The introduction of hospital plans has meant a new way for people to get medical treatment in cases where it might otherwise be impossible. It is hoped that this will encourage more hospital patients in South Africa to avail themselves of a hospital plan. Hospitalization rates are on the rise in the country, as hospital staffs struggle to cope with the increased number of patients requiring treatment. This has been amplified by the increased prevalence of AIDS and other infectious diseases in the country. As a result, hospitalization charges have steadily increased – an issuea that has been exacerbated by the inability of hospitals to increase their capacity to treat patients.
Hospital Plans Since have excluded almost all medical aids covered under the Short Term Health Insurance Act, hospital plans sold by banks have specifically excluded all hospital schemes registered under the Short Term Insurance Scheme. These schemes, often sold by banks, will generally provide much lower benefits as compared to those offered by Medical Aid schemes, largely due to the high charges that they charge out compared to Medical Aid schemes. A good example of such a bank medical aid plan is the South African Medical Supervision Scheme (SA MSMS), which has set a limit of three days of hospitalization costs. Other notable schemes include the South African Medical Reimbursement Scheme (SMRS), the South African Health Fund (SAHF), and the South African Respite Care scheme (SCRC).
What Are the Benefits of the Hospital Plan? Well, it is clear from the foregoing that the benefits of this scheme are many, ranging from lower premiums to more time to complete the needed treatment. However, some disadvantages need to be taken into account. Chief amongst these is the waiting periods involved. Even though waiting periods are typically less than three days in South Africa, most medical aid schemes that are sold to private investors tend to require longer waiting periods.
How do you Compare the Different Benefits and Disadvantages of South Africa’s Top Medical Aid schemes? This is where comparing different schemes becomes very useful. Medical Aid provides an opportunity for investors to get better deals than the general market, since the rates charged here are quite low, and the benefits that can be expected here are also quite high. For investors interested in investing in South Africa’s top medical schemes, there are several avenues through which they can access the information they need, including online quotes from insurance brokers, or browsing the websites of different health institutions.
Why Should I Consider a South African Hospital Plan? One of the major benefits of a hospital plan in South Africa is the availability of hospital treatment at a fraction of what it would cost in the country’s private health care system. As noted above, the waiting period for surgery is less than 3 days in some cases, while costs are also reduced. As compared to the private health care system, the medical schemes offered by these hospital plans have a better quality of care and hospitals with excellent infrastructure and staff are usually more costly in terms of salaries, overhead, etc. However, should you still want to receive medical treatment in the private sector, then there are quite a few private hospitals located in and around the metropolitan cities of Cape Town, Durban and Waterberg. There are also quite a few private hospitals in the Eastern Cape that cater to foreigners.
What Types of Hospital Plans Are Available in South Africa? Currently, South Africa has a wide variety of hospital insurance options available to its residents. While there are government-based hospital plans that offer free medical care, these tend to be quite limited in terms of coverage and procedures, and free medical care tends to be quite expensive as well. If you are interested in investing in South African hospital insurance policies, there are several insurance companies, agents, brokerages, etc., all offering a wide range of hospital plans in South Africa.