What sort of increase are you expecting from your medical aid scheme for next year?
5%?…10%…15%…more?
Well, if you belong to Discovery Health, I have some good news.
Definitely the biggest insurance event every year, is the annual Discovery Day.
I don’t know if you’ve ever been to one of those multi level marketing events where they hype you up so much that you just can’t wait to sign up? The Discovery Day has much the same feel. Think Durban July, and you’ve pretty much got an idea of the excitement around this.
But if you’re not one for all the hype and the glamour, when it comes to gizmo’s and gadgets, Discovery definitely leads the pack…the mind boggles at what they come up with.
But, over the years I’ve become so used to hearing them say 10% for next year, that I assumed the same would happen for next year – but, boy, was I wrong!
8, 6% is what Discovery Health’s average increase for 2016 will be
Now that’s their average. Some plans are going to have less of an increase while others will have slightly more – some a lot less, and some not much more.
Here’s how the increases compare:
Executive
8, 9%
Classic Comprehensive
8, 9%
Classic Comprehensive Zero MSA
8, 9%
Essential Comprehensive
8, 9%
Classic Priority
8, 9%
Essential Priority
8, 9%
Classic Saver
7, 9%
Essential Saver
7, 9%
Coastal Saver
8, 9%
Classic Core
7, 9%
Essential Core
7, 9%
Coastal Core
8, 9%
KeyCare Plus
8, 9%
KeyCare Access
8, 9%
KeyCare Core
8, 9%
So how much more will you be paying next year?
Well let’s take it plan by plan to give you an idea. In this article I’m going to exclude the KeyCare options in order to keep the article short.
The Executive plan
Executive
2015
2016
Main Member
R4, 547
R4, 953
Adult
R4, 547
R4, 953
Child
R 863
R 942
The Comprehensive plans
Classic Comprehensive
2015
2016
Main Member
R3, 696
R4, 026
Adult
R3, 496
R3, 809
Child
R 737
R 802
Classic Delta Comprehensive
2015
2016
Main Member
R3, 329
R3, 626
Adult
R3, 149
R3, 432
Child
R 662
R 721
Classic Comprehensive Zero MSA
2015
2016
Main Member
R2, 772
R3, 020
Adult
R2, 622
R2, 857
Child
R 553
R 602
Essential Comprehensive
2015
2016
Main Member
R3, 105
R3, 383
Adult
R2, 936
R3, 198
Child
R 625
R 681
Essential Delta Comprehensive
2015
2016
Main Member
R2, 796
R3, 047
Adult
R2, 642
R2, 877
Child
R 561
R 611
The Priority plans
Classic Priority
2015
2016
Main Member
R2, 478
R2, 700
Adult
R1, 950
R2, 125
Child
R 992
R1, 080
Essential Priority
2015
2016
Main Member
R2, 130
R2, 321
Adult
R1, 672
R1, 822
Child
R 850
R 925
The Saver plans
Classic Saver
2015
2016
Main Member
R2, 172
R2, 344
Adult
R1, 710
R1, 846
Child
R 869
R 938
Classic Delta Saver
2015
2016
Main Member
R1, 734
R1, 872
Adult
R1, 368
R1, 476
Child
R 697
R 752
Essential Saver
2015
2016
Main Member
R1, 725
R1, 862
Adult
R1, 294
R1, 397
Child
R 690
R 745
Essential Delta Saver
2015
2016
Main Member
R1, 378
R1, 487
Adult
R1, 036
R1, 118
Child
R 552
R 596
Coastal Saver
2015
2016
Main Member
R1, 710
R1, 862
Adult
R1, 282
R1, 397
Child
R 688
R 750
Brand new for 2016 – the **Smart** plan
Smart
2016
Main Member
R1, 397
Adult
R1, 099
Child
R 557
The Core plans
Classic Core
2015
2016
Main Member
R1, 617
R1, 745
Adult
R1, 272
R1, 373
Child
R 646
R 698
Classic Delta Core
2015
2016
Main Member
R1, 294
R1, 397
Adult
R1, 018
R1, 099
Child
R 517
R 557
Essential Core
2015
2016
Main Member
R1, 389
R1, 499
Adult
R1, 040
R1, 123
Child
R 557
R 601
Essential Delta Core
2015
2016
Main Member
R1, 110
R1, 198
Adult
R 833
R 900
Child
R 445
R 480
Coastal Core
2015
2016
Main Member
R1, 195
R1. 302
Adult
R 896
R 976
Child
R 477
R 519
Bob’s your uncle…There you have it. Increases this low point to a healthy scheme.
Over the coming weeks we’re going to be focusing on medical aid. It’s that time of year where you need to decide on a plan choice for next year.
Some of the questions you need to ask are:
Did I spend too much on a medical aid which I never fully used?
Did I spend too little on a medical aid resulting in having to make co-payments for procedures or running out of savings early in the year?
We’re going to tackle all of this in the week’s to come.
