2010 Peter Pyburn Medical Aid Protection
Protect Your DISCOVERY Medical Aid Premium in Case of Death or DisabilityYOUR MEDICAL AID IS EXPENSIVE!
The average monthly 2010 cost for a family of 4 on a comprehensive plan is R5,500 pm. That's R66,000 per year!
Over a 10 year period you could pay over a MILLION rands in contributions!
(Assuming inflation of only 10% per year and we know medical inflation is way over that).
In fact, most people spend more on medical aid than on life and disability cover.
Receiving quality private health care is very expensive and continues to rise above consumer inflation levels every year.
YOU don't want to compromise when it comes to your health.
YOU want to be sure that the best care will be available at all times, especially for your family. You want to Protect Your Medical Aid!
What on earth will you do if you cannot earn an income through an accident or illness disability?
And you will need your medical aid more than ever.
How will your family be able to continue this vital medical aid if your income stops through death?
Well here is the answerFor a reasonable monthly premium you can ensure that if you (or your spouse) are disabled or die, your medical aid contribution will be paid for 5 or 10-years. You choose.
Your claim cover all members on your medical aid at the time of the life-changing event and will ensure that your family enjoys cover for the plan you belonged to at the time of the life-changing event.
And the claim will pay for the annual increase in your medical aid premium as well.
If you join another medical aid, you don't loose this valuable benefit. It will pay for your new medical aid contribution if you are eligible for a claim.
BUT THAT'S NOT ALL!!What about the times you pay more in contributions than you claim?
This plan will pay you back some of your excess in contributions over claims in two ways:
HEALTH DIVIDEND - At the beginning of the year, Discovery will calculate the annual excess or shortfall of your medical aid risk contributions (equal to 80% of your total medical aid contribution less your Medical Savings Account contribution) over your medical aid risk claims for the previous year.
This represents your "unused" health risk contribution, and a percentage of it will be paid to you in the form of a Health Dividend.
The percentage depends on your Vitality status and the duration of your Vitality membership.
HEALTH FUND - At the beginning of every year, Discovery will calculate your unused health risk contribution in exactly the same way as a client earning Health Dividends.
However, instead of paying you an annual Health Dividend, they will transfer the unused health risk contribution (whether positive or negative) to your Health Fund.
Your Health Fund will grow each year based on the size of this transfer, culminating in a final lump sum payment equal to your remaining Health Fund balance at age 65 (or in the event of death, disability or severe illness if earlier
A percentage of your unused health risk contribution will however, be paid back to you every 5 years, through the Discovery PayBack Benefit. The percentage that accrues each year will depend on your Vitality status at the beginning of each calendar year.
NOW THAT'S A REAL BENEFIT!
You must be crazy not to seriously consider this benefit.
Interested? Then please contact or email me NOW!!
Especially if you want to Protect Your Medical Aid.