Latest / Anele and the Club on 947 / If you decide to drop your medical aid, what's your Plan B?

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If you decide to drop your medical aid, what's your Plan B? · Anele and the Club on 947

0:00
Speaker 1: Wake up with a bang.
0:04
Speaker 2: And the club On nine four seven.
0:06
Speaker 3: I read an article the other day and well, the
0:10
Speaker 3: headline was what hit me first? And as soon as
0:13
Speaker 3: I read this headline, my answer.
0:15
Speaker 2: Was for what for what?
0:18
Speaker 4: Why?
0:19
Speaker 2: Like, I get why, but I just want to know
0:22
Speaker 2: to what where are you moving to?
0:24
Speaker 3: The article headline said a million South Africans drop medical aid?
0:31
Speaker 3: And then immediately I'm like, for what, Like, what is
0:34
Speaker 3: your alternative? If you're dropping medical aid? Is there something
0:38
Speaker 3: y'all don't Is there.
0:39
Speaker 2: Something we don't know that these million people do?
0:43
Speaker 1: Well? Okay, so I get it. So that's why the
0:44
Speaker 1: why you're like, I get it. The people are dropping
0:47
Speaker 1: it because times are tough, yeah, right, and you have
0:50
Speaker 1: to make a choice about what you're going to spend
0:52
Speaker 1: your money on. And then you're deciding, look dropping maid light.
0:56
Speaker 3: Yeah, but I want to know from these Well not
0:58
Speaker 3: all million of you must call in please, our lines
1:00
Speaker 3: wouldn't be able to handle that.
1:01
Speaker 2: But a few of you, you.
1:03
Speaker 3: Know, I just I want you to call in them, Like, Okay,
1:05
Speaker 3: so you're dropping medical aid?
1:06
Speaker 2: What's the alternative? What's your plan?
1:09
Speaker 3: Are you gonna save money in case something goes down?
1:12
Speaker 3: Have you decided that you know what, this six thousand
1:15
Speaker 3: rand you're paying a month for the family, you would
1:17
Speaker 3: rather be putting it towards something else, like a little
1:20
Speaker 3: kitty that you guys are going to run to look
1:23
Speaker 3: after your your medical expenses. I mean, I know some
1:26
Speaker 3: families who've never been on medical aid and what they
1:28
Speaker 3: do is the entire family as a whole now, not
1:30
Speaker 3: just one nuclear family, the entire like brothers, sisters, their kids, grandmothers, everyone,
1:35
Speaker 3: everyone pours money into this fund and they've been doing
1:38
Speaker 3: it for years. So the fund is huge now and
1:41
Speaker 3: that's where they go to when there somebody they're sick.
1:44
Speaker 1: But also they're running medical aid basically.
1:46
Speaker 2: Yeh's the on old scheme there.
1:48
Speaker 3: But that requires discipline because if there's three million rand
1:51
Speaker 3: in a bank account and no one is touching it
1:52
Speaker 3: in case somebody falls sick, you know, yeah, the temptation
1:56
Speaker 3: would be there, right, Yeah, for any other problem that
1:59
Speaker 3: happens in your life or even on holiday. But I
2:02
Speaker 3: mean that's the discipline that some families have. So this
2:05
Speaker 3: is what I'm looking to ask this morning, is that
2:07
Speaker 3: if you're dropping your medical aid, what's your plan?
2:10
Speaker 1: Yeah, because it feels like a very dangerous thing to
2:13
Speaker 1: do for me, because you never know when you might
2:15
Speaker 1: get sick or when you might be hospitalized for whatever,
2:17
Speaker 1: and then the bulls can get massive very quickly. So
2:21
Speaker 1: you know, you're obviously making a whole bunch of choices.
2:23
Speaker 1: And that's a question. I also want to ask what
2:26
Speaker 1: when you've done that? So if you have dropped your
2:28
Speaker 1: medical aid, right, have you got a plan? Like Annelys says,
2:31
Speaker 1: maybe two months and then I'm going to come back,
2:34
Speaker 1: how does this work?
2:36
Speaker 2: Or are you on a hospital plan?
2:38
Speaker 3: Because I think that's another thing that people are doing
2:40
Speaker 3: a lot of these days.
2:41
Speaker 5: There.
2:41
Speaker 6: I know a few people who said they no longer
2:43
Speaker 6: have actual medical aid, but they've upted to get a
2:46
Speaker 6: hospital plan instead.
2:47
Speaker 2: What does the hospital what does it entail? What does
2:50
Speaker 2: it cover every time you have to go to hospital?
