Oxygen Medical Insurance is a medical insurance plan that consists of a comprehensive hospital plan, as well as an add-on day-to-day benefit plan called MedBux. The MedBux plan allows the insurance plan to be customised to fit each member’s individual needs. You can either take Oxygen as a stand-alone hospital plan, or you can take it in conjunction with our MedBux day-to-day benefit plans.
The in-hospital benefits provide cover for hospitalisation in a private hospital, and extensive hospital treatment cover. The in-hospital cover includes benefits without an annual limit, as well as benefits with individual limits, which provides cover for a range of supplementary in-hospital treatments and services.
The MedBux optional day-to-day cover includes out-of-hospital medical services such as doctors’ visits and medication, as well as other auxiliary services. The annual limit of your MedBux benefits depends on the level of cover that you have selected. The MedBux plan acts as a medical wallet with an available balance.
For example, if you have selected MedBux level 1, at 200 Namibian dollars per month for 12 months, you will receive the total 2400 Namibian dollars in advance to be used for day-to-day medical cover. You will therefore have the complete balance available to you from the start of the benefit year, so that you may allocate the funds to various day-to-day medical expenses as you wish. If your MedBux balance is depleted before the end of the benefit year, you can opt to buy a level up, and for the remainder of the year you will pay the increased fee and receive the total amount, depending on the number of months remaining for the year, into your MedBux balance. If there is money remaining in your MedBux balance at the end of the year, it will roll over to be used in the following benefit year. You will not lose any of your MedBux balance at the end of the benefit year.
Another benefit of the Oxygen Medical Insurance plan is the iBux rewards system, whereby you will be able to get points for actively keeping healthy, such as going for regular health screenings and going to the gym. Your points will accumulate throughout the benefit year, and based on the number of points you have earned, you will be able to claim cash back at the end of the year up to the value of 2000 Namibian dollars.
Finally, Oxygen has a no-claim bonus reward, which means that if you have not made any claims on your hospital plan throughout the benefit year, you will receive 20% of your annual premium back at the end of the year. This does not include day-to-day claims, so you can claim from your MedBux balance and still be eligible for the No-Claim bonus reward.
For details about specific benefits, as well as monthly premiums for the stand-alone hospital and the MedBux benefit levels, please see our online brochure. If you have any other questions about the Oxygen Medical Insurance plan, please phone us at 083 299 9000, or visit your nearest Prosperity Life Branch.