Medical aid price hike
DISCOVERY HEALTH: CONTRIBUTIONS SET TO INCREASE BY MORE THAN 9%
New Vitality Purple sees more moderate increases, and there is a R5 hike for Active.
Discovery Health Medical Scheme has published the 2019 contributions members will pay. The weighted price increase is reportedly 9.2%. In the 2017-18 financial year, contributions stood at 7.9%.
The sharpest increases are at the high end, with contributions on Discovery Health’s executive and classic plans increasing by double digits – 10%.
It is worth mentioning that contributions for children are up by the most percentage-wise on a number of plans. That said, a maximum of three children are counted.
In its plans for lower-income earners (means-tested), KeyCare, income bands have been consolidated. This means potentially large jumps for members in the lowest bands.
Monthly fees for Vitality Health will increase 7% to 9%.
The newly introduced Vitality Purple sees more moderate increases. Vitality Active sees an increase of R5.
Hilton Tarrant works at YFM
The sharpest increases are at the high end, with contributions for children on a number of plans up the most percentage-wise, and potentially large jumps for members in the lowest KeyCare plans because income bands have been consolidated.