2:52
Speaker 6: It'll strictly cover hospitalization, whereas medical aid you'd get a
2:55
Speaker 6: variety of services, you can get glasses, it enters everything
2:59
Speaker 6: else in between.
3:00
Speaker 1: Yeah, so a hospital plan would cover you if you
3:02
Speaker 1: got admitted.
3:03
Speaker 2: And how much cheaper is a hospital plan?
3:05
Speaker 7: I think it's substantially cheaper. But you must remember that
3:09
Speaker 7: with everything with medical aid, hospital plans et cetera. There's
3:12
Speaker 7: always a short fall that you're going to miss. There's
3:15
Speaker 7: always going to be that added over and above. So
3:17
Speaker 7: I am also interested to then go, okay, cool, if
3:20
Speaker 7: you've come off medical aid and you've decided you're going
3:21
Speaker 7: to go rather for a hospital plan as an option,
3:24
Speaker 7: are you then saving the extra that you would have
3:28
Speaker 7: spent or putting that aside for when you do end
3:31
Speaker 7: up in hospital and it's a shortfall.
3:33
Speaker 2: I'd love to hear from Joeberg.
3:35
Speaker 1: A lot of medical aids I suppose now are sort
3:37
Speaker 1: of hospital plans, like there's not there's a lot of
3:41
Speaker 1: options that don't cover the full medical aid anymore. You
3:44
Speaker 1: just have a hospital down with like a savings maybe right,
3:47
Speaker 1: or you've got maybe you've taken out gap cover. But
3:51
Speaker 1: I mean to say, look, we're going to have to
3:53
Speaker 1: stop the medical aid. That's echnic. A million people, a million.
3:57
Speaker 2: South Africans drop their medical aid in the last month.
4:00
Speaker 1: Think about it.
4:00
Speaker 6: People, Have you've gotten a cheaper car, You've maybe moved
4:04
Speaker 6: out of a house that was too big for you
4:06
Speaker 6: and your family, right, yeah, you have cut your subscriptions.
4:09
Speaker 6: That there a point where DStv subscriptions were down because
4:13
Speaker 6: that was going as people struggled financially, and now you
4:16
Speaker 6: at a point where you go, h, I'm not sick
4:18
Speaker 6: at the moment.
4:18
Speaker 2: Because sometimes that's the culculation.
4:20
Speaker 6: People go, well, what none of us are sickly, so
4:22
Speaker 6: I suppose in the event that we do get sick,
4:24
Speaker 6: we'll go to a GP or a public hospital.
4:28
Speaker 2: Oh one eight thirty eight nine four seven.
4:31
Speaker 3: An article headline reads, A million South Africans dropped their
4:34
Speaker 3: medical aid. Are you one of the million? And we
4:37
Speaker 3: want to know what is? What's your plan? What was
4:39
Speaker 3: your alternative? You've dropped the medical aid to do what
4:43
Speaker 3: and you're finding that it's working out better for you?
4:46
Speaker 1: Yeah? Are you going to use the government hospital? Is
4:48
Speaker 1: that what you're saying? Right?
4:50
Speaker 2: Yeah?
4:50
Speaker 1: Good service there. Maybe we've had a great experience.
4:53
Speaker 2: Talk to us. Really, it's expensive, it's explensive.
4:57
Speaker 1: I dropped it for Jim, like I go to on
5:00
Speaker 1: a regular I eat healthy.
5:02
Speaker 8: Everything about hospital plans is they also don't have a
5:06
Speaker 8: specialist assess meant so as much as we get a hospitalized,
5:11
Speaker 8: it's more of them just paying the hospital.
5:13
Speaker 2: I opted to leave my medical aid.
5:15
Speaker 6: I was the only one of my medical aid paying
5:17
Speaker 6: four thousand and eight and a trend.
5:19
Speaker 2: But every time I go to the doctor, I still
5:22
Speaker 2: have to pay. This's a short fall.
5:24
Speaker 3: I was building my house for the past two years.
5:27
Speaker 8: I literally canceled medical aid for everyone.
5:31
Speaker 2: Then, yeah, we live by the grace of God. But
5:34
Speaker 2: now I have a house. Look at this house for
5:38
Speaker 2: medical aid fiking A good morning.
5:42
Speaker 9: Money, I'm hast someone radio.
5:49
Speaker 2: Welcome to the club.
5:51
Speaker 9: Talk you, thank you.
5:53
Speaker 2: So do you let go of your medical aid?
5:55
Speaker 5: Yes?
