You will find there's a distinction between medical aid schemes and a health policy. The latter is an insurance product, meaning youadopt out an insurance plan against certain health concerns and payment on claiming is paid directly to you, tax free.
Some health policy solutions seem to offer some overlap with medical aid plans with regards to the services offered, which are not fully extensive, yet seem to offer some positive aspects usually linked to medical schemes. It could be worth your while to take some time to do thorough research into these plansprior to making a choice. Some health policy products offer various options, which are support and premium related, so you must be sure what it is you anticipate from such plan. The majority of the major insurance companies are players in this market and there are also numerous perhaps lesser known players, but with interesting products. Rates often can be obtained online, but you could also speak to a broker for more info. The web provides valuable details on these products and if your quest isinternet based, you should be able to discern the differences between solutions. To optimize your research you could then phone the insurers or otherwise E Mail them to learn more for clarification purposes. For more information on affordable health insurance go to https://www.instantlife.co.za.
A health policy product seems to be easily obtainable in three main categorizations, i.e.: A Hospital Plan, Dreaded Disease Insurance, as well as policies offering an assortment of services. These plans are generally considered by individuals who are independantly employed or as supplementary products to medical aid schemes. Hospital plans are insurance products that offer a daily budget for time spent in hospital. Payments are only paid after three days of stay in hospital and entail an amount of R5000 as maximum daily payment. The typical stay in hospital is some 5-7 days, so the maximum payout you couldanticipatein such a case is R20 000, in case you have chosen the maximum benefit. Payouts are tax-free as it is insurance coverage payout. Dreaded disease insurance can be linked to term life insurance and provides for insurance against contracting any of the classified feareddiseases. On contracting any one of these diseases (heart disease, stroke, cancer or HIV AIDS) a maximum of R5M is payable to be utilized for treatment or rehab costs or such purpose as determined by you - again such payment is tax-free. You need to examine carefully the conditions and terms of each insurance provider offering this strategy as they do vary, sometimes rather drastically. The last kind of health policy is of a type where there seems to be a variety of functions. These insurance policies offer several choices which are premium driven and will include many services but are not as in depth as a medical aid scheme, though they offer having access to daily care, but on a limited financial aid basis.
As stated before these varieties of health policy, are often considered by self-employed individuals who don't have the option of a subsidised medical aid scheme, so they tend to be more cost-effective and perhaps a combination of products will fit your situations best.