Tag Archiveshealth

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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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Consumers buy down on healthcare

  Consumers continue to take serious financial strain related to funding their health needs.  With healthcare costs growing at levels well-beyond inflation, the man on the street is left with little to no choice but to buy down on medical aid benefit options every year as a result of medical scheme benefit design, in a […]

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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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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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NHI will undermine, not improve, healthcare for all

Pressing ahead with National Health Insurance (NHI) will steadily undermine South Africa’s excellent private healthcare system, and overburden the country’s already gravely deficient public health system, at vast cost to taxpayers. (more…)

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