5:56
Speaker 9: I recently did, just a month ago.
5:59
Speaker 2: Okay, one month in. How are you feeling?
6:02
Speaker 9: I am very scared because I've moved from a comprehensive
6:06
Speaker 9: cover to a hospital plan.
6:08
Speaker 3: Okay, okay, so you haven't really experienced the pitfalls of
6:12
Speaker 3: not having.
6:12
Speaker 9: It day yes, yes, but I am saving on cuss
6:16
Speaker 9: because with the medical aid that I had, it was
6:18
Speaker 9: a chee care plan, so you have to pay out
6:21
Speaker 9: of pocket for all the medications, for the scripts, some
6:25
Speaker 9: consultations and everything. So it was becoming a very expensive
6:30
Speaker 9: while I was playing foo on.
6:32
Speaker 1: Oh yes, okay, so you made the choice. So you're
6:35
Speaker 1: saying that with that medical aid you were on, you
6:38
Speaker 1: just found you weren't ever using it and everything was
6:40
Speaker 1: cashed anyway, So you might as well say hospital plan.
6:44
Speaker 10: Yes, So it was basically like paying for a hospital plan.
6:48
Speaker 3: Yes, and okay, so and how much was your medical aid?
6:52
Speaker 3: And how much is your hospital plan? How how much
6:54
Speaker 3: are you saving?
6:55
Speaker 2: Amount?
6:55
Speaker 9: Now my whole my plan was fast thousand, three hundred
7:01
Speaker 9: and I'm now paying two thousand, three hundred.
7:03
Speaker 3: And something and how many and how many? And my
7:07
Speaker 3: daughter for okay, So it was five thousand, threehundred for
7:10
Speaker 3: you and your daughter and now it's two thousand and something.
7:12
Speaker 10: Okay, and this is a chance.
7:15
Speaker 1: Okay.
7:15
Speaker 3: Do you know what I want? Thank you so much
7:17
Speaker 3: figular for that. Do you know what I also want?
7:20
Speaker 3: I want to know somebody must call in who pays
7:23
Speaker 3: medical aid?
7:24
Speaker 2: And you've never had to pay anything in?
7:26
Speaker 1: Oh yeah, you've never had a co payment of any
7:28
Speaker 1: kind of.
7:29
Speaker 2: Any kind, and you you took.
7:30
Speaker 3: The highest possible cover and.
7:34
Speaker 2: You've paid that thing in because surely there should be
7:37
Speaker 2: that option.
7:38
Speaker 1: I think there is, but I think it's your whole salary.
7:41
Speaker 2: But I want to know.
7:41
Speaker 3: How much you're paying for your medical aid where you
7:43
Speaker 3: can say, anyway, I've never paid anything in because I'm
7:48
Speaker 3: on this plan for my medical aid. Oh one one
7:51
Speaker 3: eighty eight, thirty eight nine four seven lists here from you.
7:54
Speaker 2: Whilst we wait for you to call in, let's go
7:55
Speaker 2: to Lebert. Good morning, Rudy, Good morning on LEDA. How
7:59
Speaker 2: are you fantastic? How are you my guy?
8:02
Speaker 11: I'm great, I'm great.
8:03
Speaker 2: Yeah.
8:04
Speaker 11: I just want to not necessarily talk about dropping medical aid,
8:08
Speaker 11: but just highlighting the rests around it from a personal experience.
8:13
Speaker 11: So we've got very close friends who recently had a
8:17
Speaker 11: newborn three months ago. She was born with a very
8:21
Speaker 11: rare genetic condition where her respiratory system goes into a spasm,
8:27
Speaker 11: so she actually stops breathing. The only the only cure
8:31
Speaker 11: at this point in time is for them to have
8:34
Speaker 11: done a Truckler implant, so she's got a five. She's
8:37
Speaker 11: got to basically eventilated breathing for her. Now, she's been
8:41
Speaker 11: in ICU now just over three months, and the medical
8:46
Speaker 11: ball at this point in time is close to two
8:48
Speaker 11: point four million rands. Now, if something like that happens
8:52
Speaker 11: to you and you do not have medical Aid, you
8:55
Speaker 11: are in a very very difficult situation. I can also
9:00
Speaker 11: a test on my own personal life. So my wife
9:03
Speaker 11: had breast cancer and she's now on ongoing treatment, So
9:07
Speaker 11: we play around about nine thousand round a month towards
9:11
Speaker 11: medical aid, but medication per month, so twenty two thousand rand.
