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Members of Bonitas Medical Fund, the second-largest open scheme in the country, will see low increases in their medical aid premiums going into 2015, with the average increase coming in at 7.2%. The Standard option will see an increase lower than inflation at 5.7% while all other options will increase by 9.8%.
The incidence of cataract surgery is escalating at an unprecedented rate due to an ageing population and cataract surgery being performed on patients at an earlier age.
As one of the larger medical schemes in the country, Fedhealth's vision for this coming year is geared to maximising member value through innovation and by managing the risk pool.
Genesis Medical Scheme is confident to announce that its 2015 average contribution increase of only 5.3%* will once again lead the industry as the lowest average increase coupled with substantial benefit increases for the third consecutive year.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?