YOUR MONEY | 5 things you need to know about health insurance

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(Photo: Getty Images/Gallo Images)
(Photo: Getty Images/Gallo Images)

Health insurance isn’t the same as medical aid cover. It’s an insurance policy similar to a life insurance policy which pays out for certain medical expenses.

It’s more affordable than medical aid membership and is increasingly popular among those who can no longer afford medical aid premiums but who still want some measure of medical cover. Here are five key elements you need to be aware of if you’re considering health insurance.

There are many health insurance products on the market and they mostly cover day-to-day medical expenses, or can be targeted toward specific medical procedures as stipulated in the policy.

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