Age limits are an important consideration for hospital plans because depending on what you may be looking at for cover, you may be too young or too old. It ultimately depends on the type of hospital plan you are looking at. In South Africa, the term hospital plan is used so frequently but very few people understand that it is an umbrella term which refers to different financial products, namely medical aid and a hospital cash back plan. Similarly the minimum and maximum age criteria and limits for cover varies according to each type of hospital plan. Here is a quick overview :
- Any person of any age can join a medical aid.
- A hospital cash back plan is only open to people under the age of 65 years.