SIZWE BUCKS INDUSTRY PREMIUM AND BENEFIT TRENDS
SIZWE MEDICAL FUND is back in the hands of its membership and its newly appointed Principal Officer, Neo Khauoe, has announced a premium increase for 2015 that is comfortably below the industry trend.
She says, “We have kept the contributions increase to 6.9 percent compared with an average increase of between 8 percent and 9 percent.
“As importantly, we have increased most of our benefits by 6.2 percent whereas a number of other schemes have had to reduce their benefits.”
Khauoe has also unveiled two new products for next year’s line-up. “They are Savings Care, and an entry-level product with great benefits, Gomomo Care.”
The entry level product was restructured to start at R650 per principal member per month with unlimited hospitalisation, special- ists and acute medicines.
While it is subject to a network facility, clinical protocols and a medicine formulary, this has boosted its competitiveness in the market.
On the eve of Sizwe’s curatorship being lifted and with an elected Board of Trustees in place the Principal Officer declares the scheme “on the brink of a new era.”
The Fund was started in 1978 by a group of black doctors from Soweto led by businessman and political stalwart Dr Nthato Motlana.
The objective was to provide healthcare for those marginalised by the political ideolo- gies of the day.
“It was,” says Khauoe, “a fund born for the people by the people, and this philosophy is still very much apparent today as is evident in its loyal membership base. My personal commitment is to honour our pioneering founders’ dream.”
She points to a level of trust that has been developed though consistent delivery of good service, coupled with rich value-for-money benefits.
“I believe that the loyalty of our members will be well rewarded as we start a new journey together on a clean slate.
“We also re-enter the market as an inimitable force, offering cutting edge technology and innovative solutions.
“I believe that this will not only enhance our stakeholder’s interactions but will catapult us forward as a competitive force in the market place,” says Khauoe.