CHOKED BY MEDICAL SCHEME PREMIUMS?
The most recent premium increases did not help to balance the budget. There is light at the end of the tunnel. Your employees do not need to be choked by their medical scheme premiums.
Most of us do not even consider changing to another medical scheme out of fear of the 3 months general waiting period that will apply. Even, if it could result in saving a R1000 on the monthly premium? Yes, it is possible to save that much and more on the monthly premium. What is even more insightful is the fact that you could end up having better benefits and pay a lower monthly premium, than on the medical scheme option that is more expensive. Is it worth it to shop around and compare medical scheme benefits and options? Absolutely!
Mmmm….you are thinking I am talking through my neck here. However, I do have a few tips that can save medical scheme members a lot of money. Care to read my suggestions?
If you have not evaluated your health cover benefits in the past couple of years, chances are good
- you could be over insured, in other words paying for a lot of medical scheme benefits you are not even using…
- or you could be under insured, paying a lot of medical expenses out of your pocket and do not have a thorough understanding of your medical scheme benefits.
Many people are not aware of the fact that they can up or downgrade on their exiting medical scheme under certain circumstances, without being exposed to any waiting periods.
The popular money saving strategy is to use medical scheme cover for in-hospital procedures and serious life threatening conditions like cancer, as these can be very expensive and impossible to self-fund under normal circumstances. However, with a doctor’s consultation at R500 and a normal flu prescription easily exceeding R700, the question arise if it is really beneficial to the personal household budget to self-fund these expenses?
A combination of a medical scheme hospital cover and health insurance to cover primary day to day expenses like doctor’s visits, prescribed medication, dentistry and optometry might just enable you to save for that family holiday or your child’s studies.
Speaking to your healthcare broker can save you money.
Chief Executive: Optivest Corporate Solutions
Optivest Health Services
Saving you money, supporting you for life