Exceptionally good news for Selfmed Medical Scheme Members!
The Scheme is very pleased and proud to announce an average weighted increase in contributions for 2012 of only 5.77%, one of the lowest, if not the lowest increase in the industry to date.
The Scheme’s extremely favourable financial position allowed it to not only have the lowest increase in the industry, but also to significantly improve its benefits on all options, without compromising any long term sustainability.
Leon Bester, the CEO of Selfmed confirmed today that the Council for Medical Schemes still need to approve the increase. Selfmed has a strong solvency level of 110% which is well in excess of the legislative requirement of 25%.
The Med XXI option’s contribution, a hospital plan, will only increase by 4% with a slightly higher increase of 6.9% on the Elite and 80% option. It is furthermore strongly supported by some benefits that will increase by as much as 200%.
Selfmed’s simplistic options that cater for the most basic healthcare needs, its sincere interest in the well-being of its valued members, its security entrenched with a solid financial position and unsurpassed service are what make Selfmed different. Selfmed offers honest, sincere and secure medical cover with service levels that will exceed anyone’s expectations.
Selfmed would like to thank its loyal and valued members that chose Selfmed options above any other for over 45 years. We further invite any individual, family and business owner to join Selfmed’s exclusive elite group of members, in order that they too experience exceptional operations combined with value for money. Choose Selfmed, - with our strong financial position and unsurpassable service delivery we are proud to stand out in the industry!
(Press release, Selfmed, November 2011)