Coronavirus Lock down is Taking My Money

Our income is under threat. We all need to cut or costs.

Before you terminate your medical aid, please consider this advice.

new on lockdownJUST IN!!

The leading medical aid has 2 initiatives to assist their members during the Covid-19 outbreak:

  • Members may pay up to three-months medical scheme contributions from positive (carry-over) MSA balances
  • Qualifying SME employers are offered a concession to defer up to two-months of medical scheme contributions of their employees. These contributions would need to be repaid over a period of up to 12-months after the deferment period, interest-free.

Appoint us and we can investigate your options at no cost to you!

It is an undeniable fact that, whilst the lock-down may be vital to “flatten the curve” and allow the South African healthcare services prepare for the worst, at the same time it is destroying our income and savings.

But, saving of lives can never be compared to strangling an economy … at least in the beginning!
The drop in new infections is partly due to the lock-down, but increasingly more and more lives are being put at risk by having no money to live off.

The threat of poverty related illness and crime is going to increase and something will have to be done to reduce the severity of lock-down It is only a matter of time.

However, this thinking does not help us today. We all are facing (or soon will be ) reduced incomes. This is going to affect nearly all of us and affect us soon.

The media is packed with options on debt relief, guides on how to budget, take payment holidays, start second – online- career, reduce your home bond and wisely spend your money during the lock-down
Just Google and see.

This blog is specifically written about your Medical Aid - especially if you are paying for it yourself and are not a company employee.

In tough times one of the first “expenses” that people look to reducing is insurance. And Medical Aid unfortunately, lies in that segment of our budget.

Medical aid is seen as a burden purchase.
A cost that does not give us a happy return.
Something that we can relatively safely do without.
Or can we?

All we see, hear and read about today is Covid-19 related illness!
So, we can be forgiven if we tend to forget that all the other illnesses – that were present before the Corona Virus – are still there!

All the healthcare threats that required us to join a medical aid, still exist.
And in fact, may be heightened if we get this virus!
Illnesses and accidents have not gone away!

private hospitalThe cost of private hospitalisation has not reduced!

Conditions like broken bones, appendicitis, cancer, heart attack, stroke and kidney concerns still threaten us.
Just because you can’t drive or run around as we used to does not mean that if you fall down the stairs at home you won’t suffer a fracture that requires surgery.

You may also have underlying medical concerns you do not even know about, like insulin resistance that Covid-19 just loves!

If you get the virus, you get complications.
And complications may mean you go to hospital.

And with the pressure on all our hospitals because of patients ill with the virus, you may have no choice but to go private and be faced with all that extra cost.

Who will then help you with paying those costs?

Please don’t stop your Medical Aid!

The risk you face without help to pay those costs is too great.

If you don’t have medical aid, you cannot afford the best care and may land up in a facility that is overrun with Covid-19 victims – who also have no medical aid (and not because of their doing.)
That is not something anyone wishes will happen.

What must I consider for my medical aid need?

It goes without saying that you need at least a hospital benefit medical aid.

A plan that will guarantee you admission to a private hospital.
No up-front deposits to pay.
A plan that offers unlimited cover.

A plan that pays for:

  1. life-threatening (accident, stroke, heart attack, etc.) and life-sustaining (cancer, kidney, etc.) treatment.
  2. casualty treatment.
  3. specialists and treatments like MRI and CT scans.
  4. in-hospital radiology and pathology.
  5. diagnostic scopes (gastroscopy, colonoscopy, sigmoidoscopy and proctoscopy)
  6. chronic medicines you may be prescribed.
  7. mental health – so important in these uncertain times.
  8. day surgery procedures and treatments like biopsies, eye, ear, nose and throat procedures

These are a few examples of what we may face in hospital – irrespective of the Corona virus!

medical aidWhat type of Medical Aid plan is really affordable?

Most schemes offer lower-cost plans.
Plans that offer only in-hospital benefits and chronic medicines.

You should investigate whether your current scheme will allow you to change your plan to a lower cost option in light of the current economic crisis. Medical aids do allow this once a year and may allow you to do it now? ASK THEM!

Your greatest financial risk lies in private hospital costs.
Most people can comfortably manage day-to-day expenses like doctors, dentist and chemists.
If you are going to land up in debt as a result of medical costs, it is more than likely going to be from hospital costs.

So never be without at least a hospital benefit medical aid - especially these days!

There are income-related plans you can consider, where the premium is based on what income you earn.
The lower that is, the less the premium you pay – for the identical cover as that of high-income earners.

You do need to use providers linked to that scheme. But, they are private hospitals, doctors and specialists.
There is an income-related plan that will allow you access to any hospital!

One particular income-related premium (network plan) is larger than most medical aids!
That must mean something!
Join this plan and you get lower premiums with the largest and most secure scheme in South Africa!!


Consider a plan with in-hospital benefits only.
You take care of the smaller, day-to-day costs you may have.

We have a plan that allows you unlimited hospital cover at any hospital you choose and also pays most basic, as well as some enhanced dentistry benefits!

Yes, cover both your medical costs risks – private hospital and dentistry costs – in one affordable plan!

Investigate what options are open to you before stop your medical aid because you cannot afford it.
It is too much of a risk for anyone to take!

Why not consider another scheme, if you cannot switch to a plan you want within your current medical aid?
You need to accept that you will be subject to underwriting by the new scheme and may suffer waiting periods. However, this may be an acceptable risk for you,especially if the alternative is no medical aid at all!

Contact me as I have been a professional medical aid broker for more than 30 years.
I know the difficulty of understanding the "small print" around medical aids! I can help you find a plan that will make sense to you and that will meet your needs and wants. I will confirm everything with the scheme you choose to join - quickly!

We promote more than 5 medical schemes.
By authorising us to deal with your medical plan - at no added cost for you – we can help you with any concerns you may have. From benefit queries to administrative problems. And assist with your annual renewal process.

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Last update: April 6, 2021

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