Is a Bare Bones Medical Aid Plan Right for You? It’s a good question and maybe it is…For those who are young and in pretty good shape making sure that they have an adequate medical aid plan backing you up is something that is often rather low on your list of priorities. Younger people can go for months, even years, without needing to so much as pay a GP a brief visit so paying for any kind of medical aid plan can seem like more than a little bit of a waste of money.
While that kind of thinking is reasonable, especially if you are trying to make it on a limited budget and want to keep expenses and outgoings limited to real essentials, but what do you do if disaster strikes? None of us want to think about disaster, but it is wise to prepare for ‘just in case circumstances’. You certainly don’t want to be in a situation where you are forced to take out loans to cover unforeseen medical expenses.
Bare Bones Medical Aid Plans – What They Really Are
To avoid these kinds of rather nightmarish circumstances even young healthy folks should really consider a ‘bare bones’ medical aid plan. Every medical aid company – and there are certainly a lot of those these days – offers a minimum of one or two plans that would probably be considered ‘bare bones’, but just what does that mean?
Bare bones medical aid plans – also sometimes known as ‘basic’ – provide the minimum coverage available. Usually the only services covered are those rendered in a hospital setting, a true bare bones plan rarely covers GP visits. It will cover the list of medical conditions and treatments under Prescribed Minimum Benefits (PMBs) as such coverage is strictly mandated by law. The PMBs cover these 27 chronic conditions on the Chronic Disease List conditions:
- Addison’s disease
- Bipolar mood disorder
- Cardiac failure
- Chronic obstructive pulmonary disease (COPD)
- Chronic renal disease
- Coronary artery disease
- Crohn’s disease
- Diabetes insipidus
- Diabetes type 1 and 2
- Multiple sclerosis
- Parkinson’s disease
- Rheumatoid arthritis
- Systemic lupus erythematosus
- Ulcerative colitis
There are still certain requirements that have to be met to obtain higher levels of care for these conditions but those who opt for a bare bones plan do have some peace of mind that the basic, essential care needed would be covered.
Shopping for a Bare Bones Medical Aid
If you have made up your mind to start ‘shopping’ for a bare bones medical aid plan its worth remembering that you still need to take some time to compare the numerous offerings you’ll encounter. Some plans do offer more than others and in some cases for just a small extra premium every month (small as in the price of a couple of those fancy coffees) you may find you can go ‘up a level’ to gain a little more coverage that would allow you, for instance, to get annual checkup with a GP to help you make sure that you stay as healthy as you are now for as long as possible!
All of the information you encounter may seem a bit overwhelming it is best to enlist the services of a Medical Aid Consultant, these are professional people who know all the Medical Aids inside out. These professionals will find you a scheme that suits your budget and your circumstances, the service is free and often ends up saving you money too. Contact www.sweidanandco.co.za today for peace of mind.