Get better value for your hard-earned money

The current economic climate with its non-stop interest rate hikes and ceaseless price increases is taking its toll on everyone’s pockets.

We’ve tightened our belts where we can, yet every month there still seems to be more month left over than money. Now more than ever it has become imperative that we receive value for our spending, so knowing that you’re getting an average of 35% better value on your medical aid should give you some comfort.

Bankmed didn’t make this number up – we got our independent actuaries and consultants from NMG Consulting to measure it for us and they quantified our better value, compared to an average open medical scheme, at an average of 35%. This means that a combination of lower contributions and richer benefits, compared to what you would receive at an average open medical scheme, amounts to 35% better value from Bankmed.

You may have recently spotted this 35% better value on a billboard or an online advert, or heard it mentioned on the radio, as we embarked upon an advertising campaign with the intention of sharing this information with you. In case you missed it, you can view the video here.

Another way to avoid incurring unforeseen expenses is to make sure you stay on top of your health, by regularly completing your health checks. Knowing your health status enables you to pick up any health concerns early, when they are still easily treatable, as opposed to treating full-blown disease that could leave you out of pocket or even unable to earn an income. As we enter the second half of the year, I encourage you to conduct your Personal Health Assessment and take advantage of all our wellness tools, if you have not done so already. Your future self and pocket will thank you for it.

As 2023 speeds ahead before we know it, we will be nearing our annual Plan selection time. I encourage you to carefully consider your family’s healthcare needs as well as your financial situation when selecting your Plan for 2024. You can view all our plans, compare options and calculate your monthly contributions on our website to help you decide. Choose carefully – it’s one of the most important choices you’ll make this year.

Here’s to your good health!

Teddy Mosomothane
Bankmed: CEO and Principal Officer