The Top 5 Medical Aids in South Africa

THE TOP 5 MEDICAL AIDS IN SOUTH AFRICA Medical Members: 72,945 MEDSHIELD Real A Beneficiaries: 148 816 Avg. Beneficiary Age: 37 years Members: 84,860 Beneficiaries: 103,105 Pensioner Ratio: 9.8% Global Credit Rating: AA- Solvency Ratio: 37% Avg. Beneficiary Age: 36.38 years FEDHEALTH Pensioner Ratio: 5.35% Global Credit Rating: AA- mom entum Solvency Ratio 45.3% health Members: 100 936 Beneficiaries: 200062 Discovery Avg. Beneficiary Age: 33.08 Pensioner Ratio: 8.1 Global Credit Rating: AA- Health Solvency Ratio: 28.6% Members: 1.14 million Beneficiaries: 2.46 million Avg. Beneficiary Age: 32.95 years Pensioner Ratio: 7.36% bonitas Global Credit Rating: AA+ Solvency Ratio: 23.41% 1 medical fund This chart shows member distribution across the top 5 Members: 273,285 Beneficiaries: 602,415 Avg. Beneficiary Age: 31.4 years Medical Aids in South Africa. Pensioner Ratio: 5.10% Global Credit Rating: AA- Solvency Ratio 35.5% AAA 2$ GLOBAL CREDIT RATING SOLVENCY RATIO AVERAGE AGE / PENSIONER RATIO Young people are statistically healthier than elderly people. Global Credit Ratings Co. defines credit risk as the risk that an entity may not meet its contractual financial obligations as they come due. The solvency ratio of an insurance company is the size of its capital relative to all risks it has taken. The The GCR rating scale ranges from a top rating of AAA to the lowest rating of CCC. solvency ratio is a measure of the risk an insurer faces of claims that it cannot absorb. A solvency ratio above 25% is stipulated by the Medical Schemes Act (131 of 1998). A low average beneficiary age coupled with a low pensioner ratio necessitates lower claims which, in turn, can restrict annual increases of contributions. BROUGHT TO YOU BY SOURCES https://www.discovery.co.za/portal/individual/dhms-overview INDEPENDENT AINANCIAL CONSULTANTS www.medicalaid-quotes.co.za IFC https://www.discovery.co.za/discovery_coza/web/linked_content/pdfs/health/financial_highlights_2013.pdf http://www.bonitasmedicalfund.co.za/about-our-business.html http://www.bonitasmedicalfund.co.za/pdf/annual-reports/Annual-Performance%20Highlights-2012.pdf http://fedhealthnewsletters.co.za/2013/AGM/300513/Extracts%20from%20Financial%20Statements.pdf DESIGNED BY http://www.fedhealth.co.za/wp-content/uploads/2013/06/2013-AGM-Edition.pdf http://www.fedhealth.co.za/wp-content/uploads/2013/05/Fedhealth-Corporate-Brochure.pdf http://www.medshield.co.za/docs/HIGHLIGHTSDOCUMENTFORTHEYEARENDED31DECEMBER2012.pdf http://views.itinews.co.za/Views/ViewArticle.aspx?Article=D521D860-3632-4684-A3C9-077F3A369B53&CID=168&Company=Momentum%20Health http://globalratings.net/ratings-info/rating-scales-definitions gnuworld www.gnuworld.co.za http://en.wikipedia.org/wiki/Solvency_ratio http://www.medicalschemes.com/ 'Annual Report to Members_2012.pdf', email via Redline / Momentum Health