Many people think that Old Mutual medical aid is a registered medical scheme in itself. This is not exactly the case. In fact, Old Mutual is an insurance firm that offers South Africans mainly life insurance, home insurance, funeral cover and business insurance.…
No doubt, one of the best medical aid providers out there today is Discovery Health. With more than 2.6 million members, they are also by far the largest in South Africa. They also have the highest credit rating with regards to their ability…
Several medical aids have announced that there will be above-inflation medical aid increases in member contributions for 2015. Bestmed, one of the largest open medical aid in South Africa, announced an average increase of 8.59% for 2015, and these range from 6,14% to…
Sep
15
Fedhealth
Originally Reef Medical Scheme, Fedhealth Medical Aid started in 1936. It offers a risk premium with a fixed savings level per option and out of hospital expenses benefit. Fedhealth Medical Aid provide what they call Real Medical Aid at Real Value. And they…
It’s true that registered medical aid schemes in South Africa are non-profit. But they have to pay managers to run them. These managers are earning enormous salaries and are stripping medical aids. They are oveseen by medical aid trustees, who also receive huge…