2. Contributions

2.1 How is my contribution calculated?
As a principal member, you will pay a fixed amount, regardless of your age and income, together with a fixed amount for each adult dependant (21 years or older) and each minor dependant (younger than 21 years) registered under your membership

Example

This table applies to the Selfmed MEDXXI Option.

2.2 When are contributions payable?

Contributions are payable monthly in advance, due from the first day of your inception month.

2.3 At what stage does my contribution increase when a minor dependant turns 21?

The increased contribution for an adult dependant becomes due on the first day of the month following the month in which the dependant turns 21. A dependant, who is registered as a full-time student, on the Selfmed 80% and Selfsure options, will qualify for minor dependant contributions up to the age of 25, on receipt of annual proof of studies.

2.4 When do increased contributions become due in respect of a new dependant?

The first increased contribution becomes due:

• on the member’s inception date, if the dependant’s addition was indicated on the member’s application form; or
  
• from the first day of the month following the admission date of dependants registered within 30 days of marriage or date of birth; or
  
• from any other date determined by the Scheme.

2.5 What happens if my contributions fall into arrears?

If the Scheme does not receive your contribution in time, payment of all benefits in terms of your membership is suspended until such time as any amounts in arrears are received. If your contributions fall in arrears for more than a month, your membership will be terminated immediately without further notice.

2.6 What is a late joiner?

The section on ”Definitions” describes a late joiner.

2.7 How do late joiner penalties work?

The Scheme may increase the contributions of a late joiner in accordance with the stipulations of the Medical Schemes Act. The number of years with no medical cover is converted into a percentage as prescribed by the Act. The late joiner penalty amount is therefore the prescribed percentage of the normal monthly contribution.