Tag: hospital plan
Medical aid & medical insurance – what’s the difference?
There is a lot of confusion and misunderstanding when it comes to medical aid versus medical insurance, and where hospital plans fit in, and this can make it difficult to decide what the best solution is to meet your needs. The reality is that they are not the same, and you cannot actually compare them, as they offer completely different benefits and serve different purposes.
Medical Aid – are you covered if you test positive (or...
While people who contract COVID-19 (corona virus) who are under the age of 80 and do not have any pre-existing conditions - such as cardiovascular disease, diabetes, chronic respiratory disease, hypertension or cancer - are most likely to experience only flu-like symptoms, those who are over 80 years’ of age or individuals with pre-existing conditions are certainly at a much greater risk.
Prevent retirement income erosion from rising medical aid costs
It is, statistically, an inescapable part of life that our medical costs and expenses will rise considerably as we become older. Retirees who are drawing down fixed incomes must deal with escalating costs of medical aid and expense shortfalls, creating a significant challenge in coping with erosion of their income at a rate that outstrips the growth of their invested capital.
