Knowing the difference between health insurance and medical aid is vital to securing the best coverage for you and your family.
Leading South African insurance provider Oneplan regularly gets asked by prospective clients what the difference is between health insurance and medical aid.
For example: if you cannot work due to a health problem, medical aid will exclusively cover your treatment, whereas health insurance will also reimburse you for your lost income. The costs are paid for by the medical aid provider in full, or a co-payment may be required in certain cases. This is because medical aid plans must cover the high cost of life-threatening conditions, while health insurance sticks to a set list of benefits and limits.
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