Guiding consumers since 2009

Bestmed 10.98% average increase for 2017

By Jessica Anne Wood

Bestmed is the latest medical scheme to announce its 2017 fee increase, which range between 9.89% and 12.35%. Dries la Grange, chief executive officer of Bestmed, said: “While the industry in general saw a far greater claims propensity than expected, Bestmed was slightly less affected. We believe that our efficiency as member owned administrator with a huge focus on wellness, our approach to encourage better health outcomes for members identified with certain risk factors is starting to make a real difference.”

The increase

The 10.98% average increase that Bestmed announced, is in line with the increased announced by Discovery Health Medical Scheme (with increases ranging between 7.8% and 14.9%), Momentum Medical Scheme (an 11% average increase) and Bonitas Medical Fund (with a flat increase of 11.9% for all options).

Chris Luyt, executive head of marketing and distribution at Bestmed, stated: “Contribution increases remain one of the most crucial announcements in the calendar of the medical aid industry. We believe that with Bestmed's very competitive increase, we are yet again well positioned to add value to employers and employees alike.”

In addition to the increases, Bestmed revealed its new brand promise ‘Personally Yours’. Luyt said: “We believe that this is the best representation of what ‘by members for members’ is about. It means that as a member of our medical scheme we will answer to you. Our only vested interest is in our members.”

The medical scheme industry

Bestmed noted that the private healthcare industry has been negatively affected by the current economic climate. Among the challenges facing South Africa’s healthcare industry are higher medical inflation, as well as significant increases in healthcare technologies and the problem of non-communicable diseases that result in a strain on the healthcare industry.

“Defensive medicine also seems to be on the rise. This refers to the practice of a diagnostic test or treatment that is not necessarily the most appropriate but is done to ensure that the diagnosis is confirmed by more than a one particular test to protect the provider in cases of legal liability,” explained Bestmed.

 

 Handy tip: You can apply for medical cover on Justmoney here, or alternatively, you can compare medical aid options here.

Recent Articles

Featured Ensure your family doesn’t feel the impact of your retrenchment

Retrenchment doesn’t only change the way you view yourself; it also alters the relationship between you and your family. Things can go from good to bad within a short space of time. But you can do something to prevent your family from feeling the impact of retrenchment.

Someone got injured on my property – now what?

Life is unpredictable and no matter how careful we are, accidents happen. But what if someone has an accident while visiting your house? Your guest could fall off the stairs, slip on the floor or get bitten by your dog. 

Are you ready for a house upgrade?

You moved into your home knowing one day you would need to make some changes to turn it into your dream home - add a new bedroom, a second bathroom, build a double storey or even move out.

How income protection can help you when you’re sick

Your greatest asset is probably your ability to earn an income, which provides a certain lifestyle and the capacity to take care of your dependants. That’s why it’s so important to protect your income against unforeseen illness or injury and to provide for your dependents after your death.

Deals

Baby Boom Toy Specials

Price: Available on request
When: Daily
Where: Online

Readers’ Warehouse Book Bundle Deals

Price: From R40
When: While stocks last
Where: Online

Bidorbuy Crazy Wednesdays

Price: From R1
When: Daily
Where: Online


Latest Guide

Complete guide on personal income tax