How much money do you earn? And how do you spend it?

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Paul_S

Executive Member
Joined
Jun 4, 2006
Messages
5,549
Sinbad said:
Medical Aid: R 7,192.00 :(
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Medical aid is becoming really unaffordable in this country.
If people in their 30's and 40's can barely afford it now then there is no way that most people will be able to afford medical aid when they retire.

You pay those figures and before you're even half way through the year you're into a self payment gap or hit some other stupid limit.
I'm seriously considering a downgrade to hospital plan plus gap cover and investing the rest.
I've paid enough for Discovery's luxurious offices and executive perks.
 
ghostR

ghostR

Executive Member
Joined
Feb 11, 2015
Messages
6,121
Paul_S said:
Medical aid is becoming really unaffordable in this country.
If people in their 30's and 40's can barely afford it now then there is no way that most people will be able to afford medical aid when they retire.

You pay those figures and before you're even half way through the year you're into a self payment gap or hit some other stupid limit.
I'm seriously considering a downgrade to hospital plan plus gap cover and investing the rest.
I've paid enough for Discovery's luxurious offices and executive perks.
Click to expand...

+1, Another thing in other countries, you have national health and it's better than our private hospitals here... Another negative about ZA.
 
Sinbad

Sinbad

Honorary Master
Joined
Jun 5, 2006
Messages
81,150
YingYang said:
2? You sure its not overkill?
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That's the fixed discovery rate for that plan.

No, it's not overkill. As you get older, things start getting more expensive. I'm not prepared to compromise on healthcare in this country, I want the best - and most specialists charge at least 3x the accepted medical aid rate nowadays. If you don't have cover for that, it's gonna hurt!
 
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Paul_S

Executive Member
Joined
Jun 4, 2006
Messages
5,549
Sinbad said:
2, classic comprehensive.
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Don't you mean Executive?

Classic Comprehensive is 2772 (main member) + 2622 (adult dependent) = R5394
Executive is 3410 + 3410 = R6820 (plus I'm assuming Vitality to get the figure of R7192)
 
S

syntax

Executive Member
Joined
May 16, 2008
Messages
8,655
Sinbad said:
2, classic comprehensive.
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Sinbad said:
That's the fixed discovery rate for that plan.

No, it's not overkill. As you get older, things start getting more expensive. I'm not prepared to compromise on healthcare in this country, I want the best - and most specialists charge at least 3x the accepted medical aid rate nowadays. If you don't have cover for that, it's gonna hurt!
Click to expand...

Im on classic comprehensive with me +2 as well. Unless you mean yours is 2 in total?
We pay just under 8k
 
Sinbad

Sinbad

Honorary Master
Joined
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Messages
81,150
Paul_S said:
Don't you mean Executive?

Classic Comprehensive is 2772 (main member) + 2622 (adult dependent) = R5394
Executive is 3410 + 3410 = R6820 (plus I'm assuming Vitality to get the figure of R7192)
Click to expand...

You're not taking MSA contribution into account:

2772+2622+1798 (MSA)
 
TehStranger

TehStranger

Executive Member
Joined
Nov 19, 2012
Messages
6,088
Sinbad said:
2, classic comprehensive.
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Fair enough, I wholeheartedly agree on a top quality medical aid in S.A. I've been on classic comprehensive for most of my teen/adult life and have had to use it quite a bit, and I've never had a day's trouble with a claim.
 
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Paul_S

Executive Member
Joined
Jun 4, 2006
Messages
5,549
Sinbad said:
You're not taking MSA contribution into account:

2772+2622+1798 (MSA)
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Ah okay.
That's a lot of money so I hope you're getting your money's worth. :wtf:
I can't afford or justify to spend one third to half of my salary on a medical aid so I guess those who can pay are going to have to bear with 10%+ increases every year until they die.
I don't see this ending well for private medical aids.
 
Sinbad

Sinbad

Honorary Master
Joined
Jun 5, 2006
Messages
81,150
Paul_S said:
Ah okay.
That's a lot of money so I hope you're getting your money's worth. :wtf:
I can't afford or justify to spend one third to half of my salary on a medical aid so I guess those who can pay are going to have to bear with 10%+ increases every year until they die.
I don't see this ending well for private medical aids.
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We have good years and bad years.
The MSA is my money anyway, so there's no nett impact of that. The rest I view as insurance (which is what it is, really).
One year I had kidney stones and my wife had to have 4 tooth implants. That was 120k right there in a couple of months.
 
OrbitalDawn

OrbitalDawn

Ulysses Everett McGill
Joined
Aug 26, 2011
Messages
47,031
Yep, and wait till something like the big C strikes and you'll be very grateful to have proper medical aid.
 
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