Fedhealth is proud to announce that in 2021, their flexiFED product, together with the MediVault system, is refined like never before and defined by detail.
Create-your-Aid process
True customisation is more important than ever. 2020 has affected every household differently and while spending ability is down for most South African families, medical aid has moved up the list of priorities for most.
Where the Fedhealth product truly differs in 2021, is that life stages only serve as the foundation of each flexiFED product, on which members can customise their medical aid product down to the last detail.
They’ve developed the four-step Create-your-Aid process to help their members do just that:
Step 1: Choose your Risk cover
This process starts by selecting the most appropriate flexiFED option based on life stage:
- flexiFED 1 for young and healthy single people and couples
- flexiFED 2 for starter families
- flexiFED 3 for young and still growing families
- flexiFED 4 for mature families looking for complete, all-round cover
Always keep in mind that Fedhealth allows members to upgrade their option at any time of the year in case of a life-changing event such as pregnancy or the diagnosis of a dread disease. So you can choose the option you need right now, and upgrade later if need be.
Also remember that all flexiFED options include unique benefits (such as unlimited network GP visits and female contraceptives) as part of the Risk cover. Regardless of which flexiFED option you choose, you will have access to all these benefits, which means that your day-to-day benefits will last longer.
Step 2: Choose your Risk contribution discounts
The second step is to choose the flexiFED variant and subsequent discount it has to offer:
- “Any-Hospital” flexiFED options offer full cover at any private hospital, except flexiFED 1, which is a network hospital option by default.
- GRID variants offer full private hospital cover at network hospitals and reduce a member’s contribution by 11%.
- Elect offers full cover at any private hospital with a R12 500 co-payment for elective surgery, in exchange for a 25% discount on the member’s monthly contribution.
Step 3: Choose your repayment structure
Next up, members choose how they’d like to repay their MediVault for day-to-day medical expenses. Members on the FLEXIBLE repayment structure manage their own product to maintain control over their expenses, while members on the FIXED repayment structure prefer the Scheme to manage their medical aid in return for simplicity, convenience and predictability.
Step 4: Choose your level of day-to-day benefits
With Fedhealth, affordability is in the hands of the members. They provide ample access to day-to-day benefits, and you then decide how much or how little you want to use.
- The FLEXIBLE repayment structure offers the most flexibility, and the member chooses exactly how much of their MediVault allowance they want to use throughout the year. To calculate the total monthly Fedhealth contribution, they simply divide the amount they intend to use by 12, and then add the Risk cover amount.
- The FIXED repayment structure is much simpler, and the member does not have to calculate anything.
Customisation is the way of the future. Whatever matters most to an individual, be it control, simplicity or affordability, as it is for most, Fedhealth’s flexiFED range delivers and exceeds these individual demands.