9:17
Speaker 11: Now you can do you can do the calculations. I mean,
9:21
Speaker 11: the idea of a saving spot is great, but there's
9:24
Speaker 11: a huge, huge interest involved and people need to think
9:27
Speaker 11: about that very carefully.
9:29
Speaker 3: So I'm rually the twenty two thousands a month of medicine.
9:34
Speaker 3: The medical aid covers all of that.
9:37
Speaker 11: Yes, so the medical aid has got what they call
9:40
Speaker 11: it pot.
9:40
Speaker 5: So you apply for.
9:41
Speaker 11: Oncology and then they allocate a fixed amount per year.
9:45
Speaker 10: I think my.
9:45
Speaker 11: Wife's is the plan we on. She gets about two
9:48
Speaker 11: hundred and fifty thousand round a year and.
9:51
Speaker 12: Then look she's been through the chemo.
9:53
Speaker 11: And the radiation and all that and she's now just
9:57
Speaker 11: on maintenance for five years. So yeah, you can work
10:02
Speaker 11: it out. Let's go twenty two thousand grand times twelve
10:05
Speaker 11: months and you can get to the to the sums.
10:08
Speaker 11: There's another there's another philosophy that says, if you contribute
10:13
Speaker 11: let's say nine thousand rand to your medical aid, you
10:16
Speaker 11: stop that and you put that in a kitchy if
10:19
Speaker 11: you can guarantee, which nobody can that you will be
10:23
Speaker 11: major illness three for five years.
10:25
Speaker 2: You should be okay, major.
10:28
Speaker 11: If you look exactly, but if you look at the
10:30
Speaker 11: baby for example, if something like that happens to you,
10:34
Speaker 11: you will be in dire straits and you would not
10:36
Speaker 11: be able to survive.
10:37
Speaker 6: But really, I suppose the difference here is as unfortunate
10:40
Speaker 6: as the circumstances are. You're all people who have a
10:43
Speaker 6: bit more breathing room financially, right, because not everyone can
10:45
Speaker 6: afford to pay nine thousand a month for medically. I
10:49
Speaker 6: think that's where your challenge is.
10:51
Speaker 5: Yeah, no, definitely.
10:52
Speaker 11: Look we are we are close to our sixties, we
10:56
Speaker 11: are fortunately dead three, so yeah we can. But now
11:01
Speaker 11: the thing is, in two to three years from now
11:03
Speaker 11: we have to go to retirement, and then we cannot
11:06
Speaker 11: afford nine thousand random month on retirement.
11:08
Speaker 5: I mean that's impossible.
11:10
Speaker 1: Yeah, exactly.
11:11
Speaker 3: Really just so interesting because I know a lot of
11:13
Speaker 3: people are gonna say, you didn't ask Rudy this, and
11:15
Speaker 3: I was waiting for the answer. What what medical eight
11:19
Speaker 3: are you on?
11:20
Speaker 11: I'm allowed to say.
11:22
Speaker 12: Discovery, Okay, Discovery.
11:24
Speaker 3: Yeah, okay, no, of course you're allowed to say, thank you,
11:26
Speaker 3: Better run me my check.
11:27
Speaker 1: I haven't been sick for.
11:30
Speaker 3: Well, not physically. Thank you so much, Rudy. I see
11:36
Speaker 3: the lines are going crazy. Let's go through all of
11:38
Speaker 3: these goals and find out what you have to say,
11:40
Speaker 3: because somewhere along the line, somebody's going to say something
11:42
Speaker 3: that's going to help you out, to help you make
11:44
Speaker 3: a decision. Yeah, you know, around your finances.
11:47
Speaker 8: At this moment, I canceled my medical aid because it
11:50
Speaker 8: was just myself on it and I was paying six thousand,
11:53
Speaker 8: three hundred rand.
11:54
Speaker 2: Because of specialist k that I needed.
11:57
Speaker 8: But yet they still didn't cover the medication that I needed.
12:02
Speaker 13: You see, I'm very glad that really just called in
12:04
Speaker 13: And this is the problem I have with medical aids.
12:07
Speaker 13: It's very good for him. Now he's paying nine thousand
12:09
Speaker 13: odd and his wife's medication is worth twenty two thousand.
12:13
Speaker 13: Now that shortfall of thirteen thousand, where's that coming from?
12:17
Speaker 13: That means that he's coming from the rest of us.
12:19
Speaker 2: I'm on camera medical aid.
12:21
Speaker 14: I pay about six thousand rand for myself and my daughter.
12:26
Speaker 2: We never have to.
