What makes Health Insurance so popular?
December 30, 2017
Popular Health Insurance plans are in demand for 2018. And the reasons are clear –
- Health insurance is less complex than medical aid with all its rules
- You have more control over hospital payments
- It offers solid benefits for those who have budget issues
- It’s not subject to the same rules as a medical aid plan
- There are different premiums for different needs
- The plan has no rigid reporting rules
Popular Health insurance and Costs
Unfortunately a good medical aid plan has become out of reach for many as the price is rising quickly. People are looking at Health insurance, a product created to bridge the gap, and meet their needs .
It’s going to get even more popular in 2018. Health Insurance, less expensive than a medical aid plan because of limited cover, is a plan you can afford.
Popular Health insurance and Why it’s in Demand
The law that governs a medical scheme has certain conditions that must apply in full ( called PMB’s). Regardless of which plan you’re on. Because this law doesn’t apply to Health Insurance, you’ll find that they may not cover all of the costs.
This is why health insurance is so popular. If you can’t afford a medical aid plan, health insurance can cover those big medical bills.
Popular Health insurance – No claim process
This saves a lot of time for those who no longer belong to a medical aid scheme. Unless excluded in their policy, you visit the service provider without having to pay. Health insurance pays the stated benefit out to the member. A big difference between Medical Aid and Health Insurance.
Popular Health insurance – New rules
New laws about the benefits they offer as well as the consumer-protection measures they have to adhere to came into effect early in 2017. The laws were put in place so as to ensure a clear line between a medi cal aid plan and health insurance.
You need to understand health insurance as certain insurance policies which resembled medical aid too closely have been phased out.
Health Insurance – Make sure it Meets your Needs
Whatever health insurance you choose, the product provider clearly states what theye offer because they aren’t designed to substitute medical aids.
Health insurance provides you with peace of mind. Should something happen to your health, you’ve got access to good care. Find the best providers, shortlist them and then choose the one that suits you.
In 2018, medical schemes and insurance providers intend to work closer so that there is an even bigger product range.
There is a huge growth in health insurance products, simply because of medical aid is so expensive.
All info was correct at time of publishing