AFFORDABLE ACCESS TO COMPREHENSIVE HEALTHCARE LAUNCHED BY SELFMED

January 15, 2015

PRESS RELEASE

For release: 15 January 2014

AFFORDABLE ACCESS TO COMPREHENSIVE HEALTHCARE LAUNCHED BY SELFMED

Today’s launch of a medical aid product, SelfNET, that provides comprehensive medical care from R1,020-00 per month is a ground breaking move towards making private healthcare more accessible to South Africans. Co-ordinated and managed by Selfmed Medical Scheme, SelfNET is specifically and strategically structured to provide quality care at an affordable price.

The SelfNET product provides national comprehensive hospital cover in respect of Prescribed Minimum Benefits (PMBs), chronic and day-to-day cover through the extensive CareCross Health Network.

Says Christo Becker, Principal Officer at Selfmed: “Every measure possible was taken to ensure that the cost of the product remains contained. In line with this, the plan is contracted with cost effective individual Service Providers whilst not compromising on quality of care. Selfmed Medical Scheme entered into negotiations with CareCross Health to bring a sustainable, affordable option to market that does not compromise healthcare benefits. The name SelfNET refers to the fact that the product is a networked plan – a consideration that is vastly outweighed by the benefits it offers.”

According to an article in the Mail & Guardian on 12 December 2014, “South Africa’s health department says only 16% of its 52-million citizens have access to medical schemes. The country only has private health insurance schemes, of which the high premiums sometimes take up as much as 14% of members’ salaries.”

Says Becker: “Health coverage is a major financial challenge. A 2009 study in the Health Affairs journal found that one in every three households in Africa has to borrow money or sell their possessions to pay for health expenses. It is imperative that we work towards providing access to healthcare to as many individuals as possible. We also aim to provide access to preventative healthcare through this option. A philosophy that is not yet entrenched in South Africans as access to healthcare, in the past, remained costly. With SelfNET we make Medical Aid accessible – it is a breakthrough for Selfmed Medical Scheme.”

For more information about Selfmed and SelfNET, visit: ~uwww.selfmed.co.za#www.selfmed.co.za~ .

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