12:26
Speaker 14: Pay co pair.
12:28
Speaker 15: My fight with medical aids is that you pay for
12:32
Speaker 15: maternity benefit whether you're having children or not.
12:37
Speaker 1: Yeah, look, this is The thing about medical aids, right,
12:39
Speaker 1: they are tricky, different plans, different stories. You only and
12:43
Speaker 1: this is the thing, it's almost like insurance as well,
12:45
Speaker 1: you only needed when something happens. Correct, So you're sort
12:48
Speaker 1: of on a medical aid, still trying to keep healthy,
12:52
Speaker 1: but it's for in case something happens, and also for.
12:56
Speaker 2: Lack of a better Well. It's also very easy.
12:58
Speaker 3: To be pompous when you like, I'm never sick and
13:00
Speaker 3: I'm never sick, and then.
13:03
Speaker 1: Well, well, when it happens. The one voice, the one
13:05
Speaker 1: voice not saying yeah, where's the shortfall coming from? We're
13:08
Speaker 1: all paying for that is that is literally the point
13:11
Speaker 1: of a medical aid scheme.
13:12
Speaker 2: We're in a scheme together.
13:13
Speaker 1: We are all together together, we pay into the part together.
13:16
Speaker 1: If you needed, you use it, if I needed I
13:18
Speaker 1: use it. That's the that's the whole point.
13:20
Speaker 2: We feel your good morning Eve in so Ito.
13:23
Speaker 10: Yes, good morning, how are you on la?
13:25
Speaker 2: Great? We feel you? How are you?
13:27
Speaker 10: I'm good? I just I hear all every all the concerns.
13:33
Speaker 10: But my medical aid paid for my daughter's two point
13:36
Speaker 10: five million rand bill, So I say, don't drop medical aid?
13:42
Speaker 3: Yeah and okay, without prying or probing you you'll stop
13:46
Speaker 3: me if I'm getting too personally. What was going on
13:49
Speaker 3: with your daughter?
13:50
Speaker 10: Okay, she went to Nelson Mandela Hospital because she had encephalitis.
13:57
Speaker 10: It was a brain inflammation.
14:00
Speaker 12: Yeah, very very.
14:04
Speaker 10: So, very dangerous.
14:05
Speaker 3: Because Nelson Mandela Hospital you have to get you have
14:07
Speaker 3: to get referred by a specialists.
14:09
Speaker 2: Correct me from wrong there. So which hospital were you
14:11
Speaker 2: at before that?
14:12
Speaker 3: I was at Linemit okay, and then they said okay,
14:16
Speaker 3: they were like, okay, this definitely let's escalated to Nelson
14:18
Speaker 3: Mandela Hospital.
14:19
Speaker 2: Is she fine?
14:20
Speaker 10: Now, she's fine. She's got problems there in the in
14:24
Speaker 10: terms of speech and using her right hand to write,
14:27
Speaker 10: but she's fine.
14:30
Speaker 3: Yes, lad, Thank you so much for the Collyfreelance. Send
14:33
Speaker 3: our love to your daughter.
14:35
Speaker 10: Okay, thank you guys.
14:36
Speaker 2: There's my angel. Bye. But I mean remember when when
14:39
Speaker 2: I was.
14:39
Speaker 3: In the hospital for three weeks about four years ago,
14:42
Speaker 3: that December.
14:43
Speaker 1: Yes, yes, that.
14:45
Speaker 3: Bill was wild and I did not pay in anything.
14:48
Speaker 3: That bill was absolutely weld. I think I had two
14:51
Speaker 3: surgeries in a space of four weeks, you know what
14:54
Speaker 3: I'm saying.
14:55
Speaker 2: So when I.
14:55
Speaker 3: See articles that say drops medical and I'm just like,
14:58
Speaker 3: for what, just let.
14:59
Speaker 1: Me know what is the plan?
15:00
Speaker 2: What is the plan? What?
15:01
Speaker 3: What don't we know that you know? Let us in
15:04
Speaker 3: on your plan. Suppose say so you and Alex, good morning.
15:08
Speaker 5: Good morning guys.
15:08
Speaker 2: How are you?
15:11
Speaker 5: I'm good man. You know, medical aid has become so
15:14
Speaker 5: expensive and the Triple are dropping it and they focus
15:18
Speaker 5: on their basic well not basic need, but immediate needs.
15:22
Speaker 4: You know.
15:23
Speaker 5: And as a matter of fact, you.
15:27
Speaker 12: Know things when things are so expensive, you know, the inflation.
