Medimed vs Momentum Medical Scheme
Medimed versus Momentum Medical Scheme compared and revealed.
We tested them side by side and verified their medical aid plans benefits, affordability, and much more.
This is a complete guide to Medimed and Momentum Medical Scheme in South Africa.
In this in-depth guide you’ll learn:
- What is a Medical Scheme?
- Which medical aid is the best for young families?
- Which medical aid is best for a young person?
- How to compare medical aids against each other?
- Which should you choose: Medimed or Momentum Medical Scheme?
So if you’re ready to go “all in” with the Medimed versus Momentum Medical Scheme in South Africa, this guide is for you.
Let’s dive right in…
Medimed vs Momentum Medical Scheme Summary
Overall Comparison
| ✅ Feature | 🥇 Medimed | 🥇 Momentum Medical Scheme |
| General comparison | 3/5 | 5/5 |
| Number of plans | 4 | 6 |
| Lowest premium | R1 680.00 (Alpha) | R541.00 (Ingwe) |
| Highest premium | R3 980.00 (Medsave Max) | R13 573.00 (Summit) |
| Student Plan | No | Yes |
| Gap Cover | A member can apply with Momentum | Yes |
| Hospital plans | Yes | Yes |
| Maternity benefits | Yes | Yes |
| Number of members | 6 000+ | 293 000 |
Plan Benefits
| ✅ Feature | 🥇 Medimed | 🥇 Momentum Medical Scheme |
| Name of Plan | • Alpha • Medisave Essential • Medisave Max • Medisave Standard | • Evolve • Custom • Incentive • Extender • Summit • Ingwe |
| Price per plan | • Alpha: R1 680.00 • Medisave Essential: R1 600.00 • Medisave Max: R3 980.00 • Medisave Standard: R2 300.00 (Price per plan is determined by your income) | • Evolve: R1 687.00 • Custom: R2 149.00 • Incentive: R2 794.00 • Extender: R6 589.00 • Summit: R13 573.00 • Ingwe: R541.00 |
| GP Visits | Yes | Yes |
| GP in room visits | Yes | Yes |
| Specialist visits | Yes | Yes |
| Acute medication | Yes | Yes |
| Chronic medication | Yes | Yes |
| Basic pathology | Yes | Yes |
| Basic and emergency dentistry | Yes | Yes depending on the plan you choose |
| HIV benefit | Yes | Yes |
| Maternity benefit | Yes | Yes |
| Road accident claims | Will give assistance | Yes but not linked to medical aid scheme |
Medimed vs Momentum Medical Scheme
👉 Both Medimed and Momentum Medical Scheme are known medical aid schemes that provide a comprehensive selection of tailored plans. Here, we compare in these two medical aid schemes to help you decide on the best option for your healthcare needs in 2024.
Which offers more affordable cover – Medimed of Momentum Medical Scheme?
👉 Momentum Medical Scheme has the lowest premium with its Ingwe plan that specifically focusses on students. Momentum Medical Scheme also offers a choice between six plans compared to the four plans offered by Medimed.
👉 It should also be noted that with Medimed your monthly contributions on any of the plans depend on your income. In addition, Medimed’s Medisave Essential plan is a capitated option and it is unfortunately only available to members in the Nelson Mandela Metropole as this is the area where the aid has specific contracts with the providers.
Do both schemes offer gap cover?
👉 Gap insurance is a temporary insurance policy that provides coverage for any shortfalls incurred when a doctor’s or specialist’s expenses exceed the medical aid’s rates of coverage. Your medical insurance complements your gap insurance.
👉 In exchange for a monthly premium, the gap cover provider will pay you a percentage of the difference between your medical expenses and what your medical insurance would pay. You can pay more for services at private hospitals if you utilize a healthcare practitioner who is not a part of your medical plan’s network.
👉 Medimed offers the option to take out gap cover with Momentum which specifically make provision for clients of Medimed. Momentum Medical Scheme falls directly under the umbrella of Momentum which has many other divisions and gab cover is one of the options recommended to its members.
Do both schemes offer hospital plans?
👉 Yes, both Medimed and Momentum Medical Scheme offer hospital plans. All Medimed’s plans give you access to quality care at private hospitals and the Medisave Max plan has no overall annual limit. Once again clients should bear in mind that Medimed only covers members in the Nelson Mandela Metropolis.
