Issue link: https://www.hub.camaf.co.za/i/1541117
MEMBER GUIDE - VITAL PLUS & VITAL NETWORK 8 How are my contributions calculated? A fixed amount is payable per month per Principal member and registered dependant/s relevant to your chosen option. Contributions for these options are based on the principal member's monthly income (as defined in the Scheme Rules). Example of the VITAL PLUS monthly contribution: Monthly Income (as defined in the Scheme Rules) Contribution Rate Due Principal member R60 101 - R150 230 R4 240 R4 240 Adult dependant (1) R4 240 R4 240 Child (2) R2 160 x 2 R4 320 No Savings TOTAL MONTHLY CONTRIBUTION R12 800 Example of the VITAL NETWORK monthly contribution: Monthly Income (as defined in the Scheme Rules) Contribution Rate Due Principal member R60 101 - R150 230 R3 920 R3 920 Adult dependant (1) R3 920 R3 920 Child (2) R2 005 x 2 R4 010 No Savings TOTAL MONTHLY CONTRIBUTION R11 850 When are contributions payable? They are due monthly in arrears by the 3rd day of each month; debit orders are run on the 1 st and the 28 th of each month. What happens if I fall into arrears with payment of my contributions? Where contributions have not been paid within 15 days of the due date, the scheme has the right to suspend membership and benefits for the period after the due date. You will be notified of the default and if not paid within a further 15 days, membership may be terminated. No benefits can be paid or authorisation for admission to hospital will be given. When does my child need to pay adult contribution rates? After the age of 21 adult rates apply from the beginning of the year in which the child turns 22. What is a late joiner penalty and when can it be applied? In terms of the Medical Schemes Act, schemes may impose a penalty on members applying for membership after the age of 35 years, where they have not been a member of a registered scheme for a period of two years or more. There is a sliding scale percentage rate (from 5 - 75%) that is added to the monthly contribution applicable to the beneficiary, which remains in place permanently. CAMAF does not impose any late joiner penalties on members that qualify for membership.