Medical aid brokers are individuals who specialize in providing consumers with advice and services about joining a medical aid scheme.
Below is How to Become A Medical Aid Broker South Africa
A certified copy of your ID or passport.
A certified copy of your highest academic qualification (with a minimum of matric).
A copy of contract(s)/agreement(s) you have entered with the medical scheme concerned.
Original certificate of good standing from the South African Revenue Service.
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 an ongoing service.
How much do medical aid brokers earn?
The MSA prescribes that commission payable, by the medical aid scheme to the broker, is based on contributions payable by the member. The rate of commission is 3% of contributions up to a maximum of R69 plus VAT per month.
What does a medical aid broker do?
Medical aid brokers are individuals who specialise in providing consumers with advice and services about joining a medical aid scheme.
Which is the best medical aid in South Africa?
This chart shows member distribution across the top 5 Medical Aids 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.
Can brokers make millions?
The average stockbroker doesn’t make anything near the millions that we tend to imagine. In fact, some lose a lot of money through their trading activities. The majority of companies pay their employees a base salary plus commission on the trades they make. … That’s because they’re supposed to earn more in commissions.
Can I put my girlfriend on my medical aid?
Yes. If your boyfriend or girlfriend is living with you, you will be able to add them as an adult dependant to your medical aid – just as you would if they were your spouse.