Explore the Category
Joining a medical scheme when you’re young is probably the last thing on your to-do list. You’re young and healthy, so why do you need medical cover, right? Well, the answer is simple. Your future self will thank you in the years to come.
According to the Association of Certified Fraud Examiners (ACFE) SA, healthcare fraud, waste and abuse syphon huge amounts of money from the South African economy each year. One expert puts the figure at R930 million per annum.
In 2012, SARS began making adjustments to the way medical expenses were factored for tax purposes. The system at that time allowed for higher refunds for deducted medical expenses if you earned a higher income. Since then, the changes have sought to make deductible medical expenses more equal across all income levels.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?