HealthSaver

The HealthSaver account lets you save for medical expenses such as co-payments, cosmetic surgery, vitamins and procedures that are excluded on your option, provided you have accumulated sufficient funds to do so.

Not only can you choose the amount to contribute, according to your own needs and pocket, but seamless integration with your medical scheme means it is the most convenient way to pay for treatments and procedures not covered by your option.

HealthSaver can be added to your medical scheme to give you access to even more benefits.

Brochure and form

What makes HealthSaver unique and different to your medical scheme savings account?

Medical scheme savings account HealthSaver
Limited to a fixed maximum contribution per month Totally flexible; based on your needs and level of affordability
A medical savings account that forms part of your Scheme benefits cannot be changed during the year Savings values can be changed throughout the year, as and when required
Can only be used for Scheme-defined day-to-day expenses Payment of any healthcare expenses, including treatments that are otherwise excluded by your Scheme option; co-payments and benefits where limits have been reached
Where can you use your HealthSaver account funds?

Any healthcare claims not covered by your medical scheme benefits, including co-payments on claims and benefits where limits have been reached, can be claimed back from your HealthSaver. The product seamlessly integrates with your medical scheme and will pay claims from your HealthSaver account once your scheme benefits or medical savings have been depleted.

How does it work?

If you wish to provide for additional day-to-day healthcare expenses by contributing monthly to your HealthSaver account, you get to choose how much, and can easily change that amount.

You can also contribute any lump sum amounts in addition to monthly payments. No transaction or administration fees are charged so you enjoy the full value of every rand you contribute. Cash withdrawals and transfers are not allowed, but the balance in this account would be paid out to you after six months, if you cancel your Pick n Pay Medical Scheme membership or HealthSaver account.

Dynamic interest rates linked to your health

You can earn up to 10% interest on your positive HealthSaver balance.

The interest you earn on your positive HealthSaver balance is based on your Healthy Heart Score and Active Dayz or fitness assessment.

What do you need to do?

Be active, go for your health assessment and follow the compliance rules.

What does this mean for you?