Why it’s a bad idea to cancel your medical aid
You have wiggle room in your scheme to free up cash and still be covered
The extended countrywide lockdown to curb the spread of the coronavirus means that millions of us are facing the prospect of little to no income in the months ahead. As you re-examine your budget for expenses that can be cut or reduced, you might be tempted to look at your medical aid contributions. But is this a good idea?
NT Snyman, senior consultant at Alexander Forbes Health, says considering cancelling your medical scheme membership at this time would be ill-advised...