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.


Recommended

by NEWSROOM AI
Read More
Journalist describes night in gang infested Ocean View, Cape Town

Journalist describes night in gang infested Ocean View, Cape Town

Journalist Govan Whittles talks about his experience after spending a night in the middle of gang war in gang riddled Ocean View

New ANC president expected to be announced on Monday morning

New ANC president expected to be announced on Monday morning

Outgoing Deputy General Secretary Jessie Duarte says credentials officially adopted and results will be announced on Monday

Melanie Verwoerd: Zuma did not inspire delegates

Melanie Verwoerd: Zuma did not inspire delegates

Political Analyst Melanie Verword gave analysis of Zuma's last speech as the ANC president ahead of the party's 54th conference.

All you need to know about Life Cover

All you need to know about Life Cover

Ryan McCracken, Director at Emryn Wealth explains what life cover is and why is it advisable to have one.

Financial wellness: Understanding short-term insurance

Financial wellness: Understanding short-term insurance

Emeryn Wealth Financial Services brings you the nitty gritty to help get to the bottom of all your short-term insurance questions.

Financial wellness: Knowing your broker

Financial wellness: Knowing your broker

Ryan Mc Cracken, Director at Emryn Wealth, chats to Koketso Sachane about how to get your financial wellness in check.

Popular articles
Ramaphosa unveils statue of Madiba at UN headquarters

Ramaphosa unveils statue of Madiba at UN headquarters

The 1.9 metre statue is said to be a gift from South Africa to the international community.

KZN Metrorail services suspended due to vandalism

KZN Metrorail services suspended due to vandalism

Metrorail KZN Regional Spokesperson Zama Nomnganga says a build up of events led to the decision.

WC DA leader refuses to hand over electronic devices as party probes media leak

WC DA leader refuses to hand over electronic devices as party probes media leak

Western Cape DA leader Bonginkosi Madikizela confirmed that he was asked to hand over his devices but he says that he refused.

[LISTEN] 'Molewa was an activist in her own quiet way'

[LISTEN] 'Molewa was an activist in her own quiet way'

Environmental Affairs spokesperson Albi Modise pays tribute to Minister Edna Molewa who passed away on Saturday morning.

Ramaphosa's new advisory team has 6 months to draw up national land reform plan

Ramaphosa's new advisory team has 6 months to draw up national land reform plan

Land researcher Prof. Ruth Hall says the panel faces an exciting challenge to see how government can fix the land reform process.

[LISTEN] Opinion: 'Thuma Mina dares not fail'

[LISTEN] Opinion: 'Thuma Mina dares not fail'

Breakfast Show host Bongani Bingwa says skeptics are right to question whether Ramaphosa will succeed in his mandate as president.