Reasons For Hospital Plan Insurance
 

Reasons For Hospital Plan Insurance

You need to understand that a hospital plan is not a medical aid scheme. Hospital plan insurance is an income protection policy. If you are in the hospital, you are generally not able to work. Hospital plan insurance pays you money for each day you are in the hospital, with certain terms and conditiHospital Plan Insuranceons.

Understanding hospital plan insurance

Many South Africans are opting for hospital insurance because medical aid schemes are exorbitantly expensive to be a part of, but is this a wise thing to do? Hospital plans in South Africa also offer funds to pay for your hospital stay and some companies like Day 1 Health offer comprehensive hospital cover plans that act the same way as medical health schemes. They pride themselves on providing the South African market with an affordable and sustainable health insurance solution for the uninsured market. Day1 Health was 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.

Hospital plans are easy to take out and are not costly, but here are things you must know before considering taking out hospital insurance.

Hospital plan insurance vs. Medical Aid

  • Medical costs are increasing very fast with existing medical aid cover falling short of meeting these costs, often substituting medical cover for hospital cover is a bad idea, because your hospital cover does not cover out of hospital medical expenses. Day1 Health is one of the only companies that offer hospital cover with day-to-day benefits out of hospital.
  • Do not be fooled into replacing your medical aid cover for a hospital plan. They have two separate objectives.
  • Read the list of inclusions and exclusions on your hospital policy to see exactly what you are covered for.
  • Hospital plans in South Africa come in a variety of options, some pay out less per day from only the second or third day in hospital for example, to those that pay out R5 000 per day from day1. Make sure you know which hospital insurance plan you can afford to pay monthly.

Your solution?

Day1 Health was initially 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.

Summary
Reasons For Hospital Plan Insurance
Article Name
Reasons For Hospital Plan Insurance
Description
You need to understand that a hospital plan is not a medical aid scheme. Hospital plan insurance is an income protection policy. If you are in the hospital, you are generally not able to work. Hospital plan insurance pays you money for each day you are in the hospital, with certain terms and conditions.
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Publisher Name
Likemoney


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