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After months of waiting, many South Africans wishing to receive their COVID-19 vaccine are anxious for their chance to do so.

Markets, like life, are unpredictable. You can however hedge your bets when it comes to your health by assessing it, monitoring it and tending to it, much in the same way that you would your personal investment portfolio.

There remains a great deal of work to be done in ensuring that the healthcare needs of all South Africans are met. In the meantime, however, we are certainly seeing that healthcare consumers are doing their utmost to keep their healthcare cover intact.

Despite financial insecurity, an international economic downturn and a local recession, nobody wants to be caught short when it comes to healthcare cover – particularly in the midst of a global healthcare crisis.

Financial pressures following a worldwide recession, job losses and reduced working hours have seen many people, particularly younger individuals, tightening their belts while focusing on essentials including accommodation, food, healthcare, and education, and reducing costs such as entertainment and other leisure activities.

Financial pressures following a worldwide recession, job losses and reduced working hours have forced many people, particularly younger individuals, to tighten their belts and focus on essentials including accommodation, food, healthcare, and education.

Prioritising women’s education and health needs not only makes marketing sense, but helps to ensure that the advantages of this access has a wider reach in terms of benefiting their families, wider communities, and can ultimately contribute to socio-economic development.

Medical scheme fraud and abuse of benefits is a relatively common problem in South Africa, and schemes such as CompCare have to fight an ongoing battle to deal with the problem, which costs the healthcare funding sector millions of lost rands each year.

“I have always maintained that you can tell a lot about a medical scheme
from how it treats members’ medical savings.” – Josua Joubert

As you will no doubt be aware, there is currently an outbreak of a novel coronavirus (COVID-19) originating in China, which is raising global concern as it continues to spread across the world.

Not everyone is aware of the considerable differences between medical scheme cover and health insurance products.

Medical scheme waiting periods explainedWhen joining a medical scheme for the first time, new members may not understand why they have a waiting period before they are able to claim. Considering that a medical scheme operates a pool of funds to cover claims of all...

How do co-payments work, why are they necessaryand how best can they be reduced or avoided altogether?When choosing a medical scheme or a new product option it is all-important to consider your benefits, co-payments and finer details surrounding these benefits, along...

As an innovative forward-thinking scheme, CompCare is not only known for delivering value for money but also for providing best practice health and wellness solutions and member-centric benefits.

Josua Joubert, Chief Executive and Principal Officer of CompCare Wellness Medical Scheme, looks at the state of play in the funding sector and at the benefits that an amalgamation can hold for members.

Physical inactivity is now identified as the fourth leading risk factor for global mortality, followed by being overweight and obesity