There are strict rules and regulations governing the industry, there to protect both the members and the financial sustainability of the scheme. A late-joiner penalty is something that a member will pay literally for the rest of their life while being a member of a medical scheme. Watch HGTV, Food Network, TLC, ID and more plus exclusive originals, all in one place. Remember Me Next. I signed the letter and the penalty was imposed. How to complete this application form 1. Skip to content. Powered by WEX Health. Make a payment to a South African bank account at any time, on any day of the week, in real time and without costly fees. Their Global Credit Rating is the highest available (AA) and total membership is in excess of 2 … With Discovery Pay, you can make and receive secure payments in just a few taps on the Discovery Bank app. The Medical Schemes Act makes provision for schemes to apply a late joiner penalty to members who are older than 35 years of age and who were not members of a medical aid scheme before 1 April 2001. Username Forgot Username? Now is the time of year when medical schemes announce their annual increases and benefit changes. The world of medical schemes in South Africa is a very different one to 25 years ago. Learn more about Discovery Pay. Make instant payments 24/7 with Discovery Instant Pay. It means people re-evaluate their existing medical cover and … This also means that all benefits will cease after the last day of membership. I joined Discovery Health on 2010/05/01 and in my application form I mentioned that I was part of a medical aid before I joined, then Discovery send me a letter to confirm that a penalty will be imposed and that I must sign the letter before I can join the medial scheme. A Late Joiner Penalty can be imposed on members over the age of 35. When you apply at a certain age for a medical aid , your premium is higher than the regular member who joined the medical scheme earlier and opted for … Login. New users can create a new account to … “Discovery Health, the biggest medical aid scheme in South Africa, confirms that the scheme has the right to suspend any benefit payments should contributions be unpaid or in arrears by three days,” says Gumede. Main member’s details and acknowledgement of amount owing Contact us Tel: 0860 99 88 77, PO Box 784262, Sandton, 2146, www.discovery.co.za What you must do New User. Discovery Health is by far the biggest medical aid scheme in South Africa and tends to dominate the industry. Mary is 63 and applies for medical aid membership. Medical Scheme This form is your agreement to pay back an amount owing to the Discovery Health Medical Scheme. Start your 7-day free trial today. She belonged to a medical scheme for 3 years for from the ages 36 – 38 years and again for 7 years from 42 – 48 years. Existing Users. Depending on the number of years that they have not belonged to a medical aid, a Late Joiner Penalty will be added to the member’s monthly contribution.
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