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CMS approves framework allowing medical schemes to offer low cost benefit options from January 2016

08 September 2015 | Medical Schemes

The Council (equivalent of a Board) of the Council for Medical Schemes (CMS) at its August 2015 sitting approved the exemption framework and principles allowing for the introduction of Low cost benefit options (LCBOs) within the medical schemes industry with these options being registered before January 2016. In terms of the approved framework, medical schemes seeking to register a LCBO must apply to Council for exemption in terms of section 8(h) of the Medical Schemes Act (MSA), 131 of 1998. Furthermore, medical schemes must also apply to be exempted from complying with certain provisions of the MSA.

Medical Aids – are we in for greater pricing regulation?

07 September 2015 | General

The Council for Medical Schemes (CMS) annual report released last week provides for much reflection on the state of cover for medical expenses in South Africa. That which is most interesting is the unspoken, but intimated suggestion that the country may be moving to an environment of greater regulation of medical care pricing.

CMS releases annual report with detailed state of the medical schemes industry report

01 September 2015 | Medical Schemes

The Council for Medical Schemes (CMS), regulator of the medical schemes industry, released its Annual Report for 2014-2015 today (1 September), which includes the most comprehensive report on the private medical schemes industry in South Africa.

Brokers are essential for understanding the medical aid minefield

19 August 2015 | Medical Schemes

With many medical schemes currently finalising their benefits and contributions for 2016, it’s important for consumers to know how to manage their medical costs. Essential to this is a good relationship with a broker who has the knowledge, skills and understanding to guide you.

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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