B2B Central

contribution increases

06 Oct 2021

How responsible are medical schemes’ funding models for next year?

By Staff Writer

All bets are off when it comes to predicting health costs in unprecedented times. Overly optimistic projections for the future of the pandemic and pricing models that medical scheme members will ultimately pay for, one way or another, could place the health funding industry in jeopardy, expert panellists warned at the Agility Quarterly Health Review discussion on Monday.
01 Oct 2021

Medihelp announces price reductions on four plans for 2022

By Staff Writer

Medihelp Medical Aid announced a price reduction of on average 5,57% on four of its options and an average increase of 2,74% on the rest its plans for 2022, resulting in a weighted average contribution decrease of 0,45%, while the value of available benefit amounts on all options has been increased by on average 4,2%, which is more than the price adjustment.

30 Sep 2021

Discovery Health announces a second year of deferred contribution increases

By Staff Writer

Today Discovery Health Medical Scheme (DHMS) announced that it would again the delay the implementation of its annual contribution increases. After delaying the annual contribution increases for 2021 by 6 months to 1 July 2021, the Scheme announced that the annual contribution increases of 7.9% for 2022 would only be implemented from 1 May 2022.

29 Sep 2021

Affordability remains key influencer for private healthcare consumers

By Staff Writer

With National Treasury forecasting a decelerated growth of 2.2% in 2022, affordability is set to remain the key influencer for private healthcare consumers in the coming year, particularly when it comes to monthly contributions payable towards medical scheme membership. This, says Josua Joubert, CEO and Principal Officer of CompCare Medical Scheme, is indicated in the sustained trend towards affordability as a primary concern in medical scheme selection but notes that this alone is not a strong enough qualifier.
27 Sep 2021

Over R200m relief for Momentum Medical Scheme members

By Staff Writer

Momentum Health Solutions has announced the benefit enhancements and product updates for 2022, and its main focus was on finding ways to help embattled consumers regain their financial and wellness momentum. In terms of the largest open medical scheme that it administers, Momentum Medical Scheme’s primary contribution to this lofty goal was to put more than R200m back in the pockets of its Members by deferring their contribution increase until September 2022, and even then, to only increase contributions by 6%, which equates to just a 2% increase for the year.

24 Aug 2021

Lower-than-usual medical scheme contribution increases likely

By Staff Writer

This year, for the first time, it seems likely that medical schemes will announce contribution increases which are in line with recommendations suggested by The Council for Medical Schemes (CMS). This is according to Jill Larkan, Head: Healthcare Consulting at financial and wealth advisory business GTC.