Discovery Medical Scheme Evaluation
December 21, 2012
More than two million people are members of the Discovery medical scheme. This makes them one of the leading insurers in S.A. The average age of membership is 31.8 years, which is three years younger than other open schemes.
Discovery medical Scheme and Global Credit Rating
Discovery received the highest AA+ rating from Global Credit Rating. GRC analyses a scheme’s ability to pay out its members’ claims. In the past year, they paid out 97.1% of hospital claims.
More than 90% were direct payments which reduced the amount that members paid directly. With R7.5 billion in reserve, payment is assured.
Discovery medical Scheme and Health plans
There are a wide range of health plans that the scheme offers. These begin with basic plans and extend to premium cover which delivers the highest benefits.
The KeyCare Series was created for lower income salaries and the main member receives cover from R450 a month.
On the other end of the scale, the Executive Plan main member pays a monthly fee of R3 764. This ensures far greater cover and access to more benefits.
Between the two options, you’ll find the Comprehensive Series, Priority Series, Saver Series, and Core Series. Each with specific benefits and monthly rates to appeal to all South Africans.
Consider your Financial position
When planning to buy medical cover you first need to consider your financial position. What can you afford to spend each month on health insurance? Even a Hospital plan is preferred to no cover at all, but a medical scheme is still the best option.
Your health and that of your family is vital. You should ensure you have some kind of medical assistance in the event of an accident or illness. Don’t wait until you are sick before you sign up for healthcare, as you won’t get all the benefits that an existing member receives.
Discovery medical Scheme and Embracing technology
The Discovery Medical Scheme has launched a variety of high-tech apps to improve your experience. This includes the HealthID iPad app available to doctors and specialists.
The app gives them access to all your medical info. They can quickly view your health records, process your claims, prescribe medicine, produce scripts and also make referrals. With your permission of course.
For members with smartphones, there is an app that will allow you access to your records online. You can view benefits, order medicine, track your claims, manage chronic conditions and find healthcare professionals.
Discovery medical Scheme and Healthy living
Discovery Vitality is the popular wellness programme that the Discovery Medical Scheme offers its members. The aim is to reward you for making healthy lifestyle choices.
They have linked to major companies to get members cheaper rates for movies, gym, flights, healthy food choices and equipment from sport stores. Woolworths has been added as a new HealthyFood partner and members registered on the Chronic Illness Benefit qualify for money back on specific items purchased from Dis-Chem.
All info was correct at time of publishing