Q&A: How does broker commission affect my medical aid contributions?

I joined Discovery Health in 2006 via a company-approved broker. If I recall correctly he disclosed that he would earn R70 a month from my contribution. I would be interested to know whether this broker, whose name I cannot recall, is still taking a portion of my contribution 14 years later for doing precisely zero.

Your broker can earn up to the legislated maximum amount as he remains your broker. The Council for Medical Scheme advises how much the maximum should be each year — it is now 3% of your contributions plus VAT to a maximum of R98.85 plus VAT. You are not obliged to use a broker to join a scheme, though it is often a good idea as medical schemes are complicated and members often choose the wrong plan and then complain because it does not pay for things they need covered. If your broker has not been contacting you, find one who will offer to meet you annually.

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