COVID 19

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Medical Schemes Act Amendment: COVID-19 declared a Prescribed Minimum Benefit

12 May 2020 | Healthcare

Pursuant to a circular published by the Council of Medical Schemes ("the CMS") on 26 March 2020 ("the Circular"), declaring COVID-19 a prescribed minimum benefit, as that term is defined in the Medical Schemes Act No. 131 of 1998 ("the MSA"), the Minister of the Health has amended the MSA to align with the Circular.

Retrenchment still a last resort in COVID-19 crisis

12 May 2020 | General

Amid forecasts that up to four million jobs could be lost in South Africa in 2020, employers in their droves are facing up to the grim prospect of embarking on retrenchments. What these employers need to remember is that before they can retrench, they are legally bound to consider alternatives to retrenchment.

Embracing the new “normal” post lockdown in South Africa

12 May 2020 | General

Risk experts agree, post lockdown and post Covid-19 we will all need to embrace the new normal to succeed and survive this pandemic – in business, as an economy and in our personal sphere of influence.

Plans to use medical scheme reserves to fund premium holidays will not fly

12 May 2020 | Healthcare

The hope harboured by some healthcare brokers and financial advisers that medical schemes might dip into reserves to subsidise premiums for their struggling clients has been largely dismissed. And recent interactions with the likes of Discovery Health and Momentum Health suggest that assistance to scheme members will be funded by other means.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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