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The Botswana Medical Aid Funds ANNUAL REPORT 2019
EXECUTIVE SUMMARY In 2019, there were five medical aid funds in Botswana registered with the NBFIRA, the same as in 2018. Of the five medical aid funds registered with the Non-Banking Financial Institutions Regulatory Authority (NBFIRA) in Botswana, four are members of the Board of Healthcare Funders (BHF) and submitted data for the preparation of this report. These four funds represent approximately 95% of the lives covered by medical aid funds in Botswana. There were 327 500 beneficiaries covered by these four funds in 2019, up from 309 500 in 2018 – representing an increase of 5.8%. The average family size in 2019 was 2.32. The average age of beneficiaries in-
Beneficiaries (of the four funds)
creased slightly from 29.43 in 2018 to 29.52 in 2019, while the pensioner ratio increased marginally from 2.68% in 2018 to 2.89% in 2019. Across the four funds, there were 30 benefit options in 2018 and 29 benefit options in 2019. The average number of options was therefore 7.25 in 2019. The average option size (by number of beneficiaries) increased by 9.5% from 10 317 in 2018 to 11 293 in 2019. The funds received gross contributions of P1.92 billion in 2019, up from P1.76 billion in 2018, an increase of
GROSS CONTRIBUTIONS
GROSS expenditure
5.8%
9.2%
9.4%
327 500 (2019) 309 500 (2018)
P1.92bn (2019) P1.76bn (2018)
P1.64bn (2019) P1.50bn (2018)
PREPARED BY The BOARD OF HEALTHCARE FUNDERS NPC
