Health Insurance
Stress is bad for your health, we’ve got you covered.
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Health insurance with Financial Wealth Capital
Sickness in the family is always a tough time for everyone. In today’s economy, it can also be very tough on the pocket as well. This is why it important to make sure you are duly covered for medical expenses whenever the need arises. Medical insurance can help you cover your clinical costs should you need medical attention, at a very affordable rate. Having a reliable medical insurance policy will allow you to deal with your wellbeing without agonizing over the expense. Medical insurance doesn’t offer similar advantages as a medical aid and is certainly not a substitute for it, however it is certainly a contending alternative in the event that you can’t manage the cost of medical aid.
Frequently Asked Questions
Any questions? Get your answers now.
How does health insurance work in South Africa?
Private health insurance providers in South Africa are regulated by the Medical Schemes Act, and healthcare packages are available for individuals and families. In some industries, health insurance is offered as an employee benefit, with the costs shared between the employer and employee.
Can you have 2 health insurance policies South Africa?
The short answer is yes, you can. You are allowed to have more than one health insurance, more thanone medical aid cover, or both at the same time. It is perfectly legal. But all the policies will not pay out at the same time.
Does health insurance cover you straight away?
When you take out health insurance for the first time, you may have to serve waiting periods before you are fully covered, but accident and injury will be covered immediately. If you are changing to a health insurance plan with improved benefits, there may be a waiting period before the higher benefits apply.
How many times health insurance can be claimed?
You can claim any number of times in your health insurance policy as long as the sum insured is not exhausted. The sum insured in your policy is the maximum limit which can be utilised by you for claiming any number of times. There is no limit on the number of claims that can be made in your health insurance policy.
What would your health insurance policy not cover?
Pregnancy and Abortion. Medical treatment expenses for pregnancy and abortion is not covered under health insurance. Even if it is a caesarean section or complication due to pregnancy, insurers do not consider pregnancy as a condition to be included in a health insurance plan.
