Industry news you ne
SOUTH AFRICA, WEDNESDAY, 18 SEPTEMBER 2019
S
Bonitas announces competitive
2020 increases – from just 6.2
As South African consumers face the challenges of the
steadily increasing cost of living, Bonitas Medical Fund has
some good news for its members. The Fund once again
demonstrated a commitment to its mission to make quality
healthcare more accessible and affordable for all South
Africans. The Fund announced an average weighted annual
contribution increase of just 9.9% in 2020. Members of the
BonFit option will be especially pleased with the fact that
next year they will be paying from as little as R38 more a
month, while enjoying a range of enhanced benefits.
A responsible increase applied
In order to make provision for ageing membership,
increased utilisation and inflation while still offering the rich
risk benefits of 2019 into 2020, Bonitas announced an
average increase on risk contributions of 9.4%. However, to
launch without benefit enhancements is not the Bonitas
way. The Fund responded to the call from stakeholders to
enhance specific benefits and improve offerings, so that
Bonitas could be positioned more competitively and
aggressively in the market.
Socio-economic impact plays a key role
depressed investment markets; the rise in lifestyle
increases of between 8.5% and 9.5%. Mem
BonComprehensive, BonClassic, BonCom
The product offering was realigned based on our members’ diseases such as diabetes and hypertension and the
Hospital Standard plans will pay up to 12%
needs, given the economic pressures they faced. Through steep increases in costs levied by many medical service
new year.
the process, Bonitas identified gaps in its offering and providers.
addressed them appropriately. The combination of these
“Our members are the core of our business a
efforts will add a 0.5% increase on the overall weighted Always committed to adding value
once again made great strides to ensuri
contribution rate for 2020, which will be 9.9%. This will not Bonitas has ensured that its cost increases for 2020 is
offering for 2020 will help to address the cha
only address the Fund’s sustainability but ensure growth in reasonable and that the budgets of businesses, families
Bonitas now has better benefits, to provide
you, our who valued
members
with
quality face, healthcare.
We have
while adding significant
value to the
2020.
and individuals
participate
in the various
Bonitas
have listened to the feedback from all our s
plans
should not
be programmes.
unduly burdened by
excessive
enhanced
our
plans
with
new
and
improved
benefits
and
Read
our
suggestions
on
how
to
get
and have acted decisively to enhance m
The average annual contribution increase is still very increases in their medical cover. While BonFit members
maximum
value
from
benefits.
benefits, and add others,” Principal O
competitive
relative
to the
rest of your
the medical
aid industry. will be most pleased with their low contribution
Callakoppen said.
The marginal rise in the year-on-year contribution increase increase, members of BonEssential, BonEssential Select,
was due to a number of external factors. These include: Primary, Primary Select, Standard, Standard Select and
South African's very challenging economic situation and BonSave will all benefit from slightly above-inflation
2020 ENHANCED BENEFITS
2020 2020
contributions
increases
at at
a glance
contribution
increases
a glance
Contributions in 2019
Main
Adult
Child
member
dependant
dependant
BonComprehensive
BonClassic
BonComplete
BonSave
BonFit Select
Standard
Standard Select
Primary
Primary Select
Hospital Standard
BonEssential
BonEssential Select
BonCap*
R0 to R8 520
R8 521 to R13 840
R13 841 to R18 900
R18 901+
* BonCap income band is for 2020
Page 9
BROKER BULLETIN SPECIAL EDITION
Contributions in 2020
Main
Adult
Child
member
dependant
dependant
%
Increase
R6 438
R4 470
R3 5 8 1
R2 486
R2 027
R3 556
R3 080
R2 240
R1 904
R2 040
R1 731
R1 477 R6 072
R3 838
R2 868
R1 925
R1 570
R3 083
R2 665
R1 752
R1 489
R1 720
R1 324
R1 130 R1 310
R1 104
R973
R744
R607
R1 043
R902
R713
R606
R776
R507
R433 R7 207
R5 003
R4 009
R2 723
R 2 152
R3 888
R3 368
R2 429
R2 065
R2 284
R1 877
R1 602 R6 797
R4 295
R3 211
R2 109
R1 668
R3 371
R2 914
R1 900
R1 615
R1 925
R1 436
R1 225 R1 467
R1 236
R1 089
R815
R645
R1 140
R986
R773
R657
R869
R550
R470 11.9%
11.9%
11.9%
9.5%
6.2%
9.3%
9.3%
8.4%
8.4%
11.9%
8.4%
8.4%
R1 009
R1 226
R2 000
R2 456 R956
R1 159
R1 780
R2 187 R475
R563
R757
R931 R1 159
R1 372
R2 210
R2 714 R1 098
R1 297
R1 967
R2 417 R546
R630
R836
R1 029 11.9%