BONITAS IS OFFERING REAL VALUE with increases from as little as 2.7 % for 2024
Many Bonitas members and South Africans in general , are faced with increasing financial pressures . We have therefore taken great care to balance our benefit enhancements to provide value to our members , while still ensuring that contributions remain affordable .
Ensuring sustainability The percentage increase required is methodically worked out by our team of actuaries , who determine the minimum increase against the financial sustainability of the Scheme , while meeting the regulatory guidelines and requirements . It ’ s a delicate balancing act . For 2024 , the weighted increase is 6.9 % with the average increase across nine of our plans at 6 %. This means that over 227 000 members – around 65 % of our membership - will experience an increase below CPI .
Committed to adding value We conducted in depth research over the last year , which included stakeholder engagement , actuarial analysis and projections , to look at how to enhance our benefits . In addition , we analysed feedback from over 10 000 member surveys , researched international healthcare protocols , trends and disease burden rates in South Africa . The result : We have stayed true to our ultimate commitment of giving more value to our members , by reducing out-of-pocket expenses , enhancing benefits and providing additional preventative and managed care .
* Contribution increase percentage refers to the risk contribution on each plan .
12 Bonitas Member Magazine Issue 4 | 2023
Subject to approval by the Council for Medical Schemes .