

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What is a hospital plan in South Africa?

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The term ‘hospital plan’ is often confusing for most South Africans. There is talk about medical aids and insurance companies, getting cash for being in hospital and a host of jargon that flies above the head of most consumers. However, it is not all that confusing when you know the basics. A hospital plan usually refers to a type of medical aid plan or a type of insurance policy with cash payouts. In fact the financial products should more appropriately be referred to as a medical aid hospital plan or a hospital cash plan.

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