Is cancelling your medical aid in these tough economic times a good idea?
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GUEST: Charleen Rix, Head of Healthcare at Sasfin Wealth
What we initially thought may be a few months of inconvenience has turned into something much more prolonged and intense. The cost of living in South Africa is becoming more expensive each year and this has been exacerbated by the frailty of the economy and compounded by COVID-19. Because of this, many people are under significant financial strain at the moment. With this in mind, it may be tempting to consider cancelling your medical scheme membership, but this could have far-reaching negative results.
What we initially thought may be a few months of inconvenience has turned into something much more prolonged and intense. The cost of living in South Africa is becoming more expensive each year and this has been exacerbated by the frailty of the economy and compounded by COVID-19. Because of this, many people are under significant financial strain at the moment. With this in mind, it may be tempting to consider cancelling your medical scheme membership, but this could have far-reaching negative results.
