What are Mediserv Student Scholarship Medical Plans?
Mediserv Student Scholarship Medical Plans are a less expensive range of Medical Plans designed specifically for students
Plan is designed to address the economic needs of students and also provides robust coverage
Why have you chosen the special name “student’s scholarships” for these medical Plans?
The underlying aim is to offer a scholarship-grade value-added to make it affordable for the student to obtain robust coverage
The effect of the highly discounted rates for coverage is that Mediserv is offering to students a scholarship value
Mediserv applied this concept to two (2) of our medical Plans: our Classic Gold Mediserv Medical Plan and our Classic Diamond Medical Plan. These plans are thereby transformed into the Gold Scholarship Medical Plan and the Diamond Scholarship Medical Plan respectively.
How does a student benefit from these scholarship Plans in comparison to having one of your regular Mediserv Classic Range of Medical Plans?
Rates are significantly lower. For example:
Diamond Scholarship Plan offers a discount on the Classic Diamond Plan. The percentage discount is the scholarship value that Mediserv is offering to students.
What is a deductible?
The part of a claim that the member accepts as his responsibility and is deducted from the eligible expense before the Company settles the claim.
What do you mean by co-payment?
A benefit whereby MEDISERV and the claimant shares the responsibility of settling the claim using a pre-agreed percentage ratio. It is transacted after the deductible. The percentage that Mediserv bears is listed in the contract
Do Mediserv plans cater for retired employees?
Yes, Mediserv Jewel Range of Plans provides coverage for retired persons and anyone who needs to commence coverage after age sixty (60)
How long after my treatment do I have to submit my claim to my Mediserv?
Most health plans allow a period of 90 days from the start of your illness for you to submit a claim. Mediserv permits ninety (90) days for participants in the Mediserv Classic range and sixty (60) days for participants in the Jewel Range.
What is a pre-existing condition?
Generally refers to medical condition, which existed before the commencement date of the plan. In the Mediserv plans this term applies to any illness that emerges or show symptoms before the member has expired his Incubation Period in the plan for that respective illness.
Applies to benefits with fixed Reimbursement quotas within the sum assured and are not replenishable over the lifetime of member
What is Reimbursement?
A benefit that is the net money payable to the claimant after the Deductible and or the Co-payment is transacted.
What is an Allowance?
A benefit payable from the sum assured whereby the deductible and co-payment s zero.
What is a Claim?
Each submission of documents for reimbursements of eligible expenses per illness per person.
In the contract, what does 100% or Unlimited mean?
Refers to benefits with fixed reimbursement quo that are payable up to the maximum reimbursement available within the category of Coverage purchased.
In the contract, what does Lifetime mean?
Applies to benefits with fixed Reimbursement quotas within the sum assured and are not replenishable over the lifetime of members.