Medical scheme members are currently required to choose their healthcare plans for 2025 that they will have to live with for the year.
There are important factors to keep in mind when you make your medical scheme choices for next year, although it is difficult to keep up with the ever-increasing premiums that seem to be very high for 2025.
Reports from the Council for Medical Schemes reveal that South African medical schemes collected R232 billion in premiums and paid over R218 billion in claims for approximately 9 million beneficiaries during the 2023/2024 period.Medical inflation and rising healthcare costs: Patel says it is still important to stay a member of a medical scheme. “Downgrading or opting out of medical scheme coverage may seem like a quick way to save money, but it can lead to long-term financial risks and higher costs.”You are protected against high medical costs:
You should always keep the long-term value of staying covered in mind, Patel says. “Remaining on a medical scheme is about more than immediate healthcare needs. It is about long-term security for your health as well as your finances. Medical schemes offer peace of mind that, should an emergency arise, you are protected from the high costs of private healthcare.”
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