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Most medical aids have launched their benefits and premium contributions for 2017 and, as in the past, the increases passed on to members are double figures, which outstrip inflation.
The Council for Medical Schemes (CMS), regulator of the medical schemes industry, released its Annual Report for 2015-2016 today (14 October), which includes the most comprehensive report on the private medical schemes industry in South Africa.
SAMWUMED announces benefit improvements and premium increases
Bestmed, the fourth largest open medical scheme in South Africa, announced its average gross contribution increase of 10.98% for 2017 at their broker launch presentation for the year ahead, held in major cities on 7th October 2016.
The strongest deterrent against FSP compliance missteps is or should be: