Good day All,

It has been a while since i have added an entry to this blog.

There have been quite a few comments and spam, however, i thought it pertinent to add one now.

Discovery have entered the short term market, with a personal lines (household insurance and motor insura ce ) offering.

Needless to say, they have compeletely re-thought the insurance market, offering and claim process.

And launched a very interesting product.
...

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Dear All,

Second post of the evening.

I thought that i had best share this with you!

Taken from the EDiscoverer dated Thursday 18/11/2010.

Discovery Equity Fund first in its sector

The Discovery Equity Fund was ranked first in its sector over the three-year period since its inception.

The fund outperformed its stated benchmark by 22.35% over the three-year period. The ...

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Dear All,

Just an update:

The Council for Medical Schemes has just released circular 64 of 2010.

They have confirmed that the Moremed Medical Scheme and Clicks Group Medical Scheme are amalgamating as from the 1st of January 2010.

The new name of the amagamated scheme will be Horizon Medical Scheme from the date of amalgamation.

Have a pleasant evening.

Kenny
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Good evening everyone,

This post concerns Protea Medical Aid Society being placed under curatorship and the resultant requests from members wanting to join Discovery Health. Discovery Health have therefore issued a special offer for existing Protea Medical Aid Scoiety members.

On the 11th of November 2010, the Council for Medical Schemes released their Press Release 15 of 2010. This indicated that Protea Medical Aid Society had been placed under curatorship as from the 29th of October 2010. An inspection report done ...

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Underwriting concession for Gen-Health members applying for membership of the Discovery Health Medical Scheme

On the 14th of October 2010 the Council for Medical Schemes published press release 12, announcing that Gen-Health Medical Scheme (Gen-Health) is being liquidated with effect from the 12th of ... << MORE >>

Hello everyone,

3 more open medical schemes have released their increases for 2011.

Bonitas medical scheme: weighted average increase of 9.6%. Includes a 16% reduction on contributions on its Essential option, which has been restructured as a hospital plan. On it's other plans, increases will range from 9.4% to 12.4%.

Spectramed medical scheme: Increase in contributions of 8.5%. Increase range from 8.5% on three options to 23.5% on Hospital Elite option. ... << MORE >>

These are some of the increases for medical schemes for next year;

Discovery Health Medical Scheme: 7.9% increase (across all plan types and contribution bands).

Resolution Health Medical Scheme: 8.6% increase.

Medihelp Medical Scheme: 15.5% increase. (ranged from 6.7% for some members on the low income option to 29.9% for higher income earners on the same option. The Dimension Elite option has a 23.8% increase.)

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Good evening everyone,

I have just published the premiums for the Bupa Worldwide Health Options plans from 1 October 2010 onwards on the site.

They can be accessed on http://www.businessowner-cover.com/Intl._Health_Insurance.html if you need to view them.

Thanks
Kenny Williamson

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I would like to wish Discovery Life a belated Happy 10th Anniversary!

The past 10 years have been exciting and your product innovation has been wonderful to behold.

May the next 10 years be just as exciting. ... << MORE >>

Dear All,

The following has been taken from the eDiscoverer, dated the 2nd of September 2010 (discoverys' ezine):

"Strong results for Discovery in a significant year of investment for future growth 

Discovery today announced its annual results ...

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Happy Casual Day everyone,

Just to inform you that the amalgamation between Medshield and Oxygen Medical Schemes has been confirmed by the Council for Medical Schemes, to take effect from the 01 October 2010.

Enjoy your weekend.

Kenny Williamson
www.businessowner-cover.com ... << MORE >>

The Medical Scheme's Act allows employer groups to switch between medical schemes on the 1st of January without any waiting periods.

Most medical schemes give their own name to this type of business, e.g. concession business, status d business and so on.

The reason for this posting is that schemes will want the application from companies that want to move to them, before the end of September.

So, if as an employer group/ company you are unsatisfied with your medical scheme, now is the time to get your application in to the company that you want to change to.

Most schemes will send you their criteria for this move if you specifically ask for it.

Here is the criteria of the biggest "open" medical scheme in South Africa:

1. There must be two or more principal lives within the group.
2. All individuals must be employees or pensioners of the same company.
3. The company must currently belong to a registered South African medical aid scheme.
4. All covered individuals must agree to transfer their memberships to the new scheme on the 1st of January.

If you are a company that wants to move schemes, i would be happy to help...if the scheme that you want to move to is one we service and we would expect to be brokers on the new scheme.

Remember, it Pays to have Cover!

Kenny.

The Council for Medical Schemes have just released a circular that indicates that Sizwe Medical Fund and Gen-Health Medical Scheme want to merge.

If anyone wants to object to the above transaction they need to do so in writing before the 30 September 2010.

Have a good day
Kenny. ... << MORE >>

Dear All,

I have just received a business update from ihi Bupa.

The notification reads as follows:  
 
  " After a thorough review of its operations, ihi Bupa has decided to focus on travel and international health insurance and decrease its activities in domestic health insurance and critical illness.
All affected customers will be contacted in due course by ihi Bupa.

Please be assured that this decision does not affect any of ihi Bupa’s international health ...

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Dear All,

Just some breaking news!

The amalgamation between Momentum Health Medical Scheme and Ingwe Health has been confirmed by the Registrar, effective from 1 September 2010.

Have a good day.

Kenny

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Hello Everyone,

This concerns everyone who is using their Visa DiscoveryCard as their HealthyFood™ card.

There has been changes made as to how the HealthyFood™ cash back and Vitality points are captured.

From 1 August 2010, to make sure that your cash back and Vitality points are captured accurately, you need to swipe your Visa Discoverycard twice. Make sure that the cashier swipes your card before scanning your items and again when you pay.

If you don't ...you will ... << MORE >>

Dear All,

Time for another update on the blog.

Bupa International have re- branded their European Council of Schools (ECIS) Company Plan as from the 1st of August 2010.

The plan is now called the "International Schools Plan". This means that Bupa International have now "opened" up the plan to other accredited and recognised international schools councils around the world.

The benefits have also been reviewed, offering some exciting new options.

International Schools still receive:
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Dear All,

This is just to inform everyone that i have again put up a page explaining the medical aid plan types of Discovery Health.

There is also a page with summaries of benefits available and administrative forms that you might need.

My intention when doing a page like this, is to try and make the explaination of the plans as simple as possible and to have as much as possible regarding the plans specifically in one place.

The plan ... << MORE >>

Good evening all,

I have created a short 7 question survey.

This is basically to find out where i can help by providing more information and on what topics.

Please help the process along and pay it forward by completing this little survey.

http://www.businessowner-cover.com/Contact_Us.html

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Good day to all,

I have downloaded an article taken from the Money Marketing, page 23. Dated the 30 of June 2010.

I decided to put it up on the blog as i know that some of you are interested in claims that are actually paid by life companies.

Some of the interesting points:

• There has been no huge growth in life / risk policyholders in the last 10 years, yet claims payouts have doubled
• 28% of ...

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