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Medical aid rates have increased above inflation for a number of years. In addition, food prices have also increased by at least 10%, fuel prices are volatile, and salary increases are typically lower than inflation.
Millennials may question the need to have medical cover, as they consider themselves to be fairly healthy, active and may not have existing chronic medical conditions.
With South Africans officially in lockdown due to the COVID-19 pandemic, many people are concerned about their financial situation and are looking to tighten their belts.
The strongest deterrent against FSP compliance missteps is or should be: