Discovery Medical Aid is the biggest medical aid scheme in South Africa. This medical aid scheme is administered by Discovery Health and the scheme covers more than 2.5 million lives, which gives them a market share of 51% in the open medical schemes.
Discovery Health medical aid scheme has, and has sustained for the past twelve years, a global credit rating of AA+ and is the only open medical aid scheme that has been able to achive this. It is the highest possible credit rating in South Africa. The member reserves stand at R8.2 billion, which should be another show of Discovery Medical Aid’s financial stability.
Discovery Medical Aid is governed by a board of trustees, as other open medical aid schemes are. The main focus of this board is to innovate and improve products as well as sustain the scheme and provide better strategies for business.