Why medical schemes are increasingly unaffordable

24 Apr 2022

Edited by Maya Fisher-French

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With many South Africans unable to afford medical aid, medical insurance is filling in the gap, writes Maya Fisher-French. Photo: iStock

PERSONAL FINANCE

For even the most basic hospital plan, a main member would pay R1 500 to R2 000 a month. A single parent with a child can expect to pay at least R2 300 a month. This would require a take-home salary of at least R20 000 a month for the medical cover not to exceed 10% of the household budget.

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