15:30
Speaker 5: Went up, everything just went up, and people don't have
15:34
Speaker 5: their disposal cash. So come setting dating a month. People
15:38
Speaker 5: don't have anything, and what they look at is this
15:41
Speaker 5: is what I needed Kentucky. Now you will only think
15:45
Speaker 5: about medical aid at a later page, you know. And
15:49
Speaker 5: and the article that you talk about it is a
15:52
Speaker 5: million people. I don't think people have done it for
15:55
Speaker 5: the sake of doing it, you know, because of they
15:57
Speaker 5: don't care. It's actually tough. And you know what the
16:00
Speaker 5: said part Anela and Fronty and the team. People like
16:05
Speaker 5: us and I.
16:06
Speaker 12: Mean like you, it's up that pays every day.
16:08
Speaker 5: Let's we see it goes up. We need to pay,
16:10
Speaker 5: we get stopped, we pay unnecessary tickets. You go to
16:13
Speaker 5: a grocer restore, now just a half a bag. You
16:16
Speaker 5: don't pay anything less than four hundred ranks.
16:18
Speaker 12: So there are little things that take.
16:20
Speaker 5: You know, that can runs from you.
16:22
Speaker 12: That fifteen runs from you every year.
16:26
Speaker 5: It's a general remarks.
16:27
Speaker 12: There's an increase.
16:28
Speaker 5: Do you have medical aid in your policies?
16:31
Speaker 2: Do you have a solution?
16:32
Speaker 3: I feel like you're a man of a solution. Do
16:34
Speaker 3: you have any solutions here?
16:37
Speaker 5: I am not a man with a solution, but I'm saying,
16:40
Speaker 5: probably SARS need to look at a better rebate of
16:46
Speaker 5: higher increase in terms of people that are paying a
16:50
Speaker 5: medical aid.
16:51
Speaker 12: You know, that might not be solely solution.
16:54
Speaker 5: You know, I'm saying, also, guys, the government has to
16:58
Speaker 5: come to play, you know, the public sectitch needs to
17:01
Speaker 5: come to it. The public sectis to add And.
17:03
Speaker 12: You know what's funny, the very same special list that.
17:06
Speaker 5: We run in private hospitals are from public well you
17:10
Speaker 5: do the public and the private well.
17:11
Speaker 3: We've always said this that public hospitals has got the
17:14
Speaker 3: best of the best doctors in the world, in the world,
17:19
Speaker 3: but the problem is that system is so saturated, yeladed,
17:23
Speaker 3: overloaded that yes you will see the best specialist, but
17:27
Speaker 3: after how long?
17:28
Speaker 2: Right?
17:29
Speaker 3: I think the thing with private hospitals and private private anything.
17:32
Speaker 3: Is that you just get to see the special a
17:33
Speaker 3: lot quicker. You're gonna pay for them through medical aid
17:36
Speaker 3: or your own money, but you're going to see the
17:38
Speaker 3: same specialists quicker. And when it comes to your house,
17:42
Speaker 3: do you have time?
17:43
Speaker 15: Well?
17:43
Speaker 1: Percias is right? Is I think a million people have
17:46
Speaker 1: made that decision right and we all have to where
17:48
Speaker 1: are you sacrificing? Where are you sacrificing? What's the last
17:51
Speaker 1: thing you're gonna let go?
17:53
Speaker 10: Right?
17:53
Speaker 1: And I think that's the conversation. Yet the last thing
17:56
Speaker 1: you're gonna let go is probably your medical aid? You know,
17:59
Speaker 1: then you cut everything, there's nothing left to cut. Your
18:02
Speaker 1: salary hasn't gone up, life has got more expensive. What
18:04
Speaker 1: must happen?
18:05
Speaker 3: But now that we yeah, so because you throw it
18:07
Speaker 3: so easy, like we mustpeak to government, stars must do
18:11
Speaker 3: give higher rebate for medical aid? Is this a conversation
18:13
Speaker 3: we can have with sars like send you know, our
18:16
Speaker 3: top guys talk to their top guys, our top.
18:19
Speaker 5: I think, I think I think the thing aly, things
18:23
Speaker 5: have been into this country because of good people are quiet.
18:28
Speaker 5: We are not suggesting anything, we are not talking, and
18:32
Speaker 5: things are opening it's none of my business. I don't
18:35
Speaker 5: want to get involved. Guys, for thirty years we've messed
18:39
Speaker 5: up the country because we don't want to get involved.
18:41
Speaker 12: Let's get that happening.
