On 21st September 2022, Discovery hosted their virtual workshop with over 10,000 brokers, to announce Discovery's benefits and contribution updates for 2023. Below is a summary what you need to look forward to in 2023 for Discovery Health and Vitality. Discovery Health No increase in contributions until 01 April 2023 Every year, medical schemes increase contributions by medical inflation to meet the expected cost of healthcare claims in the following year. Discovery Health will only increase contributions for 2023 on 1 April 2023. Members will therefore enjoy 2023 benefits at 2022 rates, for the first three months of the year. The increase on 1 April 2023 will be in line with medical inflation, expected to range between CPI plus 3 - 4%, which would be about 10% increase. Discovery will only confirm the exact increase percentage and new premium in February 2023. 2023 Benefit updates
Introducing Essential Dynamic Smart Plan If you are a tech-savvy, then there’s good news! Discovery Health is introducing a new plan called Essential Dynamic Smart Plan in 2023, it only costs R1450 per month and it is personalized. It will connect a member with the most efficient hospital for their admission at a specific point in time. (Deductible/co-payment will occur if choosing other providers) Introducing the WELLTH Fund The WELLTH Fund enables members to better understand their health status. The fund does this by giving risk funding of up to R10,000 per family for a broad range of health screenings and preventive healthcare services – over and above the yearly Screening and Prevention Benefit. It is going to start from 01st January 2023 for 24 months. Simply unlock the benefit by having one health check-up. Vitality Highlights In 2023, Vitality will enhance its benefits to focus on monetizing healthy behaviour and encouraging good clinical outcomes to drive more engagement and better health. The Vitality HealthyWeight programme This new programme uses the latest trends in behaviour change to help members achieve their ideal and healthy weight through a personal nutrition coach, simple meal plans, recipes and shopping lists. Vitality members can access Vitality HealthyWeight at affordable rates, with all at risk Vitality members receiving higher additional discounts. The Easiest Way to Join Gym
If you have Discovery Bank, you can now join the gym with Vitality without any admin with the gym staff, you can simply activate the gym benefit on the App, and skip the gym activation fee! If you like to know more about your cover or review your current Option contact Tammy in our Health department tel (011) 658-1333 email: service@daberistic.com Source: Discovery
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In an ever-evolving market that’s recently been facing tremendous challenges, Discovery Insure believe that there is an opportunity to be innovative and agile in making sure your clients’ cover remains relevant. Of course, while enabling them to enjoy even more rewards. We share with you a host of new and unique features, benefits, and product enhancements across personal and commercial lines. Here is a summary of what you can expect from Discovery Insure in the next year. Personal lines Below are some of the innovation’s you can look forward to:
Business insurance Below are some of the innovation’s you can look forward to:
If you would like us to review your Personal or Business Insurance contact William or Edmond in our Short-Term department email: service@daberistic.com Source: Discovery Insure 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) SA Q2 Portfolio Commentary Global Q2 Portfolio Commentary Market Commentary - SA and Global Market Performance Summary - SA and Global In partnership with Morningstar: There comes a time when poor economic data becomes good financial data. Let’s face it, there is no shortage of poor economic data at the moment. Just a few examples include record-high inflation numbers, the hawkish stance of central banks (globally), and the continued downward revision of global growth numbers. Couple that with dire confidence levels and you might just start to feel cautiously optimistic about the prospect of better returns going forward. Now, this might seem like a counterintuitive statement, but it is exactly what this article sets out to explain. We continue to share a 5-part series on Home Insurance Tips. In this article we share on Solving your geyser problems. We usually don’t dwell on things that can go wrong with the geyser, the reality is that something will, at some point. Most electrical geyser manufacturers supply a warranty for the actual geyser for between five and ten years, but its individual components only carry a warranty of one to two years. What are geyser components? These are items that generally wear, such as thermostats, elements, pressure control valves, vacuum breakers, seals and gaskets. When a geyser component fails, it doesn’t necessarily mean the geyser needs to be replaced. If something goes wrong with one of these components, check with your broker if your insurance policy covers it. Most importantly, if you suspect that your geyser is leaking or has burst, report your claim to your broker so that they can appoint a qualified plumber to see to the problem. If you don’t, you may find yourself out of pocket due to limits on your policy when not using an approved plumber. Did you know?
What to look out for
If you like us to review your Home cover contact William our Short-term department email service@daberistic.com tel (011)658-1333
Source: Hollard In partnership with Morningstar: High inflation brings with it increased levels of financial stress due to the rising cost of living. During times of high inflation, especially when coupled with the levels of market volatility we are experiencing year-to-date, investors tend to re-examine their finances. This includes relooking their spending, budgets, and investments as well as the effectiveness thereof. In partnership with Morningstar: It is interesting how the value of the rand can influence our perception of the value of our country. A strong rand, when compared to the US dollar, often makes us feel better about the state of affairs in South Africa. When the value of the rand climbs, so does our optimism about the growth and recovery of the country, while a weak currency fires up all the negative sentiment we read about in the press. We have no shortage of problems in our country - whether it be concerns about rising food and fuel prices, subdued growth, unemployment, electricity shortages, political infighting, a weak fiscal outlook, and social unrest. |
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