Med­i­cal aid schemes: How they stack up

Finweek English Edition - - INSIGHT - BY BUHLE NDWENI

Choosi ng a med­ica l a i d scheme is of­ten a daunt­ing task and c o n s u me r s typ­i­cally go with what­ever suits their pocket, hop­ing it will cover their med­i­cal ex­penses when they need it most.

In an at­tempt to help em­ploy­ers choose the right med­i­cal aid scheme for their em­ploy­ees, GTC (for­merly Grant Thorn­ton Cap­i­tal) re­leased its f ifth GTC Med­i­cal Aid Sur­vey ear­lier this month, en­abling users to com­pare ap­ples with ap­ples as they weigh the costs and level of cov­er­age of­fered by the dif­fer­ent med­i­cal aid schemes. The med­i­cal aids were ranked ac­cord­ing to t he t y pes of plans (for ex­am­ple com­pre­hen­sive op­tions), net work or non-net work plans (a net work op­tion may be cheaper, but will have lim­i­ta­tions re­gard­ing the hos­pi­tals and doc­tors, for ex­am­ple, you can visit) and the costs in­volved.

Bas e d on t h i s y e a r ’ s r e p or t , Com­p­Care Well­ness’s Mumed NN med­i­cal aid op­tion, at a risk pre­mium

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.