Cash strapped consumers need more flexibility for their healthcare and overall financial needs

Momentum Health Solutions has made the commitment to offer more health to more South Africans for less, and provides truly flexible solutions to ensure that members can use their health benefit options and related savings facilities to place more focus on where their financial needs matter the most.

As the economy continues to experience challenges as a result of the COVID-19 pandemic, flexibility is a priority for consumers who have taken a financial knock. More focus has been placed on cost reduction as the livelihood of many consumers has been affected. Momentum Health Solutions has a vast range of cost-saving health options that were developed with the needs of the low-income consumer in mind. These solutions offer financial protection, industry-leading benefits, wellbeing assistance, and costeffective day-to-day benefits.

According to media reports, South Africa’s economy is only expected to recover to pre-pandemic levels in 2025. Stats SA has shown that the economy grew by 1.1% in the first three months of 2021. Low consumer spending as a result of elevation in basic needs prices and daily unemployment has increased in an economy that was

already in a recession before the COVID-19 pandemic struck. This has left consumers under tremendous pressure to reduce expenses. It is therefore imperative that organisations drive awareness and create cost-saving health options for the cash-strapped consumer.

“Cash-strapped consumers are under considerable pressure and as such, we have ensured that we provide our members with options that are best suited for them. These offer quality, flexibility and affordable health insurance solutions that give them more health for less,” says Damian McHugh, Momentum Health Solutions Executive.

Momentum Health Solutions prides itself in providing integrated healthcare solutions and benefits ranging from medical aid cover to health insurance, savings accounts for healthcare expenses, and lifestyle improvement incentive programmes.

• Find cover that is affordable: Momentum Health4Me is an industry-leading healthcare insurance solution. Join more than 100 000 members and get healthcare cover that is more affordable than traditional medical aid.

• Be prepared for any unexpected shortfall: Momentum GapCover is another affordable way to add cover to, for instance, a hospital plan.

• Get cover that offers more: Low-income earners are offered benefits such as More4Me, which rewards them with free data for performing simple health-related tasks.

• Find cover that is flexible: 24-hour access to affordable networks of healthcare providers that deliver quality care.

• Rewarding you along the way: The Momentum Multiply programme is a rewards programme that guides, motivates and rewards you for taking everyday steps to live a better and happier life on your journey to success.

• Look out for cover that offers additional saving

facilities: The HealthSaver account can be used not only to fund healthcare-related expenses, such as co-payments, cosmetic surgery, refractive eye surgery, and vitamins, but also members’ monthly medical aid contributions, provided they have accumulated sufficient funds to do so. Members can earn up to 10% interest on their positive HealthSaver balances, based on a combination of their Healthy Heart Score and Active Dayz tm . These funds can also be used to cover medical treatments and procedures, not covered by a medical aid option.

• Lead an active, healthy lifestyle and be rewarded: HealthReturns enables families to earn savings by practising a healthy lifestyle. Family members can earn up to R3 000 per month in HealthReturns if they comply with treatment protocols, go for an annual health assessment, and are physically active.

“Momentum Health Solutions is committed to taking action that improves the health of its members, and provides peace of mind to employees, flexibility in health solutions, as well as provides optimum care at affordable prices. Our health benefit options and related savings facilities enable consumers to use their medical savings to sweep into their Retirement Annuity or even use this to fund theirchildren’s education,” says McHugh.

Damian McHugh, Executive, Momentum Health Solutions