Medical scheme members’ Covid-19 contribution relief is very limited
The Council for Medical Schemes says medical schemes can grant relief, but it has decided not to grant a blanket exemption allowing them to offer contribution holidays
24 April 2020 - 13:39
Contribution relief for medical scheme members in financial difficulty as a result of the coronavirus crisis is limited and will only apply to members who have surplus funds in their medical savings accounts or who work for small businesses.
The Council for Medical Schemes announced last week that schemes will grant relief, but it has decided not to grant a blanket exemption from medical scheme regulations allowing schemes to offer contribution holidays, such as those banks are offering customers with loans and credit cards...
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