for subscribers

Medshield first medical aid to announce 2021 price hike, at 1.5 times recommended limit

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Medshield Medical Scheme has announced a 5.9% contribution hike.
Medshield Medical Scheme has announced a 5.9% contribution hike.

Medshield, the first medical aid to announce a contribution price hike, as the annual scheme increase period begins, say members can expect a 5.9% increase to their contributions for 2021.

However, the increase is higher than the contribution freeze or 3.9% recommended by the Council for Medical Schemes (CMS).

The CMS is a statutory body that provides regulatory supervision of private health financing through medical schemes.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.21
(-0.30)
ZAR/GBP
20.31
(-0.09)
ZAR/EUR
18.10
(-0.20)
ZAR/AUD
11.16
(+0.26)
ZAR/JPY
0.15
(-0.24)
Gold
1806.06
(-0.17)
Silver
23.17
(-0.41)
Platinum
962.34
(+0.60)
Brent Crude
47.84
(+3.78)
Palladium
2326.26
(+0.01)
All Share
57761.92
(+1.08)
Top 40
53049.43
(+1.09)
Financial 15
11674.99
(+2.97)
Industrial 25
80126.12
(+0.26)
Resource 10
52568.48
(+1.54)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 321 votes
No, I did not.
51% - 756 votes
My landlord refused
28% - 409 votes
Vote