Tag - medical aid

Too young to get ill?

A person under the age of 35 is more likely to claim for income protection or disability than death. While life cover may not be a priority, protecting your future income should be. When Greg, aged 35, was rushed to hospital after a virus attacked his heart, it gave him a serious wake-up call. The attack came out of the blue. For all intents and...

Finding cost-effective medical cover

We set ourselves a challenge to try and find medical cover for one of our readers. Our findings show that medical cover is expensive for many middle-income earners and that a comprehensive hospital plan is possibly the best option. Elizabeth has three children aged 3, 6 and 9. She has a take-home pay of R15 000 and has to fully cover the costs of...

More clout for medical scheme members

The Council for Medical Schemes (CMS), which is the regulator for medical schemes in South Africa, has initiated new processes to put more power in your hands so that you are able to take on large medical schemes. Consumers have always been able to take complaints against their medical schemes to the CMS, but it has typically been a case of David...

Why companies pay you to be healthy

Many medical schemes and life insurance companies offer wellness incentive programmes to their clients. Considering the monthly membership fee is usually less than R200 a month per family, it is insignificant compared to the value of the discounts offered. It is clear that these reward programmes are costing the companies millions of rands. Take...

What to expect when you are expecting

“What to expect when you’re expecting”, the latest American blockbuster that was released in South Africa in June this year, put the spotlight on the journey by parents-to-be as they prepare to become parents for the first time. This is both an exciting and overwhelming time and once the baby arrives financial planning is probably the last...