Late Joiner Penalty
Late Joiner Penalties? Medical Aids are strictly controlled by legislation and are no longer allowed to turn down an applicant. They can only impose the following underwriting.
A Late Joiner Penalty can be imposed on members over the age of 35. Depending on the number of years that they have not belonged to a medical aid, a Late Joiner Penalty will be added to the member’s monthly contribution. It is worked out as a percentage of the contribution as shown in the table below and is based on the total number of years a member has not been on a medical aid since the age of 35 years.
- Members that have not belonged to a medical aid scheme before
- Members that have allowed more than 90 days break since resigning from their previous medical aid
- A 3 month general waiting period may be imposed
- 12 month condition specific waiting periods may be imposed on pre-existing conditions
- A Late Joiner Penalty may be imposed
- Members who have belonged to a previous medical aid scheme for less than 2 years and allowed less than 90 days break since resigning from their previous medical aid
- 12 month condition specific waiting periods may be imposed on pre-existing conditions that have occurred in the last 12 months
- Late Joiner Penalties may be imposed
- Members who have belonged to a previous medical aid scheme for more than 2 years and allowed less than 90 days break since resigning from their previous medical aid
- Late Joiner Penalties may be imposed
