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Taking care of valued staff is good for business.
The Council for Medical Schemes (CMS), regulator of the medical scheme industry, would like to warn the public to act with caution when dealing with Lungile Precious Myeza (Ms Myeza). Ms Myeza is not accredited in terms of the Medical Schemes Act, No. 131 of 1998 (MSA) to render broker services as a healthcare broker.
Imagine a situation where a family member has a heart attack. There’s so much emotional trauma to deal with and then you get the bill for the bypass. Luckily, you have medical aid and heart attacks classified as a prescribed minimum benefit (PMB). Does that mean your scheme will pay in full? Maybe, but maybe not.
Lack of flexibility regarding their unique healthcare needs is listed as the single biggest concern of medical scheme members. Jeremy Yatt, Principal Officer of Fedhealth Medical Scheme, explains that while medical schemes are generally limited by legislation from personalising benefits in a way the market would ideally prefer, over the last six months Fedhealth has carried out extensive research among its member base to see how far it can go. It is poised to respond to the call from members that they want to be in control; they want flexibility and they want choice.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?