Momentum Medical Scheme vs Sizwe Hosmed Medical Fund
Momentum Medical Scheme versus Sizwe Hosmed Medical Fund 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 Momentum Medical Scheme and Sizwe Hosmed Medical Fund 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: Momentum Medical Scheme or Sizwe Hosmed Medical Fund?
So if you’re ready to go “all in” with the Momentum Medical Scheme versus Sizwe Hosmed Medical Fund in South Africa, this guide is for you.
Let’s dive right in…
Momentum Medical Scheme vs Sizwe Hosmed Medical Fund Summary
Overall Comparison
| ℹ️ Feature | 🥇 Momentum Medical Scheme | 🥈 Sizwe Hosmed Medical Fund |
| General comparison | 5/5 | 4/5 |
| Number of plans | 6 | 14 |
| Lowest premium | R541.00 (Ingwe) | R1 870.00 (Essential Copper) |
| Highest premium | R13 573.00 (Summit) | R8 415.00 (Titanium Executive) |
| Student Plan | Yes | No |
| Gap Cover | Yes | Yes |
| Hospital plans | Yes | Yes |
| Maternity benefits | Yes | Yes |
| Number of members | 293 000 | 172 000 |
Plan benefits
| ℹ️ Feature | 🥇 Momentum Medical Scheme | 🥈 Sizwe Hosmed Medical Fund |
| Name of Plan | • Evolve • Custom • Incentive • Extender • Summit • Ingwe | • Essential Copper (3X) • Access Core • Access Saver 25 • Silver Hospital • Gold Ascend • Gold Ascend EDO • Value • Value Core EDO • Plus • Platinum Enhanced • Platinum Enhanced EDO • Titanium Executive |
| Price per plan | • Evolve: R1 687.00 • Custom: R2 149.00 • Incentive: R2 794.00 • Extender: R6 589.00 • Summit: R13 573.00 • Ingwe: R541.00 | • Essential copper: R1 870.00 – R2 839.00 (depending on your income) • Access Core: R2 418.00 • Access Saver 25: R3 092.00 • Silver Hospital: TBC • Gold Ascend: R3 418.00 • Gold Ascend EDO: R3 250.00 • Value: R4 401.00 • Value Core EDO: R4 051.00 • Plus: R7 227.00 • Platinum Enhanced: R4 747.00 • Platinum Enhanced EDO: R4 511 • Titanium Executive: R8 415.00 |
| 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 depending on the plan you choose | Yes with pre-authorization |
| Basic optometry | Yes depending on the plan you choose | Yes depending on the plan you choose |
| HIV benefit | Yes | Yes |
| Maternity benefit | Yes | Yes |
| Road accident claims | Yes but not linked to medical aid scheme | No |
Momentum Medical Scheme vs Sizwe Hosmed Medical Fund
Both Momentum Medical Scheme and Sizwe Hosmed Medical fund are popular and well-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 – Momentum Medical Scheme or Sizwe Hosmed Medical Fund?
Momentum Medical Scheme has the lowest premium of the two medical aids with its Ingwe plans that specifically focusses on students. On the other hand, Sizwe Hosmed Medical Fund gives its member a bigger choice between the fourteen plans on offer.
It should also be noted that Sizwe Hosmed Medical Fund only except clients from the Black population of South Africa.
Both medical aids provide medical aid plans that are reasonably priced. These plans are meant for individuals, couples, families, and retirees.
Do both schemes offer gap cover?
A gap coverage policy is a short-term insurance plan that covers a deficit if people see doctors and specialists who charge more than their medical aids. Medical help and gap cover, cover you.
For a monthly charge, your gap cover provider will pay you a percentage of the difference between the total cost of your medical care and the amount your health insurance policy would cover. If you use a non-network doctor, you’ll likely pay more at a private hospital than your plan would cover.
Momentum Medical Scheme is part of Momentum that has a number of other divisions under its umbrella. Gap cover is one of them but does not fall directly under the medical scheme. Sizwe Hosmed Medical Fund does not make provision for gap cover and it is suggested that you contact an individual broker to make your own provision for gap cover.
