Isn’t she lovely…?
Two types of insurance products that are often misunderstood are “Medical Aid” and “Hospital Cash Plan”.
Our previous article on prescribed minimum benefits (PMBs) highlighted some challenges medical schemes face about the the “pay in full” regime.
Ever wondered about the best and the worst medical aid schemes in South Africa?
Prescribed Minimum Benefits (PMBs) were introduced to prevent unfunded dumping on the state and to improve efficiency and cash flow for public hospitals.
According to a recent judgement of the Supreme Court of Appeal, all medical schemes have to pay PMB benefits in full in the private sector.
Different strokes for different folks, but why is Peter paying R5 967 for his hospital plan, but Paul only R3 465?
Hospital plans are designed to provide cover for private healthcare funding for the unknown or unexpected and expensive mishaps in life.
Every month a big chunk of your income goes into your medical scheme contribution.
The issues and complexities around regulation 8 and section 29(1)(p) of the Medical Schemes Act (MSA) are difficult to understand.
Regulation 8 – unplugged
July is National Savings Month