There exists sometimes some confusion throughout the distinction between hospital plans and medical aid. Theoretically, a hospital plan is a form of insurance rather than a medical aid but some people choose to forgo medical aid and rely solely on a hospital plan as his or her medical cover. An associate of mine has chosen to go this route. He maintains he's young and healthy and does not get sick often, so he doesn't need an extensive medical aid with the costs that it entails, preferring instead to have a hospital plan in case he's injured or contracts a critical illness or something of that nature. There are numerous hospital plans on the marketplace, and even though they are specifically intended for the purposes of hospitalization, some of them have extras that allow them to bridge the gap between conventional medical aid and basic hospital insurance. Making use of their hospital plan Clientele does this.
This insurance carrier provides a hospital plan that gives cash back. The client is able to choose the cash reward they want and employ it for whatever they wish. For instance, you should use the cash portion of the hospital plan Clientele gives you to pay medical bills in a similar way that a medical aid would, or to replace lost income during hospitalization. It could help pay for a vacation to hurry your recovery nevertheless its true value is that it provides you with the peace of mind that your family will be looked after while you're in hospital. Additional features of this hospital plan would be the inclusion of maternity benefits and accidental disability added benefits in addition to coverage for pre-existing conditions with the exception of HIV/Aids.
In addition to their cash back hospital plan Clientele offers an enhanced cash return plan which can be in the premium class. This premium hospital money back plan can pay back an amount comparable to six premiums after 60 premiums have already been paid. This plan also includes an ICU benefit where the policyholder gets a cash benefit for every day spent in intensive care. Other benefits include an accidental death benefit and a dread disease benefit with all the added advantage that medical examinations will not be required. Needless to say, the monthly fees are higher for that enhanced hospital plan compared to the basic hospital plan but then the daily payment while you are in hospital amounts to R2000 more.
It is understandable that my friend would choose a hospital plan like the ones outlined above rather than spending money on a pricey medical aid he never uses, particularly because he is still young and fit. Besides, he admits that a hospital plan is all he is able to afford right now but he intends to take out medical aid cover additional to his hospital plan when he is older and earns a higher salary because by that time he might need it. In fact, many insurance companies offering hospital plans stress that a hospital plan is a kind of insurance but not a medical aid and suggest that hospital plans be purchased in addition to medical aid.
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