Financial Wellness: What you need to know about medical aid schemes

Each week Emryn Wealth Financial Services together with Koketso Sachane bring you useful financial tips to be financially savvy.

Kobus van Meerlen, from Emryn Wealth and health broker, Greg Hector joined Koketso Sachane for this Wednesday's installment of financial wellness.

Hector says when shopping for a medical aid scheme you should consider selecting the right and accredited broker.

He must be accredited with a medical aid or medical aid schemes. He must be accredited with the Council for Medical Aid Schemes.

Greg Hector, Health broker

Hector adds that your broker should assist you with selecting an option that will best suit with your financial needs. He advises that you look at the schemes solvency, membership and claims ratio in its respective option.

Hector says this information is readily available for all on the Council for Medical Aid Schemes website.

Each and every option should have an excess of 25% reserves to give you your overall reserves.

Greg Hector, Health broker

Listen to Greg Hector give more insights on medical aids:

This feature is presented by Emryn Wealth - Creating wealth and protecting your life and your loved ones.

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