Do both schemes offer hospital plans?
Yes, both Momentum Medical Scheme and Sizwe Hosmed Medical Fund offer hospital plans.
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.
All of Sizwe Hosmed Medical Fund’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.
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.
Momentum Medical Scheme has a Momentum Multiply Rewards Program and also the following medical aid plans:
- ✅ Momentum Summit
- ✅ Momentum Ingwe
- ✅ Momentum Incentive
- ✅ Momentum Extender
- ✅ Momentum Evolve
- ✅ Momentum Custom
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 in.
Who is Sizwe Hosmed Medical Fund?
Sizwe Medical Fund was founded in 1978. The Fund is essentially a South African company that in many ways mirrors a South African story. Hosmed Medical Scheme was founded in 1998. The two medical aids merged to form Sizwe Hosmed Medical Fund.
The Group’s goals in creating the Fund were to lead the black people in healthcare issues and to offer medical aid coverage for blacks. Black specialists can now launch their own private practises because to this. Additionally, it allowed black private patients and their doctors access to pricey drugs, X-rays, and other investigations that were beyond of reach for almost everyone without medical aid coverage.
Sizwe Hosmed Medical funds’ footprint stretches nationwide and itis accepted by all service providers. It guarantees unlimited hospitalisation on all options for PMB conditions. The collective value of Hosmed day-to-day benefits per option compares well with the rest of the industry.
It offers optometry, dentistry, pathology and radiology benefits per person, no matter how big your family is. Additionally, it includes a wellness benefit for all beneficiaries on all options as well as access to a 24-hour call centre, including telephonic nurse advice emergency and nonemergency transfer.
Overall the scheme offers a traditional, sound healthcare solution for all black South Africans.
Who will benefit from Sizwe Hosmed Medical Fund?
With Sizwe Hosmed Medical Fund, you have access to a wide range of medical aid options and industry-leading benefits for individuals as well as the whole family
Sizwe Hosmed Plans
- ✅ Sizwe Hosmed Value Core
- ✅ Sizwe Hosmed Titanium Executive
- ✅ Sizwe Hosmed Silver Hospital
- ✅ Sizwe Hosmed Plus
- ✅ Sizwe Hosmed Platinum Enhanced
- ✅ Sizwe Hosmed Platinum Enhanced EDO
- ✅ Sizwe Hosmed Gold Ascend
- ✅ Sizwe Hosmed Gold Ascend EDO
- ✅ Sizwe Hosmed Value
- ✅ Sizwe Hosmed Essential Copper
- ✅ Sizwe Hosmed Access Saver 25
- ✅ Sizwe Hosmed Access Core
FAQ
Do you really need medical aid?
Medical aid can cover the costs of a wide variety of surgeries, therapies, doctor visits, and consultations that might otherwise be out of reach. So, pick a strategy that works for your needs and objectives.
Is a hospital plan cheaper than medical aid?
Since MSAs are not included in hospital plans, you can save a lot of money by opting for a hospital plan rather than a full medical aid policy. As a result, hospitalisation insurance is more affordable than comprehensive medical assistance plans.
Can I join a medical aid if pregnant?
If you’re expecting a child, enrolling in a medical insurance plan as soon as possible will help you avoid giving birth inside the three-month waiting period. Those who join a plan in anticipation of a future pregnancy are eligible for all maternity benefits provided by that plan.
Is medical aid paid in advance?
Yes, once you apply for membership, the scheme will offer you a quote detailing the terms of your membership, including the amount you’ll have to pay each month and whether or not there are any waiting periods. The monthly instalments are paid in advance.
Does Gap cover, cover dentistry?
Dentistry Gap Cover is a type of health insurance that can help you afford the routine dental care you need without breaking the bank. Every day, unexpected, accident, and illness-related dental care costs are covered, up to the policy maximum. Normal gab cover does not cover dentistry.
