Medical schemes will be launching their new benefits and contributions for 2012 in the months ahead and medical scheme members will soon be asked to choose from a bewildering range of medical schemes, products and options. So how do you choose the right one?
Medical scheme brokers generally agree that a medical scheme's key indicators (its solvency ratio, average beneficiary age, pensioner ratio and expense ratios) provide a reliable indication of a medical scheme's long-term viability, financial stability and value for money. Bonitas Key Indicators
The table below sets out the key indicators for Bonitas compared to the open scheme average based on the latest annual report from the Council for Medical Schemes: | Key Indicators
| Bonitas | Open Scheme Average | | | 36.5% | 27.4% | | | 30.9* | 33.1 | | | 4.7%* | 7.5% | Non healthcare expenses per beneficiary per month... read more | R 126* | R147 | Non healthcare expenses as a % of Risk Contribution Income... read more | 14%* | 16.2% | Non healthcare expenses as a % of Gross Contribution Income... read more | 13.8%* | 14.3% |
*Source: Council for Medical Scheme's latest Annual Report Value for money
Bonitas exists for the benefit of its members. We believe that one of the most important considerations when designing and costing benefit options is value-for-money - particularly during these difficult economic times. This is not only demonstrated by the indicators shown above but also by the introduction of innovations such as the Bonitas GP Network which: - eliminates the need for co-payments on GP visits
- ensures that members receive quality, cost-effective healthcare.
Above all, Bonitas is serious about providing excellent products at an affordable price. |