18:43
Speaker 5: The things that are happening in my in my ga,
18:45
Speaker 5: it's because of us. No, it's not of my business.
18:48
Speaker 5: But my last point is, you know, this functional country,
18:54
Speaker 5: this functional government also benefits corporate. Look how medically it
18:58
Speaker 5: is making money because public because not working.
19:01
Speaker 1: So you guys, so it works, it works together. I
19:04
Speaker 1: could talk to you for a long time every claim many.
19:09
Speaker 5: Please more more, guys, guys, I'm a premium caller. I'm
19:15
Speaker 5: a seven o two color. You guys called me, but
19:23
Speaker 5: now you called me.
19:26
Speaker 1: Saying saying when you guys have a conversation, that's worth
19:30
Speaker 1: me calling our call.
19:31
Speaker 2: No, the days when we are discussing high level things,
19:35
Speaker 2: we must call him every now and then.
19:38
Speaker 3: A word from thank you.
19:40
Speaker 2: The line is all yours.
19:42
Speaker 15: I had triplets and obviously they were born prematurely, so yes,
19:47
Speaker 15: definitely needed medical aid. And if you can always get
19:51
Speaker 15: the short fall cover short for covers very like cheap
19:55
Speaker 15: with all medical aids.
19:56
Speaker 14: I cancel my medical aid and then ask month two
20:01
Speaker 14: months ago, and my daughter fell ill this past weekend
20:04
Speaker 14: and it was I found myself pryoring because I'm just like,
20:07
Speaker 14: I just hope it does not escalate.
20:09
Speaker 4: I am on Discovery Essential Saver and I've been on
20:14
Speaker 4: it for nine years now, and I think I've been
20:17
Speaker 4: hospitalized for five times ever since I've been on this plan.
20:24
Speaker 4: And I've never had to pay any co payments.
20:28
Speaker 2: Yeah sounds good.
20:30
Speaker 1: No, that's good, that's and that's the point. Yeah, that's
20:33
Speaker 1: I mean, I think most advisors would tell you you've
20:36
Speaker 1: got to be on a plan that suits you and
20:39
Speaker 1: then you can manage. So someone is saying, like the
20:41
Speaker 1: gap cover, the shortfall cover. Some people need that, some
20:44
Speaker 1: people don't need that.
20:45
Speaker 3: And I can't believe this is going to come out
20:46
Speaker 3: of my mouth. But when you do get cold cold
20:49
Speaker 3: by a salespersonal broker who's wanting to discuss what plan
20:53
Speaker 3: you on?
20:54
Speaker 2: You know what insurance you know? No, no, no, no, no,
20:56
Speaker 2: I'm not in the interesting, I'm not interested. Be so quick.
20:59
Speaker 3: I'm not in guys, just hear them out, because half
21:01
Speaker 3: the time they're calling you to save you money. Tyrone Hodgson,
21:05
Speaker 3: you are director and owner at one point sixty one
21:09
Speaker 3: eight Advisory Services, the South African Financial Services Company. So
21:12
Speaker 3: you've seen it all and you know it all. So
21:15
Speaker 3: when you see a headline tyrone that says a million
21:18
Speaker 3: South Africans drop medical aid, what is your first reaction?
21:23
Speaker 16: Firstly, good morning in Alien team, hope you guys are
21:26
Speaker 16: super My first reactions to some point and to say, well,
21:31
Speaker 16: is that a million people who have left a medical
21:33
Speaker 16: aid scheme? And I don't know if the evidence supports that.
21:36
Speaker 16: I think there's a million people that have moved towards
21:38
Speaker 16: other products, like a health insurance type of product. I've
21:44
Speaker 16: listened to a whole lot of a whole lot of
21:46
Speaker 16: the callers as they've sort of come in. There's a
21:48
Speaker 16: couple of sort of key points. First and foremost is
21:53
Speaker 16: there is a big drive towards cheaper plans with the
21:57
Speaker 16: buyap of gap cover. So a lot of people just
22:01
Speaker 16: simply cannot afford it. I mean, the reality of it
22:03
Speaker 16: is is increases from salary perspective a hue and far between,
22:07
Speaker 16: and increases in medical aid. Whilst they do the best
22:10
Speaker 16: they can, are pretty static. You are getting a nine
22:13
Speaker 16: to ten eleven whatever it is to be an increase.
22:16
Speaker 12: So what's the big driver.
