The medical schemes regulator says it will temporarily relax rules to allow the industry to implement measures aimed at retaining members in the face of Covid-19, which threatens the affordability of cover for employers and consumers alike.

The Council for Medical Schemes (CMS) has issued an industry circular saying medical schemes can apply for exemptions to the Medical Schemes Act to launch lifelines such as contribution holidays, or access their medical savings accounts to cover premiums. The R160bn medical scheme market covers about 8.9-million members, most of whom are subsidised by their employers...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now