The Employers Guide to Medical Aid South Africa

MEDICAL AID FOR YOUR COMPANY

PROTECTING THE HEALTH OF YOUR EMPLOYEES

Your employees can have all the money in the world, but without good health, it is difficult to enjoy life. You do not need to be a large business to offer your workforce medical aid cover as a benefit. 

In fact, many owners of small sized enterprises (SME) are beginning to offer medical aid cover, and with good reason. The added security of speedy access to top-quality health care may keep employees motivated and loyal but also gets them back to work as soon as possible.

EMPLOYEE HEALTH AND YOU, WITH MEDICAL AID SOUTH AFRICA

Employee health problems can be a serious concern for business owners, especially in small businesses. While a larger firm might be able to compensate for a single worker’s prolonged absence, a small business struggles to do so. 

Whether it is a restaurant losing a chef or a transport company losing a driver. a Small business suffers when employees are out of work for long periods due to illness or injury. The costs of covering for a critical employee’s sick leave can mount quickly. 

In addition, the prolonged illness of one employee can become a concern for everyone in the business, including the owner. It is easy to see why it is vital to get sick employees back to work as soon as possible. Medical aid makes it easy to find a fund and or plan for your employees. The challenge of dealing with an overstretched health care system can be very stressful for employees. Medical aid cover aims to take away these worries, providing speedy access to a high standard of personalised care. Employees will have the comfort of knowing that they will oversee their own health care decisions. 

MEDICAL AID SOUTH AFRICA, BENEFITS FOR EMPLOYERS

Not only does having medical aid South Africa cover help employees feel more secure. It improves productivity and morale, it can reduce the costs of extended periods of sick leave and illness cover. Medical aid cover is also an increasingly attractive benefit. 

Especially in a climate of uncertainty about the fate of public health, making it a powerful tool for recruitment and employee retention. As a result, it is a highly cost-effective benefit, providing not only improved healthcare for employees. But also improved financial outcomes for businesses.

CHOOSING PRIVATE HEALTH CARE FOR YOUR BUSINESS

We believe offering medical aid South Africa, cover as an employee benefit is a good way to build company morale, look after your workforce and get them back to work as quickly as possible in case of illness. Although many employers worry about cost, medical aid cover can be surprisingly cost effective, especially when compared to the potential costs of long periods of employee absence. 

As an employee, you may be entitled to partial or full medical aid cover as part of your employment package.

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HOW AN EMPLOYER

CONTRIBUTES 

Some employers pay a percentage of their employees’ medical aid contributions directly to a medical aid South Africa scheme. Others offer full remuneration packages, known as cost-to-company (CTC) packages, which include the total cost of benefits such as travel allowances and medical aid South Africa contributions. In the case of CTC packages, the onus is on employees to contribute to a medical aid plan. 

Payments by the company won’t exceed the agreed monetary value of the CTC remuneration package. This means that any increases in medical aid premiums that are above the annual inflation rate will have to be carried by you as an employee, rather than by your employer.

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Insurance Simplicity & Medical Aid Expert Advice