As of 2023, the cheapest plan available from Momentum Medical Scheme is the Ingwe option, which costs 495 South African rand (approximately 26.39 U.S. dollars) per month. This medical aid choice is aimed at students earning a monthly income of less than 825 South African rand (around 44 U.S. dollars) . The Summit option is recommended to families who require extensive cover from their preferred provider, and requires monthly contributions of 12,345 South African rand (around 658.26 U.S. dollars). Momentum has various plans at different prices depending on the needs and economic standing of their clients.
Momentum medial aid main member prices in South Africa in 2023. by plan
(in South African rand)
The price range data applies to main members only. Contributions for additional adult members are either the same as the main member or slightly lower, and contributions for children are significantly less.
Open medical schemes are open to all South Africans who are able to pay for membership.
South African medical schemes are non-profit trusts that their members own. The contributions made by the members are put together and used to pay pertinent medical costs where necessary while keeping a legislated surplus (at least a 25 percent solvency ratio) to prevent the scheme from collapsing. Some medical plans have an option for saving, which creates a collective savings from a member’s monthly payments for personal use.
Conversion rate as on 09/25/2023: 1 USD = 18,75 South African rand.
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Momentum Medical Scheme. (September 25, 2023). Momentum medial aid main member prices in South Africa in 2023. by plan (in South African rand) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1415053/momentum-medical-aid-plans-and-price-range-in-south-africa/
Momentum Medical Scheme. "Momentum medial aid main member prices in South Africa in 2023. by plan (in South African rand)." Chart. September 25, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1415053/momentum-medical-aid-plans-and-price-range-in-south-africa/
Momentum Medical Scheme. (2023). Momentum medial aid main member prices in South Africa in 2023. by plan (in South African rand). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1415053/momentum-medical-aid-plans-and-price-range-in-south-africa/
Momentum Medical Scheme. "Momentum Medial Aid Main Member Prices in South Africa in 2023. by Plan (in South African Rand)." Statista, Statista Inc., 25 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1415053/momentum-medical-aid-plans-and-price-range-in-south-africa/
Momentum Medical Scheme, Momentum medial aid main member prices in South Africa in 2023. by plan (in South African rand) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1415053/momentum-medical-aid-plans-and-price-range-in-south-africa/ (last visited November 10, 2024)
Momentum medial aid main member prices in South Africa in 2023. by plan (in South African rand) [Graph], Momentum Medical Scheme, September 25, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1415053/momentum-medical-aid-plans-and-price-range-in-south-africa/
