TymeBank is expanding. Not in terms of territories, as it has done previously, but rather with its offerings as the digital bank is now able to provide medical insurance via a new entity called TymeHealth.
Launched this week in collaboration with National HealthCare Group, TymeHealth is an app-based solution that will offer medical insurance from R139 per month.
“Our country has a population of just over 60-million people, and the dire reality is only one in seven South Africans have access to medical aid, and most people cannot afford private healthcare. With TymeHealth, an initiative in collaboration with the National HealthCare Group, we are making it possible for more South Africans to have access to affordable, quality healthcare,” highlights Tauriq Keraan, TymeBank CEO, in a press release sent to Hypertext.
“Medical aid is simply too expensive for most working people, and generally, unless it is included as an employment benefit, is out of reach for the majority. Until such time as the private healthcare sector does its part to remove this very real hurdle, accessibility to private healthcare will remain but a pipedream for many individuals,” adds Dr Reinder Nauta, executive chairman of National HealthCare Group.
TymeHealth is therefore designed to help address this. The new medical insurance product comprises three plans, each designed for different life stages or needs. The plans particularly focus on the needs of underinsured South Africans or those looking for a supplementary day-to-day product to complement their existing hospital plan.
Consumers wanting to apply for TymeHealth need to do so using the TymeBank app and must sign up as customers, with iOS, Android and HMS versions available.
They are then prompted to choose the plan and once the application is successful, membership is activated through their mobile device.
There is access to over 12 000 registered healthcare providers, including GPs, pharmacies, dentists, optometrists, specialists and hospitals countrywide via the National HealthCare Group provider network.
To find out more about TymeHealth, head here.
[Image – Photo by Derek Finch on Unsplash]
