Medical schemes use reserve funds to soften contribution rises
31 October 2022 - 05:10
UPDATED 31 October 2022 - 10:06
Medical schemes are adopting a variety of strategies to return part of the cash pile accumulated during the coronavirus pandemic to members, cushioning financially strapped consumers with below-inflation increases in January or deferring hikes until later this year.
Contrary to initial expectations, most medical schemes experienced such a sharp decline in non-Covid claims that they more than offset the costs associated with the disease, allowing them to accumulate reserves...
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.