10/11/2018
Discovery Health 2019 medical aid increases !!!!!!!
Except a rise of at least 9% in your monthly premium …
Discovery Health Medical Scheme, the country’s largest with 2.8 million lives under administration, has published the contributions members will pay from January 2019. The weighted price increase is reportedly 9.2%. Last year, the weighted increase was 7.9%.
The sharpest increases are at the high end, with contributions on its Executive Plan and Classic plans increasing by double digits (10%). It is worth mentioning that contributions for children are up by the most, percentage-wise, on a number of plans (That said, a maximum of three children are counted).
Monthly fees for Vitality Health will increase by between 7% and 9% in 2019.
The newly-introduced Vitality Purple, which offers a private-banking type experience along with enhanced rewards and benefits, sees more moderate increases. Vitality Active, aimed at younger people who may not yet be on medical aid, sees a simple R5 per month increase.
Medical aid members – Discovery or not – would do well to review the plans they are on as well as their scheme versus others together with their broker or financial advisor to ensure they are on appropriate cover. Very often, one’s circumstances when taking out cover in the first place will have changed completely after a number of years. Additionally, new plans introduced since may be far more appropriate, and may very well be cheaper.
