Medical aid is a form of insurance where you pay a monthly amount called a contribution or premium in return for financial cover for medical treatment you may need, as well as any related medical expenses.
Below is How To Start A Medical Aid Company In South Africa
The Council for Medical Schemes will register a medical aid scheme if the registrar of the council is sure that the person who runs the scheme complies or will be able to comply with the Medical Schemes Act.
Contact the Council for Medical Schemes at support@medicalschemes.com(link sends e-mail) or 0861 123 267.
What do you need to open a medical aid?
a membership certificate, or sworn affidavit with commencement and termination dates, to prove you belonged to another medical aid scheme, to avoid a late joiner fee.
a certified copy of the main member’s identity document, tax number, and a bank statement canceled cheque or letter of confirmation from the bank.
How much do medical aid brokers earn in South Africa?
In South Africa brokers are allowed to receive a commission of 3% of your total monthly contribution for their services up to a maximum of R75 plus VAT per month.
This commission earning is based on two “conditions”, namely introducing you to that medical scheme and providing you with ongoing service.
How much is medical aid per month in South Africa?
7 billion in contributions in 2017, which averages at around R1,477 per beneficiary per month (R3,100 per member per month). Of the 21 open schemes, this places Discovery on the more affordable side (ranking 14th, overall).
Which is the best medical aid in South Africa?
Discovery Health. Members: 1.14 million. Beneficiaries: 2.46 million.
Bonitas Medical Fund. Members: 273,285. Beneficiaries: 602,415.
Momentum Health. Members: 100 936. Beneficiaries: 200 062.
Medshield. Members: 84,860.
Fedhealth. Members: 72,945.