Discovery health medial aid main member price range in South Africa 2023. by plan

The source states the following: * Income verification will be conducted for the lower income bands. Income is considered as: The higher of the main member or registered spouse or partner’s earnings, commission and rewards from employment; interest from investments; income from leasing of assets or property; distributions received from a trust, pension and/or provident fund; receipt of any financial assistance received from any statutory social assistance program.

The price range data applies to main members only. Contributions for additional adult members are either the same as the main member or slightly lower, and contributions for children are significantly less. Open medical schemes are open to all South Africans who are able to pay for membership.

South African medical schemes are non-profit trusts that their members own. The contributions made by the members are put together and used to pay pertinent medical costs where necessary while keeping a legislated surplus (at least a 25 percent solvency ratio) to prevent the scheme from collapsing. Some medical plans have an option for saving, which creates a collective savings from a member’s monthly payments for personal use.

Conversion rate as on 09/14/2023: 1 USD = 18,88 South African rand.