Medical insurance is a fairly new service in South Africa, and many people are more familiar with the workings of a medical aid.
All medical cover plans, including medical insurance plans, are designed to assist with the financial burden of medical emergencies. However, many people face chronic illnesses that require chronic medication, which is, in its self, a financial responsibility.
So, how does a medical insurance deal with this?
The first question that should be answered, is what is a ‘chronic’ illness?