Health insurance in South Africa is a forever-growing industry with new insurance companies entering the market all the time. There are a lot of people living in South Africa, and therefore disease and illness can spread quickly. It is highly recommended that you as a South African should obtain proper health coverage.
A large percentage of the population in South Africa is in the lower income bracket or underprivileged. As a result, many people have to rely on the public health care system, which is over-used and under financed. Many middle to higher income earners have to take out private health insurance from private companies which can be rather expensive. South Africa has recently had significant challenges in the healthcare sector over the past decade with high rising medical costs. Therefore medical aid and hospital plan providers had to get crafty by creating insurance schemes that could be afforded by the general public. A relatively new company called Day1 Health has entered the market with a bang. Day1 Health offers a hospital plan with medical aid benefits at a very affordable rate. This way you can get affordable medical cover without damaging your wallet.
There is an abundance of insurers offering medical aid and hospital plan schemes in South Africa, and it is important to shop around and look for policies that suit your needs. It is also imperative that you read all the fine print, as many health insurance providers will do anything not to have to settle a claim.
The future of the health care system in South Africa is uncertain. The government has proposed a National Health Insurance (NHI), which will provide free medical care for all, although some skeptics say that Government’s ambitious health care plans are likely to fail. If you are looking to take out health insurance in South Africa, compare medical aid schemes on Likemoney to find the best covered to suit yours and your families needs.