The announcement of the 2025 medical aid scheme cost increases and benefit changes has been made. Among South Africa’s five largest open medical schemes, Discovery Health Medical Scheme (DHMS) revealed a weighted average increase of 9.3%, Momentum 9.4%, Bonitas 10.2%, Medihelp 10.8%, and Bestmed 12.75% for the upcoming year.
At Glopin Healthcare Consultants, we strongly advise members to conduct an annual review of their current medical aid plan costs and benefit structures. The period from November to December is crucial for evaluating healthcare options and making necessary adjustments. It is essential for members to consult with a broker who can provide guidance and assistance in making option changes that will take effect on 1 January 2025.
Whether you are looking to enhance your benefits through an upgrade, reduce costs by downgrading, or switch to a different scheme altogether, our team at Glopin Healthcare Consultants is dedicated to ensuring that your unique healthcare needs are met.
Allow Glopin Healthcare Consultants to assist you in reviewing or understanding your current medical plan. To help you navigate the process, consider the following questions when beginning your review:
MEDICAL SAVINGS ACCOUNT
Was your medical savings account adequate to cover you for most of the year? If it was depleted early in the year, consider upgrading your plan to increase coverage and reduce out-of-pocket costs.
BUDGET/AFFORDABILITY
Evaluate the cost increase for your current medical aid plan in the new year in relation to your monthly salary. Reviewing benefits used and unused in previous years will help you decide whether to keep your current plan or switch to a more cost-effective option while considering the trade-off between risk and reduced benefits.
BENEFIT CHANGES
It is common for medical schemes to adjust their benefits annually. It is crucial to stay informed by reviewing the annual benefit changes sent via email or published on their websites. These changes could range from enhancements to reductions in benefits.
SUBMISSION DATES
If you are considering upgrading, downgrading, or switching to a new medical scheme, it is essential to be aware of the submission deadline. Evaluating your options and submitting any changes promptly will ensure a seamless transition from your current coverage to the new plan effective in January.
ADVICE AT NO ADDITIONAL COST
Selecting an independent advisor like Glopin Healthcare Consultants, who works with a variety of South African medical aids, can provide unbiased guidance. Allow our brokers to handle the task of evaluating the most suitable scheme and plan for your needs at no extra cost.
All brochures are accessible via this link and in the newsletter below.
Should you have any queries or if you would like to make any changes to your medical aid cover for 2025, contact a trusted Glopin Healthcare Consultant as soon as possible.
