A good medical aid does not reduce the need for dread disease cover and vice versa. Each type of cover addresses a very different need.
The purpose of medical aid is to cover actual medical costs associated with illness, including a dread disease. Your medical aid should foot the bill or at least part thereof for hospitalization, medical procedures, medication and doctorâ€™s consultations.
Dread disease cover will compliment your medical aid by providing a lump sum which can be used to cover any additional costs associated with your change of lifestyle as a result of suffering from a dread disease.Â On average as little as 30% of costs associated with suffering from a dread disease will be medical bills. The remainder of the costs typically includes modifications to your car and home, hiring a caregiver, alternative treatments and medications not covered by your medical aid and rehabilitation therapy. Dread disease cover can help in this regard.
For example, hospital treatment for a heart attack may be covered by medical aid, but after surviving the heart attack, one may not be able to climb the stairs in a multi-story home and so the installation of a mechanical lift may be required – this could be covered by your dread disease cover.