Medical schemes remain unaffordable for many working South Africans. According to Gary Allen, chief executive at Sanlam Health, an individual should not be spending more than 10% of their income on health cover. Considering that a basic hospital plan can set you back R1 800, anyone taking home R17 000 or less a month will find that medical schemes are not an option.
While there have been talks about the design of a low-cost medical scheme benefit with a reduced set of PMBs, these have not yet been approved by the council. In its absence, medical insurance has been largely filling the gap for those individuals who earn less than R17 000 a month. Medical insurance falls under the short- and long-term insurance acts. An agreement was reached with the council, which approved the pricing and design benefit. The idea is that, over time, once the low-cost schemes are approved, these medical insurance offerings will be absorbed into the existing medical scheme structure.
The cover starts at R420 to R579 for the main member. The monthly premium for a married couple with two children, including the accident benefit, is R1 468, and a single parent with two children would pay R999. “The affordable health insurance market is where all the growth is happening. It is way outstripping standard medical scheme cover,” says Momentum Health chief marketing officer Damian McHugh, which offers corporate clients an integrated medical insurance offering called Health4Me. “We find that employers use this solution for employees earning less than R30 000 a month.”Primary medical insurance focuses mostly on day-to-day benefits such as GP visits, dentistry and medication.
Source: Healthcare Press (healthcarepress.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Life cover boosts medical costs | CitypressCritical illness cover pays out a lump sum on the diagnosis of a major disease or medical event, such as cancer or a heart attack, and some policies even cover trauma events. Should mention this is a paid product placement by Sanlam. I have benefited from at least R80,000 a week with Hendricksnino through his recommended platform with my small investment. Don't spend all your money without investing. Hendricksnino is a life saver, join me and win also in with good hands I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent Hendricksnino guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: City_Press - 🏆 7. / 72 Read more »
‘In the end, a Ntabeni won’– That's what matters | CitypressIn the end, it was the “baby” of the family who became victorious, beating his three brothers who also attempted to become a councillor for the much-contested ward 10 in Matatiele in the Eastern Cape, reports Bongekile Macupe Now he is a qualified looter and being useless to the community for 5 years getting rich of them Fascinating I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent Hendricksnino guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: City_Press - 🏆 7. / 72 Read more »
Bishop Glayton Modise speaks from the grave, denies polygamy | CitypressJohannesburg High Court rejected a claim by a woman who he had entered into a polygamous marriage with. Hee nyena wee 🤔 Woman from there got curves, hey. You will even forget the word 'polygamy'. That's Rubbish coming from the Grave.
Source: City_Press - 🏆 7. / 72 Read more »
Modiadie v SABC: Sexual harassment case heads to high court | CitypressThe SABC is defending a R3.5 million claim brought by former Metro FM presenter Pearl Modiadie to the Johannesburg High Court following sexual harassment allegations levelled against her former boss Anthony Soglo. So Pearl Modiadie is suing SABC and Anthony Soglo for a whooping R3.5million for this email?👇
Source: City_Press - 🏆 7. / 72 Read more »
Constitutional Court rules in favour of VhaVenda princess | CitypressIn 2012, Princess Masindi instituted legal action at the Thohoyandou High Court against her uncle and then President Jacob Zuma. She wanted a decision taken by the VhaVenda Traditional Council in 2012 to recognise Mphephu Rambulana as the Venda king to be set aside. Rise Queen Masindi!!!!! Hail AdvDali_Mpofu 🤝
Source: City_Press - 🏆 7. / 72 Read more »
Fight over Lotto millions | CitypressThe battle lines between National Lottery operator Ithuba and the National Lotteries Commission (NLC) have been drawn Just more BEE led stealing. Yaaaaawwwwwwn. Useless link, we won’t subscribe For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: City_Press - 🏆 7. / 72 Read more »