You’re probably wondering what exactly a hospital plan is. But if you’ve navigated through other sections of our website you should have a clearer idea and are ready to fill in the form below to compare hospital plans in South Africa.
Nevertheless, you can never be too informed, especially about a financial decision that will impact your budget, and this is why we have provided you with more information below.
Hospital Plan Cover
This Is What A Hospital Insurance Plan Is
- It is a short-term insurance product which you can continue with indefinitely or retire at any time you want.
- The policy pays out a sum of money directly to you and not the hospital. You can then do whatever you wish with the daily payouts or lump sum amount.
- It is many times cheaper than a medical aid.
- It only applies for GP, specialists, clinic and hospital visits usually after staying more than 2 consecutive days at any of the mentioned institutions.The reason for this is because South African law qualifies you to paid sick leave. After exceeding you prescribed sick days, your employer is not obliged to compensate you.
Therefore, this is where a hospital insurance plan gives you a safety net because you can still make money, i.e. receive payments from your policy, for the remainder of the days that you are hospitalized.
You will find that the same companies that offer medical aids also offer hospital plans as a more affordable alternative.
Typically, if you have a hospital plan, should you consider buying a life cover policy, your life insurance premiums may dramatically reduce because you already have a hospital plan.
This Is What A Hospital Insurance Plan Is Not
It is not a long-term insurance product.
It is not a medical aid. Medical aids pay for medical and surgery bills directly to the hospital or surgeon, etc. However, you can take the money you receive from you hospital plan policy and pay for the costs of your hospitalization.
It is not gap cover. Gap cover or shortfall insurance pays the difference between what your medical bills cost and what your medical aid is willing to pay.
We have provided you with all this information so that you can fully understand what you are researching and probably buying into – that the product we will provide you quotes for when you fill in our form below is in fact for premiums and prices of hospital plans and not medical aid.
There are just 3 easy steps to getting in contact with only the best healthcare insurance companies in South Africa:
Educate yourself like you have by reading the information above or visit our other sections for affordable hospital cover for example.
Get obligation free quotes from up to 13 different providers by filling in the form below with the right information.
Sit back and relax as you will be on your way to saving on average 29% on your monthly premiums by using our services.