If you find yourself in the same situation as Richard Williams (the father of tennis champions, Venus and Serena) and your child shows a prodigy-like prowess on the tennis court, you may be naturally inclined to encourage his development with intense training. The excitement of an early retirement for you is certainly justified, but while you’re investing in professional tennis coaches and a strict training regime, perhaps the results of the following study will help you to change tack a bit. (more…)
It is important to find a financial advisor. The advisor will assist you in many things like selecting the right medical aid plan. Getting medical aid for your family is a smart move. However, South African medical aid schemes are very administration intensive. For those families who claim from their broker every month; should have a look into their broker so that any administrative hiccups can be handled in time. There are a number of disadvantages between advisors and clients. Nonetheless, there comes a time when reasons are abound for financial advisors to support medical aid schemes.
Every family needs to be in a medical aid scheme. Medical aids are ubiquitous and it is imperative to be covered. In the past few years, the average cost for medical aid has increased, and this means that an average family could spend close to 10% of their income on medical aid cover.
What other people don’t know is that there is a vast array of options to choose from when it comes to medical aid for your family. The legislative changes in chronic benefits and many other options enable prospective clients to select the appropriate medical aid cover at an appropriate cost. It is also very important to find an advisor who will discuss the family’s medical history, the number of kids expected and after that; come to a conclusion whether the family should go for a hospital plan or a threshold plan.
It has been said that Medical aids in South Africa are not cheap. Well, maybe that’s true. However; there are numerous medical aid schemes that have affordable and reasonable medical cover that suits you. All medical aids in South Africa pretty much offer the same plans. The only things that differentiates them from their competition is how they bundle the plans together to suit your needs.
It’s not about choosing the best or most well known medical aid in South Africa, it’s more about making a decision based on your family’s needs and your financial situation. Your family’s health care is essential and it is therefore important that you make the right decision from the start. If you are unsure of where to start, contact any medical aid company and request a needs analysis. I know for a fact that Momentum has an amazing excel spreadsheet that calculates which medical aid package you should be on and it gives you a cost estimate up front.
If you want affordable medical aid for moms; you need to do assessments. Try and figure out what you want, what you need and how many kids you have, or are going to have, then make a decision.
You know you have grown, when the roles have suddenly reversed and you come to your parents’ aid. It also feels good to help your parents out of a situation. It could be as small as driving out to help your mom replace a flat tyre in the middle of peak-hour traffic or as big as buying the folks a new house. What matters the most, however, is making sure that your parents’ health is well taken care of by taking out Medical Aid.
These days one is able to take family cover for their parents and make payments on their behalf, but make a mental note that your parents are older now and thus their medical aid needs will be a lot different from yours.
While considering medical aid for your family, it’s important to do a medical aid comparison to explore all the possible options that are out there and how much everything will cost you.
The medical aid scheme that your parents may benefit the most from is one with the following:
- Unlimited hospital cover
- Chronic diseases
- MRI’s and CT scans
- Clinical procedures
- Doctor consultations
There are countless medical aid schemes in South Africa, pick the best one by using a criteria of what your medical requirements are. Secondly, how affordable the scheme is; and lastly, how the Medical Aid will go out of their way to make sure that their members (Mom and Dad) remain happy and healthy.
As an outsider looking in, you don’t often understand the dynamics of a family unit. We all get the uniqueness of our own families, however we find other people’s relatives very weird… that’s why many married people do not like their in-laws.
One thing which all family members need to be on-board with is the type of Medical Aid Scheme they need to take. This decision affects everyone, the finances and overall health of the family members all depends on making effective medical aid comparisons.
The benefits that the family needs to discuss are:
- In-hospital cover
The benefits you get when you are admitted to hospital, and all the hospital costs that are covered by your medical aid.
Day-to-day cover pays for all out-of-hospital expenses such as specialists, social workers and optometry services.
- Comprehensive chronic disease
The medical aid needs to be affordable with occasional rewards and benefits for the members.
