SOUTH AFRICA — Medshield Medical Scheme has taken a bold step forward into 2024, reinforcing its commitment to being a lifelong healthcare partner for its members.
With a menu of member-centric benefit plans designed to cover every stage of life, Medshield aims to provide tailored healthcare solutions that address the evolving needs of its members.
Kevin Aron, principal officer of Medshield Medical Scheme says, “Medshield has many members who have partnered with us for 16 years and longer, knowing we have their best interests at heart.
“We are a stable organization that will be around in the long term, with a menu of member-centric benefit plans to cover your needs as you navigate through life.”
Despite the challenging economic climate and rising healthcare costs, Medshield remains committed to providing affordable, high-quality care to its members.
The scheme has announced an average weighted increase of 8.9% for 2024 while maintaining a 0% contribution increase on some of its plans.
“The aim is ultimately to balance affordability, increasing access, providing the best quality care for members, and still having a viable and sustainable medical scheme,” adds Aron.
Salient changes in Medshield’s 2024 product offering include a refined product portfolio to address member and broker feedback, an average 5% increase on specified benefits, enhanced wellness benefits, reduced co-payments to ease the financial burden on members, and more.
These changes reflect Medshield’s commitment to adapting to the needs of its members while remaining financially sound.
Medshield is a self-administered scheme and a not-for-profit organization. “We don’t have a profit motive, and we don’t pay dividends to shareholders. So that means our members benefit from any surplus we generate,” says Aron.
This financial stability allows Medshield to innovate and provide more benefits and choices to its members.
Moreover, Medshield believes that technology can revolutionize healthcare accessibility and affordability for South Africans.
The SmartCare Digital Healthcare Ecosystem offers telemedicine services, virtual GP consultations, and the Hospital-at-Home benefit, all designed to make quality healthcare more accessible from the comfort of a member’s home.
Medshield’s legacy of over 56 years in redefining healthcare in South Africa continues to thrive. The scheme offers nine tailored healthcare options, including two Efficiency Discount Options, bolstered by comprehensive private hospital coverage.
Members have access to a network of respected healthcare professionals and resources to support their health journey at all stages of life.
As Medshield looks ahead to 2024, its vision is clear: to provide quality healthcare that evolves with you, from childhood to retirement, and beyond.
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