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Times are tougher than ever and many households are looking for ways to ease their financial burdens, and that includes the risks of out of pocket health costs.
Inflation rates were at 10-year highs in 2022, resulting in budgets being stretched if not broken. Since then, the projections for 2023 were indicative that the cost of living would continue to escalate well above salary and wage increases.
The slow grind to a low-cost benefit option (LCBO) medical scheme framework looks set end some time in 2023, if the message in the latest Council for Medical Schemes (CMS) media release can be trusted. In a statement issued just three days before Christmas 2022 the medical schemes regulator promised that draft LCBO Guidelines will see the light of day early in the New Year, which the writer assumes will mean before the end of June.
While it is not possible to predict a preterm birth, some risk factors can increase the chances of a baby being delivered before full term, and the parents of a premature infant should expect that their baby will more than likely need some form of medical intervention to survive.
The strongest deterrent against FSP compliance missteps is or should be: