Latest news with #Fedhealth
eNCA
03-07-2025
- Health
- eNCA
A new medical aid built on the values that matter
What if we could rethink how medical aid works in South Africa? Not just a tweak here or there, but meaningful changes that reflect how modern South Africans live and what they truly need from a medical aid scheme. That's exactly what Fedhealth Medical Scheme and Sanlam are setting out to do with the launch of a bold new scheme. Following Sanlam's endorsement of Fedhealth as its open medical scheme of choice, the new scheme isn't just a new medical aid product, but rather a new philosophy: a medical aid scheme that truly meets the needs of South Africans. Asking the difficult questions First, Fedhealth and Sanlam asked the big questions to avoid building just another medical scheme. Questions like: Why is medical aid so rigid? So confusing? So expensive? And why does it feel like it was never made for people like… you and me? As of 2023, only 15.7% of South Africans belonged to a medical aid scheme, which translates to only around 9.8 million people out of a population of over 63 million. So, there's definitely room for improvement. Exploring the biggest pain points led to the creation of something new entirely. A different kind of scheme - with a blueprint of real values at its core to serve as guidelines, not just vague promises. Here are the values the new scheme is built on: Affordability - so you only pay for what matters to you. By tailoring a plan specifically to your circumstances, you will be able to pay for the benefits you truly need. Customisation - so your plan fits YOUR life, not the other way around. This means the cover you need at a fair price, rather than paying for extras you don't use. Inclusivity - because medical aid should work for more people, more of the time. Simplicity - because you deserve to know exactly what you're getting. No more decoding benefits or unexpected surprises. Trust - so when you need support most, you know your scheme will be there. A commitment to ensuring members know what to expect in terms of their cover. This isn't medical aid as you know it, It's medical aid built for the world we live in. Built on these values, Fedhealth and Sanlam will launch this bold new scheme in October that will turn the concept of medical aid on its head. The new scheme will be available to join from 1 January 2026. Change is coming, South Africa The partnership between Fedhealth, a trusted name since 1936, and Sanlam, one of South Africa's most established financial institutions, creates a synergy of strengths when it comes to medical cover and insurance. With its five core values, the new medical scheme is set to be a true evolution in the world of medical aid, with an offering that's transparent, trustworthy, affordable and straightforward. So, get ready South Africa. The change you wanted is coming. Follow the journey at
SowetanLIVE
01-07-2025
- Health
- SowetanLIVE
Fedhealth and Sanlam reboot medical aid for the real world
What if we could rethink how medical aid works in SA? Not just a tweak here or there, but meaningful changes that reflect how modern South Africans live and what they truly need from a medical aid scheme? That's exactly what Fedhealth Medical Scheme and Sanlam are setting out to do with the launch of a bold new scheme. After Sanlam's endorsement of Fedhealth as its open medical scheme of choice, the new scheme isn't just a new medical aid product, but rather a new philosophy: a medical aid scheme that truly meets the needs of South Africans. Asking the difficult questions First, Fedhealth and Sanlam asked the big questions to avoid building just another medical scheme. Questions like: Why is medical aid so rigid? So confusing? So expensive? And why does it feel like it was never made for people like ... you and me? As of 2023, only 15.7% of South Africans belonged to a medical aid scheme, which translates to only about 9.8-million people out of a population of over 63-million. So, there's definitely room for improvement. Exploring the biggest pain points led to the creation of something new entirely. A different kind of scheme — with a blueprint of real values at its core to serve as guidelines, not just vague promises. Here are the values the new scheme is built on: Affordability — so you only pay for what actually matters to you. By tailoring a plan specifically to your circumstances, you will be able to pay for the benefits you truly need. Customisation — so your plan fits YOUR life, not the other way around. This means the cover you need at a fair price, rather than paying for extras you don't use. Inclusivity — because medical aid should work for more people, more of the time. Simplicity — because you deserve to know exactly what you're getting. No more decoding benefits or unexpected surprises. Trust — so when you need support most, you know your scheme will be there. A commitment to ensuring members know what to expect in terms of their cover. This isn't medical aid as you know it. It's medical aid built for the world we actually live in. Built on these values, Fedhealth and Sanlam will launch this bold new scheme in October that will turn the concept of medical aid on its head. The new scheme will be available to join from January 1 2026. Change is coming, SA The partnership between Fedhealth, a trusted name since 1936, and Sanlam, one of SA's most established financial institutions, creates a synergy of strengths when it comes to medical cover and insurance. With its five core values, the new medical scheme is set to be a true evolution in the world of medical aid, with an offering that's transparent, trustworthy, affordable and straightforward. So get ready, SA. The change you wanted is coming. Follow the journey at
