As the cost of living crisis seems to have no end in sight, consumers are trying to cut expenses and many are wondering if health insurance is a cheaper option to access private healthcare as they are not ready to give up better medical treatment to save money.
Health insurance benefits are typically modular in design, which means you can build up your cover for what you want covered as an absolute minimum, such as day-to-day cover for GP visits, dental, optometry and pathology to cover your primary healthcare needs, to more comprehensive cover for hospital events and maternity benefits.
Moodley says many families without any cover want to insure against a worst-case scenario and want cover for accidents and emergencies where time and access to immediate care is of the essence.The Golden Hour In-Hospital Accident Benefit provides accident-only cover at under R425 per month for a family of four .
“Health insurance steps in to provide cover for the most pressing of needs where medical scheme membership is simply not available, but consumers do not want to rely on deteriorating public health services for their most pressing needs, such as a GP visit, chronic medication, a tonsillectomy and treating a broken limb as a result of an accident.”Health insurance is cover for possible unforeseen events within a stated benefit structure.