The Money Show’s Bruce Whitfield interviewed Dr Ryan Noach, Deputy CEO of Discovery Health, for the weekly "Make Money Mondays" feature.
Noach discussed what to consider before you downgrade your medical aid.
Scroll down for quotes from the audio below.
Medical inflation is driven by the demand for medical services.
— Dr Ryan Noach, Deputy CEO of Discovery Health
Medical aid is expensive but absolutely critical.
— Dr Ryan Noach, Deputy CEO of Discovery Health
Only about 3% of our members choose to downgrade per year.
— Dr Ryan Noach, Deputy CEO of Discovery Health
The decision to downgrade should not be taken without taking advice.
— Dr Ryan Noach, Deputy CEO of Discovery Health
About 20% of members each year suffer a catastrophic medical expense.
— Dr Ryan Noach, Deputy CEO of Discovery Health
You need to plan well in advance for retirement, because that’s when you need healthcare the most.
— Dr Ryan Noach, Deputy CEO of Discovery Health
The health needs of your family should determine your choice.
— Dr Ryan Noach, Deputy CEO of Discovery Health
Consumers tend to be passive and only choose to understand their benefits in time of need.
— Dr Ryan Noach, Deputy CEO of Discovery Health
We have 22 plans in our range, because we try to match every health need with every financial one.
— Dr Ryan Noach, Deputy CEO of Discovery Health
Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
However, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the 702 community a safe and welcoming space for all.
702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.
Read More
The Money Show’s Bruce Whitfield interviews FitChef founder Wayne Kaminsky.
The Money Show’s Bruce Whitfield interviews economist Mamello Matikinca.
Pan-African Investments and Research Services CEO Dr Iraj Abedian on what we should know about the impact of the minimum wage.
The Money Show’s Bruce Whitfield interviews Ruaan Van Eeden, Managing Director for Tax and Exchange Control at Geneva Management.
Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?
It may come as a shock (but it’s all there in the small print); medical schemes do not fully cover you when you’re hospitalised.
Popular articles
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.
Deputy President Cyril Ramaphosa announced that the minimum wage of R20 per hour is expected to be implemented by May 2018.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
![[WATCH] 'These thugs need to be arrested and rot in jail'- Bongani Bingwa](http://cdn.primedia.co.za/primedia-broadcasting/image/upload/fl_progressive,q_80/c_fill,g_faces,h_68,w_68/acusnfxchd6o29oprgvq.jpg)
