Med­i­cal scheme sav­ings ac­counts are a great fea­ture as they of­ten bail us out in times of need, such as when we have to pay for medicines or make co­pay­ments. But if we dip into them too of­ten, we could find our­selves with very lit­tle or no money left in t

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4MAKE“Use doc­tors from the scheme’s net­work, as the scheme will in­vari­ably have en­tered into a pay­ment ar­range­ment with the doc­tors and there­fore they will be paid in full and un­likely to de­mand a co­pay­ment,” says Kruger. Avoid to a spe­cial­ist when a doc­tor’s con­sul­ta­tion or ad­vice from a phar­ma­cist will suf­fice.


8CONSIDERMo­men­tum’s HealthSaver, for ex­am­ple, is a com­ple­men­tary prod­uct that can be used to en­hance your med­i­cal aid. “HealthSaver is only for med­i­cal scheme sav­ings – you can’t use it to buy air­time. It al­lows peo­ple to save more than reg­u­la­tions al­low them to.

“A sig­nif­i­cant num­ber of peo­ple buy the pure hos­pi­tal plan and then take the hos­pi­tal saver scheme. We give you up to R1 000 back for free in the health saver ac­count with the re­turns ben­e­fits,” ex­plains McHugh.

If you end up making sav­ings and there’s some­thing left in the kitty, re­mem­ber that any un­used med­i­cal sav­ings bal­ances ac­cu­mu­late year on year and are not for­feited at the start of each year.

So, if you’re savvy, what you save in 2017 can be used in 2018 and be­yond.

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