The best medical aid in South Africa, like the cheapest medical aid, are highly sought after companies and products that essentially do not exist. The fact of the matter is that no medical aid can truly claim to be better than another. All medical aids essentially offer the same products with the same benefits at approximately the same price. Some medical aid companies have a larger member base. Others have a stronger financial record with larger reserves. However, whether these factors alone can be considered to make one medical aid the best from the lot depends on perception.
As with any product or service, we are all looking for the best option at the cheapest price. However, cheap medical aid is actually a myth similar to the idea of the “best medical aid” in South Africa. The fact of the matter is that no medical aid is significantly cheaper or more expensive than another. There are cheaper and more expensive plans within every medical aid but this is due to the differences in benefits offered on each plan. Sometimes it is just a matter of common sense. If there was a cheap medical aid in South Africa then in all likelihood it would drive all other schemes out of the market. However, there is over 100 medical aids in existence in South Africa, about 30 of which are open to the general public and they are all doing fairly good business.