How NMAS compares with open schemes
Every year we ask our independent actuaries to compare the Nedgroup Medical Aid Scheme benefit options against the average equivalent benefit options for the largest open-membership medical schemes, to ensure that we continue to offer our members the best value their contributions can buy.
HOW IT WORKS
The actuaries calculate the value of each Plan, compared to equivalent options available from the biggest open-membership medical schemes in South Africa. An average value is then calculated for our Scheme as a whole.
Our most recent benchmarking exercise show that, measured against the nine biggest open-membership medical schemes in South Africa, our Scheme is 23% less expensive, with 7% richer benefits, leading to a better overall value of 29%!