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Tag Archives | Medical Schemes

Workshops

Advanced training workshop – Council for Medical Schemes training for accredited brokers

The Council for Medical Schemes (CMS) will be hosting an advanced training programme workshop for accredited healthcare brokers in the Gauteng Province. Participants are requested to register on-line and submit proof of payment to the email provided above, by 15 February 2019. Please include your current BR number as your reference number. Each participant must have a […]

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Medical-Schemes

Medical Schemes

– Adjustment of broker fees The Council for Medical Schemes published Circular 4 of 2019 containing the details of the increase in broker fees. Regulation 28(2) published in terms of the Medical Schemes Act, now effectively reads as follows: “Subject to sub-regulation (3), the maximum amount payable to a broker by a medical scheme in […]

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annual-report

CMS Annual Report 2016/17

The Council for Medical Schemes (CMS), regulator of the medical schemes industry, released its Annual Report for 2016-2017 on 5 October, providing a comprehensive report on the status of the private medical schemes industry in South Africa. Some of the interesting statistics in the report include: Number of medical schemes and beneficiaries The total number of […]

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medical-aid

Healthcare Commission Increase

The Council for Medical Schemes announced a 9.6% increase in the maximum commission payable to registered healthcare brokers. This puts them on par with government employees who also receive increases way above the inflation rate. The new maximum is R80, or 3% of contributions, whichever is the lesser. Nogal! I joined the financial services industry […]

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Healthcare Draft Regulations a “Death Spiral”

Business Day recently quoted Professor Alex van den Heever, chairperson of Social Security at Wits University as saying that the National Treasury’s latest proposals are “…poorly drafted and threaten to send the medical schemes industry into a death spiral.” According to the report, Professor Alex van den Heever, chairperson of Social Security at Wits University, […]

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Medical Schemes Brokers Fee Increase

The Minister of Health has determined that the current capped maximum fee of R69 plus VAT will increase to R71,07 plus VAT with effect from 1 February 2014. This increase of 3% should go a long way in helping advisors to cover the ever increasing cost of staying in business, and being compliant. The latter […]

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Demarcation Proposals Under Fire

The proposals by National Treasury to find a solution to what it regards as a threat to medical schemes did not find favour with all in the industry. An article in the Financial Mail quoted a number of reactions from industry experts who felt that the retraction of the proposed ban on gap cover and […]

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