Medical Aid

As with any insurance cover, medical aid and other health insurance products and services are available in various shapes, forms, sizes and prices. “Calling different service providers for a better deal can be painful,” says Carl Louw, Chief Marketing Officer for hippo.co.za, “But now you can more easily source and compare online quotes for medical cover such as hospital cash cover, cancer cover and even pet medical insurance in minutes.”

 

Louw goes on to say, “Hippo.co.za gets over 90 000 people who visit the site every month to compare products & features, and with Minister Pravin Gordhan announcing tax credits of up to R257 per month for the first two beneficiaries, and R172 per month for each additional beneficiary on a medical aid scheme, now is the time to check online.” *

 

The most recent Stats SA data for medical aid show almost 75,1% of the white population belonged to some medical aid scheme, 41,7% of the Indian/Asian, 20,9% of the coloured and 10,4% of the black African population groups were covered by such schemes at the time the survey was conducted in 2012.

 

Hippo.co.za is a financial services price & features comparison website that compares a range of South African insurers and brands: free to use, no obligations, and no hassles. “It’s amazing how many people choose a product or insurance because it’s what they knew growing up, or it’s who they came across in their first job, but in this economy, consumers need to check which product or brand will work hardest for them, and will probably save their hard earned cash in the process.”

 

* Based on information from a Fin24 article on March 3, 2014

(http://www.fin24.com/Budget/Tax-credits-for-medical-scheme-contributions-20140303)

 

The information provided in this document is not, and does not constitute or intend to constitute financial advice or any Intermediary service as referred to in the FAIS Act.

 

Established in 2007, hippo.co.za is South Africa’s leading comparison website that helps consumers save money by choosing from a range of financial products including car insurance, home insurance and even cheap flights, from some of SA’s leading brands. Recent independent research commissioned by hippo.co.za revealed that 89%* of consumers saved money when buying or switching insurance providers through the website. Hippo.co.za makes money by simply charging its partners a fee when a customer chooses to find out more about their products. The results consumers see, and the order in which they are presented, is in no way influenced by the fee hippo.co.za charges its partners or any other factors other than price of the product being compared. 

 

*Average savings amount based on 2013 research by Kaufman Levin Associates – Risk Profile Dependent.

 


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