Guiding consumers since 2009

11% Increase for Momentum medical scheme members for 2017

By Jessica Anne Wood

Medical aid fee contributions will increase by 11% on average for Momentum Health customers in 2017 but there will be no benefit reductions, as well as no structural changes or reductions in savings. This is according to the latest fee increases released by Momentum Health last week. The fee increases range between 8.9% and 15%. The increases vary per medical scheme option.

Damian McHugh, head of health marketing at Momentum Group, noted: “Given the current operating landscape, Momentum Health’s contribution increases still bode favourably in comparison to most other schemes. We will also continue to offer Provider Choices in 2017 where families can select lower contributions on certain options, without sacrifice to any benefits, based on the medical providers they use.”

McHugh stated: “The financial sustainability of medical schemes has increasingly been under pressure this year and the economic climate certainly has not supported this. We have noted an increase in healthcare costs industry-wide and evidence suggests a correlation between increased healthcare utilisation and the stress often associated with financial concerns. The fluctuating exchange rate has also impacted the costs associated with imported healthcare appliances and medicines – all translating in higher-than-anticipated claims.”

This is similar to claims made by Discovery Health Medical Scheme when it released its 2017 fee increases early last week (click here fore more).

Over the next few weeks medical aid schemes across the country will be releasing their increases for 2017. The new pricing brochures will be available from mid-October.


 Handy tip: You can apply for medical aid cover on Justmoney by clicking here.



Recent Articles

Featured Financial conflict can lead to divorce – here’s how to prevent it

Talking about money is an intimate matter, and it may be uncomfortable for couples who’ve managed to avoid this discussion. However, it will become necessary at some point or other. Do you think you’re ready to talk to your partner about money?

This is how much you should spend on accommodation

As your salary changes over time, your expenses will change too. But what if you’re spending an exceedingly large percentage of your income on accommodation? Is it feasible or even recommended in our current stressful financial climate?

How to be “future greedy” with passive income

Setting up numerous streams of income is a safe way to protect yourself from the loss of your main stream of income. Better yet, setting up passive streams of income will ensure you always have money coming in, without costing you additional working hours. So, what is “passive income”, and how can you earn this?

Can your debt be cancelled?

It sometimes happens that you struggle so much to pay your debt that you think of asking your creditor to write it off. But debt doesn’t just get written off. There are conditions that must be met and procedures that must be followed before the creditor cancels your debt.



FNB senior customers can earn up to 30% back in eBucks at Clicks

Price: Available on request
When: From 5 August 2020
Where: Nationwide

Bakwena Spa Women’s Day Special

Price: R549 per person
When: Until 31 August 2020
Where: Centurion, Hartbeespoort, Kuils River

Dis-Chem Pap Test Special

Price: R180
When: From 3 August to 11 September 2020
Where: Nationwide

Latest Guide

Guide to debt rehabilitation solutions