TimesLIVE
01-07-2025
- Health
- TimesLIVE
Fedhealth and Sanlam reboot medical aid for the real world
What if we could rethink how medical aid works in SA? Not just a tweak here or there, but meaningful changes that reflect how modern South Africans live and what they truly need from a medical aid scheme? That's exactly what Fedhealth Medical Scheme and Sanlam are setting out to do with the launch of a bold new scheme. After Sanlam's endorsement of Fedhealth as its open medical scheme of choice, the new scheme isn't just a new medical aid product, but rather a new philosophy: a medical aid scheme that truly meets the needs of South Africans. Asking the difficult questions First, Fedhealth and Sanlam asked the big questions to avoid building just another medical scheme. Questions like: Why is medical aid so rigid? So confusing? So expensive? And why does it feel like it was never made for people like ... you and me? As of 2023, only 15.7% of South Africans belonged to a medical aid scheme, which translates to only about 9.8-million people out of a population of over 63-million. So, there's definitely room for improvement. Exploring the biggest pain points led to the creation of something new entirely. A different kind of scheme — with a blueprint of real values at its core to serve as guidelines, not just vague promises. Here are the values the new scheme is built on: Affordability — so you only pay for what actually matters to you. By tailoring a plan specifically to your circumstances, you will be able to pay for the benefits you truly need. Customisation — so your plan fits YOUR life, not the other way around. This means the cover you need at a fair price, rather than paying for extras you don't use. Inclusivity — because medical aid should work for more people, more of the time. Simplicity — because you deserve to know exactly what you're getting. No more decoding benefits or unexpected surprises. Trust — so when you need support most, you know your scheme will be there. A commitment to ensuring members know what to expect in terms of their cover. This isn't medical aid as you know it. It's medical aid built for the world we actually live in. Built on these values, Fedhealth and Sanlam will launch this bold new scheme in October that will turn the concept of medical aid on its head. The new scheme will be available to join from January 1 2026. Change is coming, SA The partnership between Fedhealth, a trusted name since 1936, and Sanlam, one of SA's most established financial institutions, creates a synergy of strengths when it comes to medical cover and insurance. With its five core values, the new medical scheme is set to be a true evolution in the world of medical aid, with an offering that's transparent, trustworthy, affordable and straightforward.
TimesLIVE
19-06-2025
- Health
- TimesLIVE
Fedhealth and Sanlam join forces to give medical aid a much-needed reboot
In a bold move set to 'reboot' medical aid as South Africans know it, Fedhealth and Sanlam have partnered to create a new scheme that better reflects the needs of modern South Africans. The new scheme is set to launch on October 1 and be available to join from January 2026. Why a medical aid 'reboot ' is long overdue As of 2023, only 15.7% of South Africans — about 9.8-million people — belong to a medical aid scheme. For many South Africans, monthly medical aid contributions are simply unaffordable, particularly given the current economic climate of rising inflation and unemployment. For some South Africans, medical insurance is a cheaper alternative that's gaining in popularity, but it typically falls short in covering the full costs of a medical procedure. Instead, a medical insurance policy allocates a set monetary limit for a list of specified benefits and things like basic medication, GP and specialist consultations. More often than not, this monetary payout isn't enough to cover the costs associated with getting private medical care including hospital admissions. It's clear, then, that there's an opportunity for a medical aid plan that provides customised and relevant benefits while still being affordable. Fedhealth and Sanlam have recognised the need for an updated offering in the market, and are partnering to create a groundbreaking medical aid solution designed to make quality healthcare more accessible to the average South African. New era for South African medical aid So how is providing quality medical aid cover possible at an affordable price? The answer lies in customisation. Currently, most South African medical aid schemes, while offering various plan options, don't allow people to truly tailor their cover to their specific needs. For example, someone who is young and healthy may not need the majority of value-added benefits that a particular plan offers — yet they're forced to pay for them. Then there's the fact that a medical aid member's needs inevitably change over time. In the current medical aid landscape, a member would typically need to wait until a certain time of year to move onto a new plan, rather than being able to change the benefits, coverage and day-to-day savings on the plan they're currently on. If medical aid were truly customisable in this way it would be cheaper, as a member would only pay for what they really need. And, the healthier they are, the lower this cost would be. 