How do medical aid savings work? | Fedhealth Medical Aid
We are here for you!
Contact Directory
Join the Family Contact Fedhealth Family Room
Medical Aid Questions Answered

How do medical aid savings work?

With medical aid savings, part of your contribution is paid into a savings account and is not pooled with other members’ contributions. The money in this savings account is your money and is to be used for your day-to-day expenses such as prescribed medication. The total annual amount in a savings account is made available in advance for that year. In accordance with South Africa’s Medical Aid Act, your savings portion will not exceed 25% of the annual contributions that you pay. Once your savings are used up, you’re responsible for any other medical expenses. If you have any savings left over in a certain year, these are carried over to the following year.