Tag: Prescribed Minimum Benefits (PMB)

Each year, medical aid becomes more expensive and slips further out of reach for many South Africans. Annual premium increases continue to outpace inflation far. As a result, staying covered has become an uphill battle. Many consumers are questioning whether their medical aid is worth the cost. Others are being forced to downgrade or abandon it entirely. If you're feeling the financial squeeze, you are not alone.

Medical aids all have a ‘medical aid rate’, which is a maximum amount they will pay for certain treatments. This rate differs depending on the medical cover you have, but is typically a maximum of 200% of their scheme rate.