Western Cape Business 2017 edition

INTERVIEW
Member-oriented
scheme strengthened
by high reserves
Christo Becker, Principal Officer of Selfmed, shares some
insights on the medical insurance industry.
Christo Becker
BIOGRAPHY
After completing his studies in
1996, Christo worked as a paramedic
in Cape Town and Port
Elizabeth (where he was seconded
to run the Eastern Cape
operation for Netcare911). He
furthered his career in healthcare
when he was appointed as
hospital manager for a hospital
in the Netcare Group. Christo
went on to manage a number
of other hospitals before joining
Selfmed Medical Scheme as the
Principal Officer in 2014.
Please provide an overview of Selfmed, including the
history and size of the organisation.
Selfmed Medical Scheme was established 50 years ago and it is one
of the older schemes in South Africa.
Providing coverage for about 8 000 principal members and 13 000
beneficiaries, we are one of the smaller schemes and we focus on providing
individual attention to our members. Our size allows us to do this.
Could you outline the different schemes?
Members are able to choose one of five medical aid options:
Selfnet – this entry-level product is our most affordable as it covers a
narrow band of benefits.
MedXX1 – a hospital plan that extends beyond the prescribed minimum
benefits and pays out at 100% of scheme rates for covered
in-hospital treatment and in-hospital doctor’s consultations.
Selfsure – an option that provides in-hospital and out-of-hospital
benefits and is a great choice for a family with young children.
Med Elite – a broader hospital plan that covers additional conditions
including greater coverage for oncology expenses, hip, knee and
back operations.
Selfmed 80% – 80% of bills relating to a wide range of conditions
are covered.
What is the solvency ratio of Selfmed and how does this
compare to other medical aid schemes?
Selfmed has a solvency ratio of 118%, which is way more than the 25%
mandatory requirement. We are one of the top schemes in the country
in terms of our reserves.
What differentiates your offerings from those of your
competitors?
Selfmed has a very strong member focus. As someone who has
previously worked as a paramedic and a hospital manager, I’m
passionate about healthcare. All of us share the passion and want
WESTERN CAPE BUSINESS 2017
68