Featured Article

End of November to signal a sharp petrol price increase

By Danielle van Wyk

As previously predicted the Automobile Association (AA) have forecasted a sharp jump in fuel prices at the end of November. This is according to the Automobile Association, which says that motorists cannot expect much relief from a weakening domestic picture.

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Latest News

Medical aid

Discovery Health welcomes Commission’s cancer med cost investigation

By Angelique Ruzicka

Dr. Jonathan Broomberg, CEO of medical aid administrator Discovery Health, has welcomed the Competition Commission’s investigation into three major pharmaceutical companies, which include Roche Roche, Pfizer and Aspen.

Discovery Health welcomes Commission’s cancer med cost investigation
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Medical aid

Medical aid: CMS told to consolidate case against SAMA

By Jessica Anne Wood

The Council for Medical Scheme (CMS) has been ordered by the Competition Tribunal to submit further particulars and consolidate its case against the South African Medical Council (SAMA).

Medical aid: CMS told to consolidate case against SAMA
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Medical aid

Why medical schemes don’t exist to make a profit

By Jessica Anne Wood

Many medical aid members often complain that their medical scheme is making money off of them. But can your medical scheme really profit off of you? The simple answer is no. A medical scheme is a ‘not for profit’ entity that performs very distinct functions.

Why medical schemes don’t exist to make a profit
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Medical aid

Get the right medical cover for you needs

By Just Money Editor

South Africa’s volatile economic climate, along with increasing household expenses, often leads to consumers prioritising their budgets for more immediate expenses. Coupled with rising medical costs, this creates a formidable challenge when it comes to medical care in the near future.

Get the right medical cover for you needs
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Medical aid

Hospital co-payment relief for Bonitas’ members

By Jessica Anne Wood

Bonitas Medical Fund has reached an agreement with the Life Hospital Group to waive the 30% co-payment on hospital admissions for the scheme’s members. This co-payment previously impacted 14 demarcated hospitals.

Hospital co-payment relief for Bonitas’ members
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Insurance

What insurance does my doctor accept?

By Jessica Anne Wood

Some medical schemes have network doctors and hospitals or designated service providers (DSP), where members won’t have to pay a contribution to the medical expense, within reason. However, if you choose to visit a non-network hospital or doctor, you may be required to pay all or part of the costs. This not only applies to doctors and specialists, but to other medical professionals such as dentists and optometrists as well.

What insurance does my doctor accept?
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Medical aid

Get a second medical opinion for free

By Angelique Ruzicka

Specialist life insurer FMI is hoping to put an end to patients feeling the need to forgo getting a second opinion by providing it as a free benefit to all those that take out critical illness cover with them. The service provides an independent review of a patient’s diagnosis and treatment plan from a choice of more than 107 leading medical centres around the world.

Get a second medical opinion for free
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Medical aid

Medical scheme affordability a challenge for consumers

By Jessica Anne Wood

Medical cover is often seen as a grudge purchase, as until you require medical care, you are not reaping the benefits of the cover. Added to this, Aon a risk management, insurance and reinsurance brokerage provider, noted that medical scheme costs are quickly exceeding affordability. Medical aid costs are set to increase between 10-15% in 2017.

Medical scheme affordability a challenge for consumers
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Investments

Life Healthcare: An investment guide

By Jessica Anne Wood

Life Healthcare is one of the three major private healthcare operators in South Africa. It recently announced the acquisition of 95% of UK-based Alliance Medical Group, which will spread its reach far beyond South Africa and its neighbouring countries.

Life Healthcare: An investment guide
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Medical aid

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%.

Bestmed 10.98% average increase for 2017
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