Medical aid scheme Bonitas is to increase prices across its various plans by a weighted average of 8.9% in 2019 – while also launching two new lower-cost plans.
The group said that the weighted average is on par with the industry corridor of 3% to 4% above CPI, and comes amid a tough economic climate, which included a hike in VAT to 15% in April 2018.
“The past 12 months have been extremely trying, with a number of uncertainties and changes anticipated,” said Bonitas principal officer, Gerhard Van Emmenis.
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“In addition, consumers have been heavily impacted by the increase in VAT and escalating prices which resulted from this.”
In July Bonitas reporte