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2024 MEDICAL SCHEME
PREMIUM INCREASES
& BENEFIT REVIEW

YOUR MEDICAL AID BENEFITS
Review your past year’s usage for a smarter choice ahead

Medical Scheme Benefit Review

WHAT IS BENEFIT REVIEW PERIOD?

Benefit Review Period is the crucial time after medical schemes have launched their 2024 premium increases. During this period, you, as a member, will receive detailed information about how much your premium will increase on your specific health plan option. You will also get insights into any improvements or changes in your benefits. Why is this important? Well, it’s your golden opportunity to examine the various options available to you. You can explore the different benefit options and choose the one that suits your health needs and budget for the upcoming year, which can ultimately save you money.

STAY INFORMED: MedXpert’s UPDATES ON THE 2024 MEDICAL SCHEME PREMIUM INCREASES

Medical Scheme Benefit Review

BENEFIT REVIEW: YOUR IDEAL OPPORTUNITY TO TAILOR YOUR HEALTH COVER TO YOUR LIFE STAGE

Young & healthy

Limited health cover needs

Starting a family

Maternity cover and baby care needs

School going kids

Doctor’s visits Dentistry
Medication Sport injuries Accidental emergencies

Kids are no longer kids

Starting to pay adult premiums for kids

Retirement

More chronic conditions

Make sure your benefit option best suit your health and financial needs for the year ahead

As you progress through life, your health cover and financial needs will change. When you’re young and healthy, you may not be thinking about extensive health coverage, but you might want some protection in case of unexpected emergencies.
As you progress through life, your health insurance needs will shift and increase to comprehensive maternity benefits or protection against serious illnesses will become a priority. The annual Benefit Review Period is your chance to make adjustments to your existing medical scheme and select a benefit option that aligns with your current life stage.

Explore a complimentary medical scheme premium comparison

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WHAT TO CONSIDER WHEN REVIEWING YOUR MEDICAL AID PLAN FOR 2024

Review the Scope of Cover: Verify that your medical scheme continues to cover essential services and treatments you may require in 2024.

Check for New Benefits: Look for any newly added benefits in your medical scheme’s 2024 offerings that could enhance your healthcare experience.

Compare Premiums and Deductibles: Compare premiums and deductibles across different options to find the most suitable balance between cost and cover.

Consider ways to save on premium increases: Evaluating your benefit usage to date can assist with identifying possible ways to save on premium increases by selecting an option that is a better match for your health cover needs.

Waiting periods do not apply to in-scheme option changes: When selecting an alternative option on your current medical scheme, no waiting periods will apply.

Make your choice before the deadline: Remember, to activate this switch, you need to inform your medical scheme of your new choice, before the deadline, which is usually the end of November

MedXpert can help you navigate these choices

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MEDICAL SCHEMES 2024 INCREASE LAUNCH DATES

bestMed logo
TO BE ANNOUNCED
Bonitas logo
27 SEPTEMBER 2023
Discovery logo
TO BE ANNOUNCED
Fedhealth logo
08 SEPTEMBER 2023
gems logo
TO BE ANNOUNCED
genesis logo
TO BE ANNOUNCED
KeyHealth logo
TO BE ANNOUNCED
medihelp logo
03 OCTOBER 2023
Medshield logo
21 SEPTEMBER 2023
momentum health logo
27 SEPTEMBER 2023
Profmed logo
TO BE ANNOUNCED
Sizwe Hosmed logo
TO BE ANNOUNCED
Umvuzo health logo
03 OCTOBER 2023

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Disclaimer: All content provided is for informational purposes only and does not constitute financial advice.

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