The MediCash Healthcard is a PIN-based VISA Debit Card

You can use the MEDICASH Healthcard just like any other debit card. It can also be used by your whole family - and is considered cash by medical practitioners and suppliers, enabling you to negotiate cash discounts.
As a VISA debit card, it is also accepted at payment terminals all over the world.

What your MediCash Healthcard does for you

As a stand-alone medical savings account, the MEDICASH HealthCard helps you save and pay for all your medical expenses. It also enables you to choose your doctor as well as earn interest on the positive balance in your account. You can use it with any medical aid, or on its own.

The MediCash Healthcard is First Aid for people with, or without Medical Aid

In the future most medical aid options will not offer savings. This means, if you run out of benefits before the end of the year, you will have to pay for your healthcare yourself. With MEDICASH, your savings are yours and unlike medical aid savings, no-one else can access your savings account as all transactions require your personal PIN code as authorisation. At the end of the year, your surplus MEDICASH savings are carried over to the next year and remain yours - whereas some medical aid savings are forfeited.

Interest rate & Tax Benefit

While most debit cards pay no interest, your MEDICASH HealthCard pays 1,25% interest per annum (from your first rand of savings)! You can also use your MEDICASH statements as a convenient, efficient medical expenses TAX record to submit for a rebate to SARS. (Medical expenses in excess of 7% of your annual income qualify.)