WHAT QUES­TIONS TO ASK BE­FORE CHOOS­ING A MED­I­CAL AID

Finweek English Edition - - COVER -

UJ’s Naiefa Rashied sug­gests that you ask your­self the fol­low­ing: 1. How much can I af­ford to spend on a med­i­cal aid per month? 2. Does/can the com­pany I work for sub­sidise my med­i­cal aid? 3. How do the med­i­cal sav­ings for each med­i­cal aid that I am con­sid­er­ing ac­tu­ally work (is the med­i­cal sav­ings pool re­stricted per de­pen­dent)? 4. What is the med­i­cal aid’s wait­ing pe­riod (if you have any

de­pen­dent who has a chronic con­di­tion and/or is a pen­sioner)? 5. How ef­fi­cient is the med­i­cal aid in pro­cess­ing claims? 6. What cover do I get for chronic con­di­tions? (When ap­pli­ca­ble to a

de­pen­dent or in case you de­velop a chronic con­di­tion later in life.)

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