We would like to remind all our clients who are on Keycare of important changes that came into effect on 1 January 2024. Below we highlight the changes:
Exclusion list: Cover will be provided for these procedures in the case of emergencies or Prescribed Minimum Benefit treatment. The following procedures have been added to the KeyCare series exclusion list: • Tonsillectomies • Myringotomies • Adenoidectomies KeyCare Hospital Network: For the purpose of maintaining the highest quality of care, ensuring efficient healthcare delivery and delivering value for members, the following changes have been made to the KeyCare Hospital Network: Changing from partial cover to full cover network status
What options are available for a KeyCare member if they are unable to access their Primary GP? KeyCare members will be able to change their nominated GP up to three times per year, depending on the member’s chosen KeyCare plan. This change will only be effective from the start of the next month. If a member is unable to change their nominated GP to take effect before needing to see a GP, they can use their out-of-network consultation at a network pharmacy clinic, with referral to a GP if needed. In cases where the chosen GP is away for a prolonged period (due to illness or being on leave) and there is no reasonable alternative available, a member can apply for the claim to be paid as an exception (without using the out-of-network consultation). Which pharmacies can be used for the KeyCare out-of-network consultation? KeyCare members can visit an Unjani Clinic or Netclinic, with over 200 clinics located across South Africa. If you would like apply for medical aid or appoint us your broker contact Lebogang in our Health Department email: service@daberistic.com tell: (011) 658-1333 Source: Discovery Health
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Offshore investing used to be for wealthy individuals in South Africa however, this has changed over the years with platforms offering a range of different products with various minimums. In this article, we focus on the two most popular products namely an offshore discretionary investment and offshore endowment or sinking fund investment. As with all investments, each investor’s needs and circumstances are unique. Whilst the article below aims to outline the basic characteristics of the different offshore products, it does not aim to give tax or fiduciary advice on these products. We strongly encourage investors to consult their financial adviser for any tax and estate planning advice. The increased number of companies de-listing from the JSE has elevated investor concerns about the investment outlook for SA Equities. The shortage of new listings, the relatively weak performance of local shares and depressed levels of business confidence have further exacerbated fears among market participants. While the de-listing trend is concerning, the debate is actually less about the number of de-listings and more about the level of market concentration and its impact on investment portfolios. In 2024, South Africa will finally see another major change to our retirement system. Although known as the “Two Pot system”, in reality, and for most, it will be a new three pot system. All retirement savings invested before 1 September 2024 will vest in a vested pot (pot 1), while all new contributions after 1 September 2024 will be allocated between a savings pot (pot 2) and a retirement pot (pot 3). Investors aged 55 and older as of 1 September 2024 will only have one pot - if you so choose. With Discovery Bank you are able to activate a Revolving Credit Facility of R20,000 to R500,000 and you simply transfer money to your credit card or transaction account in seconds. You’ll only pay monthly fees when you use your facility - with super-flexible repayment terms. Once you’ve repaid an amount, it’s available again and again to revolve around your financial needs. Say hello to credit that revolves around you! Whether you are renovating your home, planning a last-minute getaway, or handling unexpected car and home repairs, it’s the most convenient and flexible way to access credit.
Ready to revolve? Follow the steps below to apply for a Revolving Credit Facility:
Read the terms and conditions and find out more about the Revolving Credit Facility. Source: Discovery Bank If you would like to apply for a Discovery Bank account contact Shelley email: invest@daberistic.com tel:(011)658-1333 For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary:
Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global Source: Morningstar |
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