Jul 27, 2017 Last Updated 2:30 PM, Jul 26, 2017

MASM Hikes Scheme Prices

MASM Hikes Scheme Prices Image sourced at masmw.com
Published in Local News
Read 214 times
Rate this item
(0 votes)
Tagged under

The Medical Aid Society of Malawi (MASM) has increased its medical scheme prices by 25 percent, effective the first of September this year.

Among other schemes, VIP Scheme members will be paying MK21, 000 from MK16, 800 while dependants will be paying MK18, 000 from MK14, 400.

Executive Scheme membership fee has risen from K9, 000 to MK11, 250 while dependants will move from K 8,400 to K10, 500.

Econo-plan scheme currently at MK 3,000 will be at MK 3,750.

In a statement, MASM Chief Executive Officer Sydney Chikoti attributes the increase to the pressure on its resources and sustainability brought about by the revision of the benefit package at the beginning of this year.

Chikoti mentions that the decision to implement a no short fall package has prompted some members to move from their traditional service providers like CHAM facilities or nominated General Practitioners where MASM has favourable negotiated tariffs to more expensive private hospitals and facilities.

He admits the development has led to losses in the first half of the year as claims far exceeded the contributions collected consistently every month.

3 comments

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Dannie Grant Phiri Daniso Dannie Grant Phiri

RT @WezieNyirongo: The country’s Veep Saulosi Chilima says speedy conclusion of court cases will help to reduce congestion in prisons @Capi

1 hour, 7 minutes ago Reply Retweet Favorite
Dannie Grant Phiri Daniso Dannie Grant Phiri

RT @WezieNyirongo: The Government justifies its preference of using foreign transporters to carry fuel into Malawi @CapitalFMMw @Chinsisika

1 hour, 7 minutes ago Reply Retweet Favorite
Osuluma Natchengwa Osuluma

"@CapitalFMMw: Will #Malawi's Asian community ever be recognised? Most of them have British passports.

8 hours, 25 minutes ago Reply Retweet Favorite
Osuluma Natchengwa Osuluma

"@CapitalFMMw: Will #Malawi's Asian community ever be recognised? have they accepted that Malawi is their home???

8 hours, 26 minutes ago Reply Retweet Favorite
Radio Bae YouKnowNicole Radio Bae

RT @catalinamloza: @YouKnowNicole @CapitalFMMw @panther_rix Zoona??? That's great...more chairs too...and tellers should occupy all booths 😄

8 hours, 39 minutes ago Reply Retweet Favorite

Find Us on Facebook