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Medical aid and the VAT increase unpacked

12 March 2018

Since the announcement of the 1% Value Added Tax (VAT) increase by the Minister of Finance last month, there has been much debate around its impact on consumers and just how this will affect the money left in their pockets at the end of the month. With the revised general fuel levy, it’s clear that consumers will have to tighten their belts and adhere to stricter budgets.

Resolution Health’s solvency strengthened as membership grows

06 March 2018

Prudent management of resources sees scheme reaching new heights.

Bestmed Medical Scheme announces decision not to pass on the increased VAT burden to its members

06 March 2018

The latest amendment to the Value-added Tax (VAT) Act relating to the increase in VAT rate from 14% to 15% will be implemented effective 1 April 2018. As of, service provider tariffs such as doctors, specialists and hospitals, all medicines and consumables billed to medical schemes will increase by 1%.

Making your medical benefits last

29 January 2018

As each new year begins medical aid members start with a clean slate, with new benefits and replenished savings available. ‘If you manage your medical expenses correctly you can avoid out-of-pocket expenses and limit the possibility of running out of benefits,’ says Gerhard Van Emmenis, Principal Officer of Bonitas Medical Fund.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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