It is important to have the relevant medical aid scheme, no matter how weird a family you come from. At the end of the day we are all human; we all deserve quality health care. All the little imperfections that make us odd or socially awkward also make us very special.
Growing up we learned that the reason why the kids next door have cool new bicycles and you and siblings didn’t, was because not two households are alike. As a child this was a tough pill to swallow, especially because things such as money and expenses had very little meaning to most us.
Growing up, however, we learn about such differences and how they affect our lives. One thing almost every family in the world has in common, is the fact that we all need Medical Aid to provide accurate health care for all of us.
Compare the different Medical Aid plans to see which one best suits your family. Assess the plans according to:
What your family needs, do any of your family members suffer from Chronic Illnesses or will the medical aid be used to handle visits to the doctor.
Can the Medical Aid Scheme optimally cover your family and not leave you with financial burdens.
Does the medical aid offer special benefits to pregnant women? Are there any child programs and do you get special incentives from time to time for just being loyal clients?
Although no two families are the same we all want the best for our loved ones and the best access to healthcare comes in the form of medical aid.
Pregnant women looking for medical aid should remember that being pregnant is an expensive time in their lives; there are a lot of medical considerations to be taken into account. A normal pregnancy will see many visits to specialists, a complicated pregnancy however is twice as costly.
Nevertheless pregnancy is a special experience and those 9 months should be cherished. The life that’s growing inside could one day be the president of the country, or receive a Nobel Peace prize for finding the cure for cancer.
It is very important for families to have medical aid that covers the whole family. There are ample families out there that do not have
the luxury to afford medical aid, these families literally live on faith and when family members fall ill they have to rely on home remedies to work.
There are, however different types of medical aid schemes that offer different benefits, those that can afford medical aid need to compare medical aid plans on the following criteria:
- Hospital Claims:
Medical bills that are accumulated due to stays in the hospital; look at to what extent your medical aid covers hospital stays and how long it will take to pay your hospital fees.
The steady advances in science, technology, medicine and surgery over the years have been marvellous for mother and child. These days, especially since the advent of epidural and C-section births, having a baby is no longer as risky as it was for many women just a few generations ago. The good hospitals, doctors and nurses are so better geared to deal with any complications that might arise. But here’s the thing: the best doctors and hospitals aren’t cheap, to put it mildly. In fact, without the support of a comprehensive medical aid scheme, many expectant families will be struggling to make ends-meat even before the baby arrives, let alone afterwards.
Yes, it’s the medical care and procedures that moms and their infants receive and undergo in private hospitals that tend to be the most costly part of having a baby. Unless you’re wealthy or planning on using a government hospital, a hospital plan is the very least that you’ll need to cover the costs of the delivery, and post-natal care immediately thereafter in a ward where you won’t have to queue, and where there isn’t a shortage of beds. Before mom goes into labour, what about the check-ups at the GP or gynaecologist, the tests and scans to make sure everything’s going as it should during the nine months before it all happens? A hospital plan won’t cover these expenses, just as it won’t help you pay for the visits to the paediatrician et al after mother and child have checked out of the hospital.
For regular updates and information regarding medical aid for moms, visit the eMom.co.za website!
Married professionals generally know better than to take a chance with their families’ well-being. Why risk not being able to give them the medical aid they deserve in times of need? Perhaps right now you’d be able to pay up should, for example, one of your children have to go to hospital and require surgery or need treatment for a serious illness, but things can change. Heaven forbid that you should be caught by surprise and out of pocket if your wife’s or child’s life is at stake.
And of course, you need the back-up of a good medical aid scheme as much for yourself as for your family. Should you suffer an injury or become very sick, if you don’t have proper medical cover (or a big nest-egg stashed away somewhere) then the financial strain on your dependents could be huge. Even if you never have to go to hospital, even if your family stays healthy and manages to avoid injury of any sort, there are all sorts of expenses covered by comprehensive medical aid cover. (more…)