Medical aid hikes to take bigger chunk of your salary
Your contribution increase will depend on your option and the number of dependants
Medical scheme members and their employers should brace for a 10% increase in their contributions in 2020, outpacing the annual general inflation rate by 4.6%, according to Aon SA, which advises employers on employer-provided medical benefit costs.
This means your salary increase is likely to be lower than the increase in your contributions as it is more likely to be based on inflation, or lower if your employer is struggling. This means your contributions will take a bigger chunk of your salary in 2020. ..