Medical Aid for Pensioners

Medical Aid for Pensioners offers financial cover for health-related expenses specifically for those at the stage of retirement. Medical Aid schemes in South Africa do not have an age restriction, but a fee does apply if you start your cover for the first time after the age of 35. Medical Aid for people of pension age can be difficult to compare. Often, as people reach retirement age, their disposable income decreases, but their health risks increase. That is why it is always best to get advice from a professional financial advisor or Medical Aid broker.

Advantages and disadvantages

As a pensioner whose budget is tight but whose medical expenses are expected to increase due to their age, it is vitally important to note that there are options available to suit their budget and their medical needs. Pensioners could benefit from considering Medical Aid plans that include comprehensive in-hospital cover in case of medical emergencies, day-to-day cover for GP visits and medication, as well as dentistry and optometry.

But, if you have never signed up for Medical Aid before, and you're of pensioner age, you will have to pay a late joiner penalty fee that can increase your monthly premiums by up to 75%. This fee is dependent on age, so someone who is 60 will pay less of a penalty fee than someone who is 80, for example.


Depending on previous Medical Aid cover, all medical aids are entitled to impose a 3 month general waiting period, during which no claims will be paid, and / or a 12 month exclusion for any pre-existing medical conditions.

If you have yet to invest in Medical Aid, or have decided to take out a new policy, it’s best to do your research before you apply. Compare medical aid benefits and prices online with and you’ll be on the right path to finding the best deal for you.