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Articles by Brendan Els

Brendan has written 122 awesome articles for us at Insurance Fundi

Brendan

Thumbnail image for No NHRPL! Perhaps It’s Open Season For Greedy Healthcare Providers?

If you belong to medical scheme (A) could they be paying providers at a different rate to medical scheme (B)? Shouldn’t there be a standard tariff structure? Only in a perfect world! There actually was a workable framework called the National Health Reference Price List (NHRPL) that all the medical ...

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Thumbnail image for Holistic Healthcare Planning is Essential!

Current statistics paint an alarming picture of the increasing prevalence of life threatening illnesses such as cancer and heart disease. No-one likes to think about contracting one of these ailments, especially when you consider that your medical aid benefits are unlikely to stretch far enough to cover all of the ...

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Thumbnail image for 4 Differences Between Medical Aid & Medical Insurance Cover!

“So what’s in a name you ask?” Plenty actually! And when it comes to private healthcare cover there are major differences between medical scheme & medical insurance cover. Here are 4 things you should be aware of when you compare your conventional medical aid plan against medical insurance policies.

Price v ...

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Thumbnail image for Are The Proceeds Of My Life Insurance Policy Subject To Estate Duty?

Life insurance pay-outs can be pretty hefty. I mean really big numbers that run into millions and millions of rands. One of the questions I always get is “Will the life insurance proceeds be taxed when it pays out?” And here I’m specifically talking about the policy being subject to ...

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Thumbnail image for Commercial Insurance & The Dreaded “Average” Clause!

The one thing about any insurance is that it’s got to be accurate. The devil really is in the detail and when it comes to your commercial insurance it’s no different. Make sure that your assets are insured correctly. Don’t take a chance and “guestimate” because it could cost you ...

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Thumbnail image for Does My Medical Scheme Automatically Pick Up Chronic Medication Costs In Full?

Well, that depends. First off, if you want your chronic medication paid for you’ve got to put in an application with your medical scheme for chronic illness benefits (motivated by your GP). Then, if it’s approved there are a few payment scenarios that can play out.
If your condition is a ...

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Thumbnail image for What are commercial insurance clauses & extensions?

You agree that an insurance policy is a contract between you and the
insurer? Right, then you will also agree with me that a policy contains the
terms and conditions of your cover (it’s called the policy wording). Within
a commercial insurance policy wording are certain “clauses” and
“extensions”. And you need to be ...

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Thumbnail image for Only 52% Of Life Cover Applicants Get Standard Rates!

It’s always interesting to find out who is buying life insurance. Is it still predominantly middle aged men? How many of them are getting cover at standard rates? Altrisk have just released fresh data on the profile of the average life insurance client that come onto their books in 2011.
No prizes ...

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Thumbnail image for Use A DSP Or Else Your Medical Scheme Will Apply Co-Payments To Your PMB Conditions

“DSP’s, PMB’s, dude what are you going on about?”. I’m actually talking about your medical aid plan and not some new psychedelic drugs kids are popping in nightclubs.You see your medical scheme is legally obliged to pick up the cost of certain procedures called Prescribed Minimum Benefits (PMB’s) in full ...

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Thumbnail image for Factor In Executors Fees When Taking Out Life Insurance

If you’ve got a valid will document in place you’ve also nominated an executor. “What’s an executor you ask?” That’s the person / institution responsible for winding up your estate when you pass on. But just like everyone else, your executor needs to get paid. So where is that money ...

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