It’s the start of a new year, and it’s not unheard of for some matriculants to head overseas for a gap year before commencing their studies in South Africa.
Our newly launched plan, flexiFEDSavvy, could be just the medical aid option for these young travellers to consider while they’re abroad. From just R945 per month without any underwriting, it will cost parents less to put their child dependant on his/her own flexiFEDSavvy membership than leaving them on the parents’ medical aid at a higher child rate contribution.
Here’s an example:
- The child rate on flexiFED 3 is R1 186, and R1 055 on flexiFED 3GRID.
- On flexiFED 4, the child rate is R1 347, R1 199 on flexiFED 4GRID and R1 029 on flexiFED 4Elect).
The rate on flexiFEDSavvy for a principal member is R945 per month.
Once their child returns from overseas, and starts studying full time, they can once again become a child dependant on their parent’s medical aid (also without any underwriting being applied).
What is a child dependant? A child under 27 years of age who is financially dependent on the member, not in receipt of any regular income greater than the maximum social pension, unmarried and living with the member, or living in a residential situation connected with fulltime studies at a tertiary education institution.
