Medshield Medical Scheme supports members with innovation to mitigate the impact of the pandemic

Supplied/Medshield

In light of the severe economic climate caused by Covid-19 over the past 18 months, Medshield supports its members by announcing a 5.2% increase on specified benefits across all options with no benefit cuts. The scheme applied a member weighted average contribution increase of only 6.3%, following due consideration for sustainable contribution consistency and long-term value certainty.

As a not-for-profit organisation, Medshield’s only form of paying members healthcare claims is through members’ contributions. When setting the annual contribution increases, we must estimate what us going to happen in the next year, especially against the Covid-19 backdrop and the requirements it will hold in a case of a fourth or fifth infection wave. There are many unknowns, and we have a duty to ensure we can financially cover our members for the years ahead.

SA has experienced one of the worst economic downturns in the country’s recent history. The pandemic has caused individuals to cut back on household expenses, making trade-offs between eating out or saving by eating in, and it meant members had to prioritise medical aid cover over short-term insurance.

MedshieldSA Bunch of crooks those

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