'It's this relationship between affordability and customisation that the new scheme aims to address,' says Jeremy Yatt, Fedhealth's principal officer. Beyond affordability, the new scheme also aims to solve other common frustrations with medical aid. One of these is the complexity of medical aid products, which makes them difficult for the average person to understand. 'For many consumers, their medical aid plan has become so complicated that it's hard for them to know what they're really getting, or what they're actually paying for,' says Yatt. 'We want to take the element of surprise out of medical aid so that it's clear, honest, and actually makes sense to consumers.' There's a gap in the market for a medical aid scheme with no vague rules, no surprises, and no disappearing benefits Jeremy Yatt, Fedhealth's principal officer Many consumers also tend to have a lack of trust with their medical aid scheme, whether it's the perceived value they're getting, or uncertainty about whether they'll get the coverage they need in a medical emergency. 'As a medical aid member, members want to know exactly what they're covered for, and that they'll be covered when they need it,' says Yatt. 'Given this, there's a gap in the market for a medical aid scheme with no vague rules, no surprises, and no disappearing benefits.' The partnership between Fedhealth, a trusted name since 1936, and Sanlam, one of SA's most established financial institutions, creates a synergy of strengths when it comes to medical cover and insurance. This translates as an opportunity to add real value to consumers by offering insurance and medical aid products from one provider, which can mean more simplicity and lower costs. This could mean adding on a medical insurance policy to a hospital plan for day-to-day medical expenses, or a gap cover policy to cover shortfalls that a hospital plan may not cover. In a joint statement announcing the sole partnership with Fedhealth this month, Kanyisa Mkhize, chief executive of Sanlam Corporate, and Gerald van Wyk, Group CEO of AfroCentric — a diversified healthcare company in which Sanlam owns a controlling share — said: 'This move supports the group's strategy to provide a complete health offering to existing and potential clients as part of its overall financial services value proposition. The partnership with Fedhealth supports Sanlam's ambition to provide integrated healthcare, insurance and investment offerings to new and existing clients.' With South Africans under mounting financial pressure, this new scheme comes at a crucial time. It's more than just a new offering — it's a complete shift in how medical aid is delivered. 'Sanlam and Fedhealth are proud to be leading the way in creating a new scheme that truly meets the needs of the modern consumer without compromising on quality,' says Yatt. 'By building it from the ground up, we're giving South Africans the medical aid cover they demand and deserve.'
SowetanLIVE
02-06-2025
- Business
- SowetanLIVE
Get ready for a medical aid reboot. Change is coming, Mzansi
Launching on October 1, a bold new medical aid scheme will rise. Built on Fedhealth's 89-year legacy of innovation and backed by the power of Sanlam, it's designed to deliver exactly what you've been asking for: more value, more choice and more affordability. Fedhealth and Sanlam have listened to what SA wants from a scheme — and are building on what works within the current system, reshaping where necessary, and creating a medical aid experience that truly puts you first. Fedhealth and Sanlam: a legacy of innovation and the expertise of a financial powerhouse Earlier this year, Sanlam announced an agreement to partner with Fedhealth as its single open medical scheme provider. This move supports the Sanlam group's strategy to provide a complete health offering to existing and potential clients as part of its overall financial services value proposition. The partnership also reinforces Sanlam's aim to offer an integrated healthcare, insurance and investment offering that delivers more value, affordability and sustainability. For Fedhealth, this agreement will realise its objective of expanding its market share in the corporate market in SA, which stands to bring in substantial new corporate members via Sanlam's established client base. Current Fedhealth members can rest assured: the new scheme will still operate as an independent entity, run by a board of trustees consisting of scheme members. Excitement about the future of healthcare, reimagined 'We are pleased about the conclusion of our partnership agreement with Fedhealth, which supports our objective to significantly upweight our health focus,' says Paul Hanratty, Sanlam group CEO. 'Many South Africans need affordable private healthcare delivered by a solid medical aid. Our partnership with Fedhealth demonstrates our commitment to enable accessible healthcare and reinforces our outlook to encourage our clients to live confidently, healthily, and resiliently build wealth. We have already migrated most of our staff to Fedhealth and look forward to a mutually beneficial partnership.'
