Understand your medical scheme

My Money My Lifestyle

It is that time of year when our medical schemes inform us how much more we will be paying for our medical cover. With medical costs rising above inflation, the amount we spend on medical services takes a growing bite out of our budgets.
It is important that we spend time understanding our medical plan to make the most of it.
In this podcast I chat to Jillian Larkan, head of healthcare consulting at financial advisor firm GTC to unpack the mysteries of medical cover:

• Why have my premiums increased above inflation?
• How do I make the most out of my scheme?
• What to consider when selecting a plan.
• How gap cover works, and when you need it.
• What are my options if I cannot afford a medical scheme?
• Health insurance vs medical schemes.