Why you’re paying more for healthcare cover

Why you’re paying more for healthcare cover

Some of South Africa’s biggest medical schemes have announced significant contribution hikes for 2017. Even more worrying is that, on some schemes, the increases were accompanied by a reduction in benefits, which means that members will be paying more for less.

Healthy members keep schemes going

Healthy members keep schemes going

Many members blame their medical schemes for not paying their bills, or complain that schemes make big profits, but these false accusations have their roots in myths about how schemes operate. When you join a medical scheme, you belong to a community where the members rely on each other for support. A scheme operates like a mutual society or stokvel, rather than an insurance company.