Having adequate medical cover is vital, especially due to the rising costs of medical care. However, how do you pick the best option for you? A lot of people are under the assumption that medical aid schemes and hospital plans are the same things. Generally speaking, the biggest difference between medical schemes and hospital insurance is that medical aid has day-to-day medical expenses covered like optometrist visits, dental appointments, etc. Hospital plans commonly only provide financial cover for your stay in a hospital. There is a new company on the market that combines medical aid with hospital plans and it’s currently the best hospital plan rated by Likemoney users. Day1 Health.
Medical aid schemes and hospital plans are often confusingly offered by the same companies. Both medical schemes and hospital insurance policies can be administered by the same companies, however, the products in itself are entirely different, and each operates under own rules and laws.
With hospital plans, a fixed cost per day is paid as per the policy based on a particular health event, regardless of the actual procedures and treatments that take place. This is in contrast to medical aid schemes, where benefits will be paid based on the tariff codes applicable. Some procedures may also attract co-payment and/or the option rate might be lower than the cost charged by the doctor.
A relatively new company called Day1 Health has entered the medical cover market with a big bang. Day1 Health is the first Non-Medical Aid’ product provider to join a Pre-Paid Preventative Health Care solution for primary day to day care to a stated benefit hospital plan. Designed for the uninsured working population, Day1 Health has developed cost effective solutions for both individuals and groups covering: Unlimited Day to Day GP consultations, including Acute and Chronic Medication, hospital cover for illness, Accident, and dread disease events.
If you want to know more about Day1 Health products, please fill in your details HERE, and an agent will call you back and hopefully get you the best hospital plan on the market.
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