If your medical savings account for day-to-day healthcare costs tends to run out before the end of the year, here are some tips to make your savings last longer. It is important to use the money in the best possible ways. You could visit healthcare providers with lower rates, select more affordable procedures and opt for generic medicines where possible.
Check that your scheme pays your claims for the prescribed minimum benefits and use the preventative
healthcare benefits that your scheme offers. If your savings regularly run out before the end of the year, consider moving to a higher option within your medical scheme. Alternatively, you could set aside additional personal savings specifically for out-of-pocket healthcare expenses.