There exists sometimes some confusion throughout the distinction between hospital plans and medical aid. Technically, a hospital plan is a form of insurance rather than a medical aid but some people decide to forgo medical aid and rely solely on a hospital plan as his or her medical cover. A friend 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 all the costs that it entails, preferring instead to have a hospital plan just in case he's injured or contracts a serious illness or something of that nature. There are numerous hospital plans on the marketplace, and although they are specifically intended for the purposes of hospitalization, some of them have extras that permit them to bridge the gap between conventional medical aid and basic hospital insurance. With their hospital plan Clientele does this.
This insurance carrier offers a hospital plan that gives cash back. The client is actually able to choose the cash benefit they want and employ it for whatever they wish. For instance, you can 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 in order to replace lost income during hospitalization. It can help pay for a vacation to hurry your recovery but its true value is that it provides you with the peace of mind that your family is going to be looked after while you are in hospital. Additional features of this hospital plan would be the inclusion of maternity benefits and accidental disability added benefits as well as coverage for pre-existing conditions with the exception of HIV/Aids.
In addition to their cash back hospital plan Clientele provides an enhanced cash return plan which is in the premium class. This premium hospital money back plan can pay back an amount comparable to six premiums after 60 premiums have 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 along with a dread disease benefit with all the added advantage that medical examinations are not required. Needless to say, the monthly fees are higher for that enhanced hospital plan than 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 select a hospital plan like the ones outlined above rather than spending money on an expensive 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 that 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 providers offering hospital plans stress that a hospital plan is a kind of insurance and not a medical aid and suggest that hospital plans be purchased in addition to medical aid.
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