Having some form of private medical cover in SA is an unavoidable but expensive necessity.
Whilst various types of medical cover are available, the popularity of hospital plans is on the increase. Hospital plans are affordable it usually covers most in-hospital procedures and doctors’ and specialists’ fees.
Choosing a hospital plan that provides the best possible cover and value for money can be a daunting task, as medical schemes in South Africa all market and position their benefit options differently.
The most recently published GTC Medical Aid Survey, annually conducted by GTC Healthcare, compared different categories of medical aid benefit options. According to Gary Mockler, GTC Group Executive Officer, their GTC Medical Aid Survey included both micro and macro rating factors, as well as the likelihood of member support towards a particular medical scheme and its plans.
Cost of top 10 hospital plans
Based on the results of the 2017 GTC Medical Aid Survey, the top 10 open medical scheme hospital plans in South Africa, where members may use any private hospital or doctor and are not restricted to a selected network of providers, are listed below.
The table also lists the cost per adult member, as well as the cost of two adults + 2 children for 2018. It also highlights the likelihood of member support of each of the plans.
The GTC survey is described as a “definitive national survey”, however, whilst it is a powerful tool in itself, it is best used as a basis for evaluating and rating different medical aid plans. Anyone choosing a medical aid should always try and select the medical aid benefit option that will provide the best cover considering their healthcare needs along with what they can afford.
The information provided herein is for information purposes only and is not intended to flout or in any other way compromise the conditions prescribed in the Financial Advisory and Intermediary Services Act’s General Code of Conduct insofar as comparing different financial products with each other is concerned. Nothing herein contained is intended to be advice and any uncertainty regarding anything said should be referred to an accredited financial advisor.