Are your health insurance costs too high? Try decoding your medical aid terms and conditions and associated costs to make sure that it works for you.
“While health insurance is important, it comes at a cost that is rapidly rising. Unfortunately for the consumer, this affects medical scheme membership contribution rates, and the increases of which are sometimes significantly higher than general inflation.
As schemes try to contain their costs in the face of increasing claims, they make changes to their plans and benefits, which can come as a surprise to the consumer,” says Mark Payne, CEO of the Independent Community Pharmacy Association (ICPA).
Annual review of your plan
He recommends that an annual review of your plan is absolutely vital, and will affirm that it is serving your needs rather than the other way around.
The ICPA advises on several important things you should look at when considering a new medical scheme or reviewi