Sanlam and Absa have emerged as the top-ranked medical top-up ‒ often referred to as ‘gap cover’‒ providers in South Africa, according to the first ever ranking of these product providers, conducted by leading wealth and advisory firm GTC.
Category - Medical costs
With annual medical aid premium increases for 2018 in excess of inflation, consumers have some tough choices to make if they don't want to be caught on the wrong side of a medical bill.
Discovery and Momentum medical schemes top the tables in the 2017 GTC Medical Aid Survey across most plans.
Many people run out of medical savings by the middle of the year. But you can work your rewards programmes to help cover the shortfall.
When considering a medical scheme, you need to look at the viability of the scheme as a whole and then select the plan that best suits your needs.
We can reduce the reliance on specialists for primary healthcare needs in South Africa through the use of an integrated team-based healthcare model.
This year most medical scheme members will see premium increases well above inflation, with the industry average hovering around 11%.
In order to provide lower-cost medical cover, most medical schemes offer plan options where co-payments apply for certain procedures.
A lack of young, healthy members is driving up medical scheme costs.
Does an employer have the right to force its employees to join a particular medical scheme if it doesn't subsidise the employees' contributions?