Finance Information
Financing Your Healthcare
Description
Avantis Health and its partner Banks have a full set of financial plans to enable self-funded patients to finance their healthcare. These products include
Health Savings Accounts
Healthcare Loans and Overdrafts
Stoploss Insurance
Critical Illness Insurance
Hospital Cash Policies
A self-funded consumer or business can combine any variation of these to put together a package to fund your healthcare and effectively manage the associated financial risks.
How it works
Funding your healthcare can be as simple or complex as you want it to be. You might just need to take out a loan for a particular healthcare treatment or you may want to combine Avantis Health's Self-funded plans and invest in a Health Savings Account, access an overdraft to fund treatment when your health savings are not enough, take out stoploss insurance to cover the risk of claims over a particular amount, and avail of hospital cash to give you funds when you are in hospital. The key advantage is that you can decide how you want to fund your healthcare. Avantis Health will then help you to purchase your healthcare to get best value for your money...no restrictions or excesses...
The Benefits
Self funded Healthcare has the following benefits:
- Your are in control of how you spend your healthcare savings, with no excesses and none of the limiting restrictions associated with health insurance.
- You can choose how much risk you are happy to take and how much you want to insure against
- you fund your own healthcare but not others – the investment you make is directly related to your situation whereas the principle of health insurance is that the risk is spread across all members. This means that others could be getting more benefit from your spend than you are.