South Africa has about 160 medical aid schemes totalling around 7 million beneficiaries. The total annual contribution to medical aids is around R35-billion (according to the Council for Medical Schemes - 2006).
*Take into account South Africa has a population of more than 55 million people - meaning less than 16% of South Africa's citizens belong to a medical scheme.
Not all medical schemes are open to the public. In fact, of the 82 medical aid schemes, only about 22 are open to the public. This number might decrease over the years as the larger schemes take over the smaller ones.
According to the 2016/17 CMS annual report at the end of 2016 there were:
So how do you choose a medical aid scheme or hospital plan, a specific option of the scheme, which benefits to include or exclude?
In this ever-changing environment, you need the services and advice of an independent intermediary. Someone who doesn't only have the interests of a specific medical scheme at heart, but one who can guide you to ensure your needs are met.
Our financial planners can and will assist you with:
Examples of medical aid schemes used when analysing your needs:
For more information about how our financial planners can assist you with your medical aid or hospital plan, and selecting the best option for your needs and budget, please contact us.
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Olemera Financial Advisor South Africa would like to join the conversation around the ever-present COVID-19.
As we aim to educate ourselves on safety measures and precautions, we find it equally crucial to share such information with our readers so that we can work together to actively mitigate the spread of this infectious virus.
Read More ...Posted by Gary Walker on Friday, March 20, 2020 Views: 66