22:18
Speaker 16: I don't think the big driver is a million people
22:20
Speaker 16: canceled medical aid or hospital planned by any stretch. I
22:23
Speaker 16: think it's just people are moving and people have initially
22:28
Speaker 16: bought or sorry, whether they weren't on medical aid or not,
22:31
Speaker 16: they have now bought medical insurance products.
22:34
Speaker 2: Okay, run us through that.
22:36
Speaker 3: When you say medical insurance product, you also said health
22:38
Speaker 3: insurance product. What is that? What is the name of Alessa?
22:41
Speaker 3: Call my broker today and say, Tyrant said a health
22:44
Speaker 3: insurance product.
22:45
Speaker 2: What is that?
22:47
Speaker 12: Okay?
22:47
Speaker 16: So medical aids and hospital plans are regulated by the
22:50
Speaker 16: Council for medical schemes. They have basically dependent on which scheme,
22:55
Speaker 16: but primarily they have unlimited cover for hospitalization, et cetera.
23:00
Speaker 16: I heard a consumer calling earlier and say that specialists
23:04
Speaker 16: in hospital uncovered. It said, today are once you're in
23:07
Speaker 16: hospital admitsage, you are covered. Covers a plethora of day
23:10
Speaker 16: procedures as well. The most importantly it covers PMBs. All right,
23:14
Speaker 16: So as an example of that, it would be oncology.
23:17
Speaker 16: And that's at really high levels. So if you had
23:21
Speaker 16: something like cancer or bob writers or high potensional anything
23:26
Speaker 16: that is a requirement that you are on some form
23:29
Speaker 16: of treatment to keep you alive, a very basic description
23:32
Speaker 16: but more or less covers it or sums it up.
23:35
Speaker 16: That would be on a medical aid and hospitalizer and
23:38
Speaker 16: hospital cover plan all right regulated by the Council for
23:41
Speaker 16: Medical Schemes quatrobused frameworks in check covered for everything where
23:46
Speaker 16: the medical insurance product is. It sits on an insurance
23:50
Speaker 16: a shortter insurance license. You basically buy what you want.
23:54
Speaker 16: If there's a company ABC that has five grand for GPS,
23:58
Speaker 16: five grand hospitalizations to any ground for a heart attack,
24:01
Speaker 16: you covered to very very concerts and precise levels. What
24:05
Speaker 16: you buy is what you get. So is the risk
24:09
Speaker 16: is significance because you know it's starting to have a
24:11
Speaker 16: heart attack and they admitted to me in more parking
24:14
Speaker 16: that that could be millions, as you guys are all
24:17
Speaker 16: aware of, and you know you've admitted under your hospital
24:20
Speaker 16: plan you covered and now not at ten times you
24:23
Speaker 16: are covered. I have people and I'll laughed when when
24:26
Speaker 16: you ask the question, has anyone ever not had a
24:28
Speaker 16: small copayment?
24:29
Speaker 1: Suldenly?
24:30
Speaker 16: But it's normally on the day to day starts like
24:32
Speaker 16: a medication or whatever the case is. But long story
24:36
Speaker 16: short is there's a systemic risk in going for a
24:38
Speaker 16: medical insurance product however needs mass. If you've only got
24:42
Speaker 16: a certain amount of cash to spend on it, then
24:45
Speaker 16: then you know something is.
24:48
Speaker 2: Yeah, Tyron, let me prop you to your life quickly.
24:52
Speaker 2: Are you married with kids?
24:54
Speaker 1: Yes? I am.
24:55
Speaker 2: How many kids do you have?
24:57
Speaker 16: I've got twin daughters and an eight week or little girl?
25:00
Speaker 3: Oh running around gold dad, gold dad.
25:05
Speaker 2: Okay, so that.
25:06
Speaker 3: It's tyrant and then plus four people. So that's I
25:10
Speaker 3: don't know, you know, yes, oh my word. So you're
25:13
Speaker 3: a family of five. Which medical aid are you on?
25:15
Speaker 2: And what scheme are you on?
25:18
Speaker 16: I was, so let me give you a context. I
25:20
Speaker 16: was on a Discovery hospital plan for my entire life,
25:23
Speaker 16: and then when I had my twin daughters, I was
25:26
Speaker 16: I went on to an executive plan as as a
25:30
Speaker 16: previous caller was tripped at alluded to. My daughter was
25:32
Speaker 16: born very prem and I have I have to be
25:35
Speaker 16: on top of the range medical aid plan for her.
25:40
Speaker 1: You upgraded to make sure that you are covered. Yes.
25:46
Speaker 2: Back to making your mourning and la and the nine
25:52
Speaker 2: four seven