TymeBank has joined forces with the National HealthCare Group to launch medical health insurance, priced as little as R139 per person.
According to the Council of Medical, Schemes statistics show that just 8,9 million South Africans are covered by a medical scheme, with the high costs of contributions making membership of a medical aid unaffordable for most of the population.
Tauriq Keraan, TymeBank CEO says: “Our country has a population of just over 60-million people, and the dire reality is only one in seven South Africans have access to medical aid, and most people cannot afford private healthcare.”
“With TymeHealth, an initiative in collaboration with the National Healthcare Group, we are making it possible for more South Africans to have access to affordable, quality healthcare,” he adds.
The National HealthCare Group chairman Dr Reinder Nauta agrees that medical insurance in the country is very expensive for the majority of people.
“Medical aid is simply too expensive for most working people, and generally, unless it is included as an employment benefit, is out of reach for the majority,” said Dr Nauta.
“Until such time as the private healthcare sector does its part to remove this very real hurdle, accessibility to private healthcare will remain but a pipedream for many individuals,” he says.
TymeHealth has 3 plans to choose from
- MediClub Connect — R139 per person per month
- MediClub Premier — R299 per person per month
- MediClub Elite — R399 per person per month
“Our partnership with National HealthCare Group – with their 27-year track record – into the healthcare space is one where we believe we can make a real difference to people’s lives,” adds Keraan.
“Radically bringing down the cost of medical insurance is an industry boon and is a natural evolution for our brand; we are committed to offering affordable, accessible and inclusive products – whether that is transactional banking, access to credit or healthcare – to South Africans across the economic spectrum.”