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A Health Policy To Suit Your Situations  Uploading ....There's a difference between medical aid servicesand a health policy. The latter is an insurancecoverageproduct, which means that you take out an insurance plan against certain healthproblems and settlement on claiming is paidstraight to you, tax free.
Some health policy solutions seem to offer some overlap with medical aid systems in terms of the solutions offered, which are not fully detailed, yet seem to offer some advantages usually linked to medical schemes. It might be well worth it to take some time to do detailed research into these plansbefore making a conclusion. Some health policyproducts and solutions offer various alternatives, which are service and premium related, so you should be sure what it is you expect from such insurance plan. The vast majority of major insurers are players in this industry and there are also numerous perhaps lesser known players, but with fascinating products. Quotes very often can be acquired online, but you could also speak to a broker to find out more. The world wide web provides valuable details on the products and if your quest isweb-based, you should be able to discern the differences between solutions. To tweak your research you could then phone the insurers or at least E Mail them for more information for clarification purposes. For more information on comprehensive insurance go to https://www.instantlife.co.za.
A health policy product seems to be available in three main categories, i.e.: A Hospital Plan, Dreaded Disease Insurance, and policies offering a variety of services. These plans are normally considered by people that are self employed or as supplementary products to medical aid schemes. Hospital plans are insurance products that offer a daily allowance for time spent in hospital. Payments are only paid after 3 days of stay in hospital and entail an amount of R5000 as maximum daily payment. The average stay in hospital is some 5-7 days, so the highest payout you couldanticipatein such a case is R20 000, in case you have selected the maximum benefit. Payouts are tax free as it is an insurance policy payout. Dreaded disease insurance can be connectedto life insurance coverage and provides for insurance against contracting any of the classified dreadeddiseases. On contracting any one of these diseases (heart conditions, stroke, cancer or HIV AIDS) a maximum of R5M is payable to be used for treatment or rehab costs or such purpose as determined by you - again such payment is tax-free. It is advisable to carefully examine the conditions and terms of each insurer offering the product as they do fluctuate, sometimes rather significantly. The last type of health policy is of a type where there seems to be a mix of functions. These plans offer many options which are premium driven and will include many services but are not as in depth as a medical aid scheme, although they offer having access to daily care, but on a limited financial assistance basis.
As said before these forms of health policy, are often considered by self employed people who do not have the option of a subsidised medical aid scheme, so they are more cost-effective and maybe a combination of products will match your conditions best.
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