Medical Insurance
Medical Insurance insures individuals against the risk of incurring medical expenses and is governed by The Financial Services Act.
Features of a Medical Insurance
- More affordable than medical aid
- Used as preventive service with day-to-day benefits and generally limited specialist services
- May be used in conjunction with medical aid
- Covers certain accidental injuries
- You mostly pay one set premium for the whole family
- Gives you the option of including death and/or funeral cover
- Covers treatment at fixed or stated amounts paid on behalf of the member
- Offers stated benefits
- May or may not cover Prescribed Minimum Benefits.
For more information you may follow this link - What is the difference between Health Insurance and Medical Aid?