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Discovery Health 2019 medical aid increases

Except a rise of at least 9% in your monthly premium …

Discovery Health Medical Scheme, the country’s largest with 2.8 million lives under administration, has published the contributions members will pay from January 2019. The weighted price increase is reportedly 9.2%. Last year, the weighted increase was 7.9%.

The sharpest increases are at the high end, with contributions on its Executive Plan 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).

 

2018

2019

Change

 

Main

Adult

Child

Main

Adult

Child

Main

Adult

Child

Executive Plan

R5950

R5950

R1134

R6541

R6541

R1248

9,93%

9,93%

10,05%

Classic Comprehensive

R4882

R4618

R974

R5368

R5077

R1070

9,95%

9,94%

9,86%

Classic Delta Comprehensive

R4398

R4162

R874

R4834

R4577

R962

9,91%

9,97%

10,07%

Classic Comprehensive Zero MSA*

R3662

R3464

R731

R4026

R3808

R803

9,94%

9,93%

9,85%

Essential Comprehensive

R4102

R3881

R825

R4509

R4265

R908

9,92%

9,89%

10,06%

Essential Delta Comprehensive

R3694

R3490

R742

R4062

R3837

R815

9,96%

9,94%

9,84%

Classic Priority

R3214

R2534

R1286

R3501

R2761

R1401

8,93%

8,96%

8,94%

Essential Priority

R2763

R2172

R1103

R3010

R2365

R1202

8,94%

8,89%

8,98%

Classic Saver

R2773

R2186

R1110

R3021

R2382

R1209

8,94%

8,97%

8,92%

Classic Delta Saver

R2214

R1749

R890

R2412

R1906

R969

8,94%

8,98%

8,88%

Essential Saver

R2203

R1652

R883

R2400

R1800

R962

8,94%

8,96%

8,95%

Essential Delta Saver

R1758

R1325

R705

R1915

R1444

R768

8,93%

8,98%

8,94%

Coastal Saver

R2160

R1621

R870

R2373

R1783

R958

9,86%

9,99%

10,11%

Classic Smart*

R1647

R1298

R658

R1794

R1415

R717

8,93%

9,01%

8,97%

Essential Smart*

R1180

R1180

R1180

R1285

R1285

R1285

8,90%

8,90%

8,90%

Classic Core*

R2064

R1626

R826

R2248

R1772

R900

8,91%

8,98%

8,96%

Classic Delta Core*

R1652

R1301

R660

R1799

R1418

R720

8,90%

8,99%

9,09%

Essential Core*

R1773

R1329

R712

R1931

R1448

R776

8,91%

8,95%

8,99%

Essential Delta Core*

R1417

R1065

R569

R1543

R1161

R620

8,89%

9,01%

8,96%

Coastal Core*

R1610

R1209

R641

R1770

R1330

R704

9,94%

10,01%

9,83%

The full Discovery Health Medical Scheme 2019 Health Plan Guide is available here.

In its plans for lower-income earners (who are means-tested), KeyCare, income bands have been consolidated. This translates into potentially large jumps for members who are in the lowest bands.

 

2018

2019

Main member change

KeyCare Plus

0-8550

Main: R990

Adult: R990

Child: R359

0-13050

Main: R1456

Adult: R1456

Child: R463

47.07%

8551-12200

Main: R1386

Adult: R1386

Child: R389

5.05%

12201+

Main: R2064

Adult: R2064

Child: R553

13051+

Main: R2249

Adult: R2249

Child: R602

8.96%

KeyCare Core

0-8550

Main: R792

Adult: R792

Child: R205

0-13050

Main: R1038

Adult: R1038

Child: R255

31.06%

8551-12200

Main: R988

Adult: R988

Child: R243

5.06%

12201+

Main: R1525

Adult: R1525

Child: R345

13051+

Main: R1661

Adult: R1661

Child: R376

8.91%

KeyCare Start (previously Access)

0-5330

Main: R697

Adult: R697

Child: R306

0-9150

Main: R839

Adult: R839

Child: R505

20.37%

5331-8550

Main: R930

Adult: R930

Child: R337

-9.78%

8551-12200

Main: R1344

Adult: R1344

Child: R378

9151-13050

Main: R1412

Adult: R1412

Child: R551

5.06%

12201+

Main: R2018

Adult: R2018

Child: R546

13051+

Main: R2198

Adult: R2198

Child: R596

8.91%

The group has often illustrated and detailed the reasons behind the supply-induced and demand-induced inflation experienced by its members. In September, in its annual results presentation, it detailed the contributors to the average annualised inflation rates over the past decade.

Monthly fees for Vitality Health will increase by between 7% and 9% in 2019.

 

2018

2019

Change

Vitality Health Member

R239

R259

8.36%

Vitality Health Member +1

R289

R309

6.92%

Vitality Health Member +2

R329

R359

9.12%

Vitality Purple Member

R399

R429

7.52%

Vitality Purple Member +1

R459

R495

7.84%

Vitality Purple Member +2

R499

R539

8.02%

Vitality Active 18-29 years

R40

R45

12.5%

Vitality Active 30 years +

R60

R65

8.33%

The newly-introduced Vitality Purple, which offers a private-banking type experience along with enhanced rewards and benefits, sees more moderate increases. Vitality Active, aimed at younger people who may not yet be on medical aid, sees a simple R5 per month increase.

Medical aid members – Discovery or not – would do well to review the plans they are on as well as their scheme versus others together with their broker or financial advisor to ensure they are on appropriate cover. Very often, one’s circumstances when taking out cover in the first place will have changed completely after a number of years. Additionally, new plans introduced since may be far more appropriate, and may very well be cheaper.

* Hilton Tarrant works at YFM. He can still be contacted at hilton@moneyweb.co.za.

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COMMENTS   6

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What possible justification can there by for the hefty above inflation increases for the monthly Vitality fees? Vitality posted a profit of R603 million last year partly due to members failing to take up benefits, which is a trend that will continue. Do the sums, Vitality probably doesn’t work unless the member has achieved diamond status. Could Vitality, which is non essential, price itself out of business in due course?

It is all about making a profit. Best thing I have done a few years before I retired was to buy shares in Discovery at around R25, the growth will pay for my medical aid & vitality for the years to come

Seems somewhat disingenuous to up tarrifs to such an extent – but then I suppose they had to do something to ensure that the executives are getting ridiculous bonuses and salaries. Are they serious about why they are in business or is it mere greed that they are interested in

This is pure greed, on vitality how many people claim those damn rewards.

Irrelevant and non-essential add-on bells and whistles and ridiculous prescribed lifestyle requirements will never interest me. No thank you! The best reward for long term, loyal, low risk, forward paying clients is substantial and direct payment discount or sharp-pricing. The new millenniums have a total different outlook on life and do not become “captured” herd-like fools.

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