By Jordon Moller Technical Head of Healthcare GrowthHouse
As the year wraps up, it is an ideal time to review your medical scheme plan to ensure it still aligns with your healthcare needs and financial goals.
Life changes like family growth, health conditions, or lifestyle shifts can mean different healthcare needs and adjustments to your cover may have to be considered. Medical Aid schemes also regularly enhance benefits, update service provider networks, or adjust premiums – so best to stay abreast of these changes and to review your plan annually to ensure it still suits both your needs and your pocket.
Why you should review your plan every year
- Adapting to changes: A yearly review helps you determine if your current plan still meets your needs. Timely adjustments can prevent overpaying for unnecessary services or missing out on key cover.
- Staying updated on benefits: Every year, medical schemes revise benefits, pricing, and networks. Staying informed allows you to make the most of your plan and avoid any surprises.
- Budgeting for premium increases: Medical inflation often results in premium hikes. A review of your options enables you to prepare for these changes, possibly finding ways to offset costs while retaining cover.
GrowthHouse can help make this review process seamless, providing tailored insights and recommendations on your plan. As your financial home, we are here to help you keep your medical cover optimal for your needs and budget all year-round.
Get in contact with your GrowthHouse Financial Adviser or contact us
