Member-oriented scheme strengthened by high reserves Christo Becker, Principal Officer of Selfmed, shares some insights on the medical insurance industry.
Please provide an overview of Selfmed, including the history and size of the organisation.
Selfmed Medical Scheme was established more than 50 years ago and it is one of the older schemes in South Africa. Providing coverage for about 8 000 principal members and 13 500 beneficiaries, we are one of the smaller schemes and we focus on providing individual attention to our members. Our size allows us to do this. Could you outline the different options?
BIOGRAPHY After completing his studies in 1996, Christo worked as a paramedic in Cape Town and Port Elizabeth (where he was seconded to run the Eastern Cape operation for Netcare911). He furthered his career in healthcare when he was appointed as hospital manager for a hospital in the Netcare Group. Christo went on to manage a number of other hospitals before joining Selfmed Medical Scheme as the Principal Officer in 2014.
Members are able to choose one of five medical aid options: SelfNET – this entry-level product is our most affordable as it covers a narrow band of benefits. MedXX1 – a hospital plan that extends beyond the prescribed minimum benefits and pays out at 100% of scheme rates for covered in-hospital treatment and in-hospital doctor’s consultations. Selfsure – an option that provides in-hospital and out-of-hospital benefits and is a great choice for a family with young children. Med Elite – a broader hospital plan that covers additional conditions including greater coverage for oncology expenses, hip, knee and back operations. Selfmed 80% – 80% of bills relating to a wide range of conditions are covered. What is the solvency ratio of Selfmed and how does this compare to other medical aid schemes?
Selfmed has a solvency ratio of 100.37%, which is way more than the 25% mandatory requirement. We are one of the top schemes in the country in terms of our reserves. What differentiates your offerings from those of your competitors?
Selfmed has a very strong member focus. As someone who has previously worked as a paramedic and a hospital manager, I’m passionate about healthcare. All of us share the passion and want
KWAZULU-NATAL BUSINESS 2017/18
Published on May 3, 2013
KwaZulu-Natal Business 2016/17 is the eighth edition of this highly successful publication that has since its launch in 2007 established its...