Mind the self-payment gap on higher medical scheme options
Illustration: Colin Daniel
As a medical scheme member, you may be on or have been advised to join an option that has a safety net of day-to-day benefits paid for by the scheme that kick in once you have exhausted your medical savings account.
The idea behind above-threshold benefits is that you have a financial cushion if your annual day-to-day medical expenses exceed the annual amount in your savings account.
Your day-to-day benefits are typically for out-of-hospital health care, such as visits to doctors, medication, optometry, dentistry, and some pathology and radiology services.
Read more: Mind the self-payment gap on higher medical scheme options
Construction a comprehensive portfolio
12 must have’s for a financially free 2012
By Michelle Human, senior legal adviser, Liberty Life
Our easy to execute twelve step plan gives you one task a month. Execute each of these according to your circumstances and priorities and you are well on your way to financial freedom.
Step one: Make an appointment to see a reputable financial adviser
Probably the best way to find a reputable financial planner is via word of mouth. Ask around and let colleagues, friends and family guide you. Remember that personality is an important factor and what works for them, may not necessarily work for you, but it is only a starting point. Find someone whom they have been dealing with for some time and most importantly someone that they trust.
