Medical aid for as little as R130 a month
Council for Medical Schemes outlines work on regulatory framework for schemes to offer low-cost benefit option
Allowing medical schemes to offer cheap, pared-down packages limited to basic primary health-care services could cost as little as R130 a month, and enable at least 2.3-million low-income workers to enter the market, according to a draft report released by the industry regulator (https://www.medicalschemes.co.za/latest-publication/circular-53-of-2022-request-for-public-comments-on-low-cost-benefit-option-framework-report-and-risk-assessment-roadmap/) on Thursday.
The report synthesises the work of an advisory committee established by the Council for Medical Schemes to devise a regulatory framework for schemes to offer cheaper packages called low cost benefit option (LCBO)s. The framework includes an exemption from provisions in the Medical Schemes Act that require schemes to provide cover to all its beneficiaries for a costlier basket of health-care services, known as prescribed minimum benefits (PMBs)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.