How to Improve Your Health: The Esusu Style

Oluwaseun Efunnuga

Oluwaseun Efunnuga

Have you heard of Esusu?

It’s a money saving hack.

But Esusu is more than just a saving hack. It is often hyped as the best communal way of saving money that people used in those good old days.

Picture this. You are a member of a local savings group known as an “Esusu.” Every month, each member contributes a specific amount into a common savings box. When everyone has contributed for a month, the total amount is given to one member of the group. Each member must have picked a collection number at the beginning of the savings cycle.

Let’s say you picked number one. This means you will receive the total amount contributed to the first month. Someone else picks number two until it gets to the last member of the group. This means that the total money contributed at the end of each month gets rotated until each member receives a lump sum.

What this means is that, if there are ten members in the group, the contribution cycle will last for 10 months. The number of people in the Esusu group would determine the number of times they would contribute money.

The best part is that you can use the lump sum to achieve a major milestone or investment like buying a new car, property, or paying for your child’s school fees without breaking the sweat.

A good health insurance is just like Esusu

Heath experts often tell us to invest in our wellbeing and healthcare by ensuring we visit the hospitals for regular checkups. But how do you maintain routine checkups when just one hospital visit can drain half of your salary? How do you make sure sickness doesn’t ruin your productivity when an average hospital visit can take up to five hours of your time? Fuel is already expensive, imagine having to spend so much on healthcare again!

But there is a smart way to save costs on healthcare spendings, become more productive with your time and get access to healthcare in any location without spending a dime! You don’t even need to be physically present at a hospital before speaking with a doctor too.

Sounds like magic, right? Let’s show you how this works.

Just like Esusu, you can contribute money (premium) to a Health Management Organization (HMO) like Reliance HMO. The HMO will help you source good health benefits from a network of providers – hospitals, dental clinics, eye centers, gym and spas etc.

Depending on the amount you contributed, you will have access to various health benefits. The larger the amount you contribute, the larger the number of benefits you will have access to.

As we mentioned earlier, as an Esusu member, you receive a lumpsum at a particular period, but in health insurance, instead of receiving money, you receive access to health care.

Esusu participants can decide to scatter the group savings when it gets to your turn to receive money, but with Reliance HMO, nothing stops you from accessing healthcare whenever you need it as long as you pay your premiums.

This means we cover the benefits listed under the plan you subscribe to, and you have prompt access to those benefits whenever you visit any of the hospitals allocated to your plan.

As the number one telemedicine provider in Nigeria, we have insured over 300,000 plan members. This is in addition to our reputation for being a market leader in prompt claims payment, customer satisfaction and advocacy.

If you are an employee, you don’t have to contribute your personal money as your company may have health insurance as part of their employment benefits. This is your cue to only work with companies that offer health insurance as a benefit. Don’t say we didn’t do anything for you. You’re welcome.

Is health insurance worth it?

This is Nigeria and you know how everything has become expensive. Of all the worries you have currently, your health and wellbeing should not be one of them.

Think about this. You received your salary last month on the 25th. Let’s assume today is the 15th of a new month and you have already finished spending your salary. You woke up in the morning with this terrible fever.

What comes to your mind first? No money to visit the hospital! No money to buy medicine! You are sick and worried at the same time. An average hospital visit will cost you between N20,000 to N50,000.

You shouldn’t go through all these worries when you have health insurance.

Here’s the magic:

  • No more financial nightmares: With health insurance, you won’t have to worry about outrageous hospital bills when you fall ill. The health plan covers most medical costs, from doctor visits and tests to medications and even surgeries (depending on the plan).
  • Save precious time and energy: Being sick is stressful enough. You don’t waste time worrying about affording treatment or waiting in long lines. Health plans let you focus on getting better, not on finances. Even if you don’t want to leave your house, you can decide to speak with a doctor using the Reliance HMO app and your medicine will be delivered right at your doorstep.
  • Peace of mind you can’t buy: Knowing you’re covered for unexpected health issues gives you a sense of security and freedom. You can enjoy life without the constant worry of a medical bill destroying your budget. You can use your actual Esusu to go for that vacation you’ve always wanted.

By now, you can agree that health insurance is worth the hype.

Let Reliance HMO be your health Esusu

Esusu has different names in the various tribes of Nigeria and even in other parts of the world.

But one thing remains constant across all tribes – access to a large amount of money you wouldn’t have been able to pool together as an individual in a short period of time.

The same principle applies to health insurance. You get access to a range of health benefits that your premium would ordinarily not be able to afford.

Ready to get started?

Reliance HMO offers a variety of flexible health insurance plans to fit your budget and needs. With Reliance HMO, you get:

  • Access to a wide network: Our network includes a vast range of doctors, hospitals, specialists, gyms, and even spas (depending on your plan).
  • Hassle-free care: Say goodbye to mountains of paperwork and long wait times for approvals. We make the process smooth and efficient.
  • Top-notch customer service: Our friendly and knowledgeable team is always here to answer your questions and guide you through the healthcare maze.

Let Reliance HMO be your health Esusu. Get a free quote today and see how affordable quality healthcare can be!

 

 

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Oluwaseun Efunnuga

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