More Health Plans — Senior Citizens and a Family Plan

Sometime in April (thankfully, not the event the popular film of the same name dramatizes) I put out this POST talking about how we had been working in partnership with Hygeia HMO to make health plans affordable.

You can simply buy health plans, pay monthly and select one of almost 800 hospitals nationwide immediately. We brought you 2 plans, HY Basic at N2,950 monthly as well as HY Prime at N5,850 monthly. No pre-qualification required. You simply visit the CREDEQUiTY site HERE, supply your phone number and if your monthly disposable income covers the cost of the plan, its a go. Instant access to healthcare.

In that period, while a lot people visited the site to try to buy, our conversion rate was about 5%. So we picked up the phone and called most of those who dropped off. The main drop-off reasons were:

Nigerians love their parents, eh?

So, most people wanted plans for parents over 50 (especially diaspora people) and also to buy family plans, especially for their staff — since our existing plans were individual plans, what was the point if the driver is covered and his kids were not?

Our New Plans

So we got to work, and we’re very happy to announce that we’ve been able to create something with Hygeia that deals with this. We now have 2 Senior Plans and a basic family plan.

The Senior Plans

The Senior Mini plan is N9,000 monthly, while the Senior Midi plan is N24,100 monthly. The big difference is that the Senior Midi plan covers chronic illnesses and their medication (diabetes, hypertension, e.t.c), has much higher limits, gives access to semi-private wards and a more exclusive set of hospitals. The details of the benefits for each senior plan is below

For now, you can only pay for these senior plans with a Nigerian Bank-issued card, but we’re working on international card acceptance. We’ll provide updates once that is done.

The Family Plan

We have also created a basic family plan at N6,000 Monthly. This plan covers a family of 4 — Parents and 2 dependents. Crucially, the maximum age for this plan is 70Years, hence it covers parents who are above 50 as well. While this plan currently does not cover maternity, we are working to improve it to include this and also increase the number of people covered to 5 (Nigeria’s average urban family size is 5). We’ll keep you posted on this.

SMEs Can Buy As Well

Most SMEs do not have Health Plans for their employees today. The two issues are the cost of paying annually, as well as a lack of product fit in what HMOs offer.

In this update, we’ve included a way for SMEs to buy group plans for their staff and pay monthly. So you really don’t have any reason not to have HMO cover for your staff any longer. Plus the journey is really seamless. Main prep you need to do is make sure you have pictures of the staff you’d like to enroll saved when you start the process on the site.

Charity Anyone?

You can now also buy plans for a group of people and subscribe to pay for them monthly. This works mainly for all the individual plans including the HY Basic, HY Prime, Senior Mini and Senior Midi plans. So if there’s a group of people you’d like to help, simply select GROUP on the landing page and follow the journey to the end. It’s really simple.

And The Hospital List

Finally, we have also included the hospital list, so that you can find a hospital close to you to chose from. There are almost 800 solid hospitals nationwide, categorized into B, C and D.

You can view and/or download the hospital lists per category whenever you view plans on the site. You’ll see it as shown below under Hospital Coverage, on a plan by plan basis:

To get started, please Click HERE.

We’ll keep improving the customer journey, experience, the quality and affordability of these monthly plans until everyone can afford to have Health Insurance.

Plus we have a few other exciting things coming up in Rent and Vehicle Insurance.

A Beautiful Mind