And it’s the elderly and retired who are most likely to be harmed by above-inflation South African medical aid increases in 2025. Here’s why …
Investor sentiment and foreign exchange rates are on the up, but South African medical aid members are in for a big shock next year. Despite all theIf approved by the council, increased will come into effect on 1 January 2025. Image: File
The firms explain these increases are so they can manage medical inflation across all their various schemes. The increased contributions for 2025 have been submitted to theMomentum Medical Scheme explains its increases are guided by an analysis of healthcare and economic cost trends. Nevertheless, its members will not see a double-digit increase and their benefits will not be reduced in any way.
Cash-strapped consumers can only select a medical scheme they can afford. Nevertheless, providers say prioritising ‘value over cost’ is essential. Because cheaper plans often come with limited benefits and higher out-of-pocket expenses at the end of the day. So choose wisely …Weigh-in with your comments below … Image: FileHere are all the stories that made the headlines on front pages of newspapers worldwide on Monday, 7 October 2024.
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