Medical aid scheme Medihelp has announced that it will increase its plan prices by an average of 15.96% from January 2024.
The group said that the decision to hike contributions by 16% was not an easy one to make, but stressed that it was the responsible thing to do, given the reserve levels. It also did not want to cut benefits or reduce contributions to savings accounts. Yet, none of the medical schemes could accommodate this, especially since medical inflation is about 3% higher than the current consumer price index of 4.8%.Medihelp’s product range for 2024 will thus remain as is, offering comprehensive, savings, and vital plans, including:
The full basket of preventive care benefits on the vital, savings, and comprehensive plans will remain intact in 2024, as well as the care extender benefit, which has paid out more than R4,5 million in benefits for the year thus far.
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Source: BusinessTechSA - 🏆 24. / 61 Read more »