👉 All of Momentum Medical Scheme’s plans come with hospital plans that will pay for the costs of your care if you are admitted to the hospital, including ward costs, theatre fees, and accounts from other in-hospital providers like anesthesiologists or radiologists. All of its hospital plans are governed by the terms of the Scheme, pre-approval, case management, clinical guidelines, and the benefit choice you have selected.
Who is Medimed?
👉 The Medimed Medical Aid, founded in 1980, focuses on providing healthcare solutions to members in the Nelson Mandela Metropolis. As of the end of 2012, the scheme had just over 5,500 members and reserves of more than R124 million.
👉 Medimed’s primary mission is to give the members of the organisation access to a comprehensive medical care facility that extends to encompass a wide range of additional components.
👉 According to the regulations of the Scheme, the key participants in the plan will consist of those workers who are currently employed by the company as well as the beneficiaries of those workers. Members who have reached retirement age and are still eligible for benefits under the plan are known as retirees and their beneficiaries respectively.
👉 Medimed’s delivery arrangements include a capitated managed care model where comprehensive cover is purchased from the local IPA’s (Independent Practice Associations) and free choice.
👉 Medimed provides four options with comprehensive hospitalisation and chronic medication coverage. Each plan provides a different way to manage the out-of-hospital benefits. The Alpha option is a co-payment plan. Medisave Max and Standard provide out-of-hospital benefits through a savings account with an additional elective benefit. The Medisave Essential option is a managed health care plan provided by contracted service providers with the added flexibility of a savings account.
Who will benefit from Medimed?
👉 All Medimed’s plans are designed to provide solid cover for what is considered essential to preserve and protect your health. There are 4 plans available that will benefit individuals, couples and families and pensioners.
Medimed Medical Aid has a late joiner fee and also has the following plans to choose from:
Who is Momentum Medical Scheme?
👉 Momentum is a financial services company and provider of healthcare, insurance and investment solutions in SA. It provides tailor made solutions to over 293 000 beneficiaries.
👉 The Council for Medical Schemes (CMS) regulates Momentum Medical Scheme, a not-for-profit open medical scheme that is registered and controlled in accordance with the Medical Schemes Act 131 of 1998, as modified (the Act). The Scheme was founded in 1963 as a cooperative organisation with the primary goal of offering dependable healthcare benefits to its expanding membership.
👉 The Scheme aims to strike a balance between the needs of the individual members and those of the combined membership. You get medical aid cover to match your needs and your budget packed with added benefits and monthly rewards. As one of the most trusted medical aid schemes in South Africa, you can find the most affordable medical aid option to suit your individual or family needs, with industry-leading benefits.
👉 Since its inception, Momentum have been offering a secure future for its clients and their loved ones by providing financial advice, supported by innovative product solutions and excellent service to all its clients.
Who will benefit from Momentum Medical Scheme?
👉 With Momentum Medical Scheme, you have access to a wide range of medical aid options and industry-leading benefits. Whether you’re a student looking for the most affordable medical aid, a young professional, or a breadwinner who needs extensive cover for your whole family.
Momentum Medical Scheme has a Momentum Multiply Rewards Program and also the following medical aid plans:
Frequently Asked Questions
Which medical aid offers the cheapest medical plan, Medimed or Momentum Medical Scheme?
Momentum Medical Scheme offers the cheapest medical plan with its Ingwe plan at R541.00 per month. Medimed’s cheapest plan is its Alpha plan at R1 680.00 per month.
Which is the best medical aid between Medimed and Momentum Medical Scheme?
Medimed is a fairly young medical aid and was only founded in 1980 and solely focusses on providing healthcare solutions to members in the Nelson Mandela Petropolis. Momentum Medical Scheme was founded in 1963 and besides offering affordable medical aid options to its members, it also provides financial advice which is supported by innovative product solutions.
Which medical aid, Medimed or Momentum Medical Scheme are the most popular?
Momentum Medical Scheme boasts membership of over 293 000+ whereas Medimed only boasts members of over 6 000+. Medimed offers a choice between four medical plans whereas Momentum Medical Scheme offers a choice between six medical plans.
Do Medimed and Momentum Medical Scheme medical aids offer the option of gap cover?
With Medimed, members have the option to apply for gap cover with Momentum. Momentum Medical Scheme also offers the option of gap cover through the same division of Momentum as Medimed.
Do Medimed and Momentum Medical Scheme medical aids have a waiting period?
Yes, both Medimed and Momentum Medical Scheme have a general three-month waiting period during which you are unable to submit a claim.
