SECURE THEIR FUTURE
For Your Family
As families we face many obstacles in our lives. From serious illness or basic medical costs, to the loss of a loved one, to funding our children’s higher education. Should you as a family be faced with these everyday issues, are you prepared to weather them?
What plans do you have in place to cope with such difficulties.
Let us help protect yourself and your family from the financial impact of life's unexpected events!
We at PBA Brokers offer simple yet effective solutions to assist you should you experience any of these events.
Medical Aid, Gap Cover & Top Ups
Health is something that we take for granted and tend not to think about until something goes wrong! If you were to be involved in a car accident, became aware that you had a disease that you needed treatment for, sustained an injury or had something as simple as bad flu, are you aware of how much it would cost you in medical expenses.
Statistics show that a large amount of bankruptcies in South Africa can be attributed to exorbitant medical costs. Inflation for medical expanses is much higher than average inflation. In 2013 one study showed, the average cost of one day spent in ICU was around R6,634. Further to this, this was just basic ICU care, it did not include ventilation or special procedures that would have to be undertaken when caring for each patient’s specific problem.
Its seems that in the absence of even the most basic medical cover, the average person would be forced to make use of our State Hospital System with absolutely no guarantee as to what type of help and services they would receive.
We at PBA Brokers can provide advice and assistance with regards to the following health needs:
Assisting you the individual client to select an appropriate medical aid scheme taking into consideration affordability and individual needs.
Taking care of administration and intervene on behalf of members to get matters resolved.
Communicate with members regarding important issues such as medical aid reviews and changes to benefits at year end.
Ongoing advice and assistance when required.
Assisting companies with advice, year-end presentations and the administration of the scheme on a monthly basis.
Assisting employees with changes and individual advice and presentations when required.
What is 'Gap Cover'?
As a member of a medical aid scheme you will probably enjoy the benefits of being covered from 100% to 200% of the National Health Reference Price List (NHRPL) tariffs, depending on your plan. We all know if we have had the experience of being hospitalised that our professional doctors often do not adhere to the NHRPL rates
Gap Cover is a product that you add onto your medical aid in order to try and cover any shortfalls that you may experience when in hospital. It will pay the difference between the NHRPL tariff and the actual cost charged by your doctor, up to a maximum of five times the NHRPL tariff in the event of hospitalization or surgery.
Guardrisk offers “Admed” at a rate of R299 a month for a family or an individual. HOWEVER… They have allowed PBA Brokers to sell Admed at a discounted rate of R129 per month provided that PBA Brokers either administers the clients medical aid or the client has their life cover with PBA.
No one likes to be reminded that at some point, everyone will pass away. However, its Vital to keep this in mind. Death can occur at any time and should this happen, you need to know that your loved ones will not be left with the crippling costs of a funeral and all things involved.
When you arrange a burial, you will have to look at things like:
Cremation or Burial Costs
Protect your family and friends from unnecessary expenses. Speak to one of our brokers about arranging funeral cover.
Last Will & Testament & Funeral Plans
We at PBA Brokers feel that it is crucial for our clients to have a Will that reflects their true intentions, their wishes, as well as to be informed of the legal implications should they not have a Will. It has also come to our attention that a copious number of our clients who do have a Will, have appointed their bank as their executor. We would not recommend this as the fees are generally higher to unwind their Estates and, from our experience, the processes take much longer.
That is why we have chosen to partner up with one of the leading professional Will drafting and Estate Planning companies in South Africa, Capital Legacy. We can recommend Capital Legacy. Further to this, the consultation and the drawing up of the Will comes to you at no cost. Should you want to eliminate all costs of unwinding your estate, the consultant will be able to discuss a solution with you. Please let us know should you wish for one of their consultants to contact you directly and discuss your Will with you.
Your Children’s Education
We at PBA know that all parents would like their children to have their best fighting chance as they grow up and enter into adulthood. But we also know that when that time comes along, not everyone is able to afford the best education no matter how much they love their child. Therefore, we have made sure that we are able to offer products that parents can use to help provide for their children’s education. So what are some of the options that we have to offer you…?
Save For Your Children’s Future Education
Do you possibly have a lump sum that you would like to use to fund your Child’s future education but it is just not enough? Or maybe you have a little bit of extra money that you would like to put aside every month but you don’t want is just to devalue due to the crippling effects of inflation. Well there are a number of products such as endowments and unit trusts that you can use to invest your money and assist it to grow so that you can get the best use of it when you need it the most.
Products Designed to Ensure Your Children Get the Best Education Should You Pass Away…
As a responsible parent, you may have taken out life cover to ensure that should something unforeseen happen to you, your family and especially your children will be protected and that their needs and expenses will be provided for. However, many parents worry that should they pass away while their children are still minors, would the money that they have left behind really be allocated to their children and will this be in the way that they intended for it to be?
It is exactly for these reasons that we offer products that are specifically designed to pay for your children’s education needs, or pay your children’s school or institution directly in order to ensure that your money goes where you intended it to and does not get misappropriated by whoever is administering the money that you have left behind.
These type of products are offered by a number of companies. Speak to one of our Financial Advisors to find out which product would best suit your and your children’s needs should you be interested.