Medical Aid Schemes RSS feed for this section

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SA’s new medical scheme set to disrupt the market

A new market entrant, Health Squared Medical Scheme, is set to “redefine healthcare funding” through a personalised approach to healthcare cover for members at all income levels. (more…)

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Better late than never? Not for your medical cover

By John Cranke, Financial Adviser, PSG Wealth Employee Benefits Midlands When we’re young and healthy, it’s difficult to imagine needing medical cover, and often getting this in place falls by the wayside. Delaying, however, can cost you considerably more than the monthly premium you’d pay, particularly if you are in your mid-30s and up. The […]

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Victor Crouser, Coastal head of Healthcare for Alexander Forbes

Attributes of a good healthcare adviser

AUTHOR: Victor Crouser, Coastal head of Healthcare for Alexander Forbes Most medical schemes announce their changes for the following calendar year from September onwards. The changes normally come into effect on 1 January and towards the end of the year is when members must re-evaluate their cover and determine if they are on the most […]

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John Cranke of PSG Wealth explains disability insurance

Considering cancelling your medical cover? Three costly consequences

By John Cranke, Financial Adviser, PSG Wealth Employee Benefits Midlands With monthly costs mostly on the up, many households may look to cutting their medical cover to reduce expenses, with some re-routing monthly premiums into shorter-term savings for an emergency fund. (more…)

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Damian McHugh, Head of Health Marketing at Momentum Group

Six ways to save on medical costs

According to Stats SA’s 2017 General Household Survey, only 17 out of every 100 South Africans have medical insurance, which is the key that opens the door to private healthcare. Across the globe, the cost of healthcare continues to drive consumers’ hands deeper into their pockets. Amidst tough economic times, however, medical aid plays an […]

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How Medical Savings Accounts are Changing – for the Better

By Jeremy Yatt, Principal Officer of Fedhealth. The concept of medical savings accounts (MSA) emerged in the industry in the early 1990s, reputedly when Discovery founder Adrian Gore was working at Liberty. At that time medical scheme benefits for different kinds of day-to-day healthcare were specified, so for example, members would get a certain amount […]

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Health Squared Medical Scheme set to disrupt healthcare market

Health Squared Medical Scheme set to disrupt healthcare market

A combined total of more than 80 years’ solid healthcare funding experience will soon unite following the launch of Health Squared Medical Scheme through a merger between Spectramed Medical Scheme (Spectramed) and Resolution Health Medical Scheme (Resolution Health) as from 1 January 2019. Both schemes’ members have voted in overwhelming favour of the merger with […]

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Shreekanth-Sing

Is your medical aid plan still right for you

AUTHOR: Shreekanth Sing, technical legal adviser at PSG Wealth It’s that time of year again, when medical aid schemes announce their benefit changes and costs for the year ahead. Given that medical aid costs are escalating faster than inflation, it can be tempting to look for ways to save. But it’s important to properly consider […]

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