Understanding Health Insurance

Medical Aid vs Health Insurance Health care has become hugely expensive. These days, even a minor operation can have you digging into your long-term savings. The high cost of hospital stays, specialist fees and other medical expenses makes it important to have at least some form of medical cover. But should you consider medical aid or health insurance? These terms are often used interchangeably but in fact there are significant differences between them. Here we aim to provide all the information you’ll need to make the right choice for you and your family.

What is Health Insurance?
Medical Insurance mainly offers preselected benefits for daily health care needs such as GP visits, prescribed medication, dentist visits and eye health with the option to add on hospital cover.
Health insurance has definitely proven more cost-effective as it has allowed many people from the lower-income bracket or those who simply didn’t have the budget, access to top-quality, private healthcare facilities and services.
While the insurance premiums are affordable, the quality of care and services is top-quality, with members gaining access to private medical facilities and healthcare professionals.

Benefits of having health insurance
Health insurance provides several benefits. It offers financial protection by covering a significant portion of medical expenses. It ensures access to top-quality healthcare services at private facilities, including preventive care, screenings, check-ups, and treatments, which improve overall health, and early disease detection.