Have you at some point been unhappy with the way your medical scheme is run? Well, you can voice your concerns and opinions at your scheme’s annual general meeting. Your recommendations and ideas may even save you and other members of the scheme some money.
The Council for Medical Schemes (CMS), the regulator of the industry, reminded members of this right this week and points out that participating in a scheme’s annual general meeting is a right afforded to members in terms of the Medical Schemes Act.
Sipho Kabane, the acting CEO and registrar of the CMS, says: “It is important that members actively participate in the affairs of their schemes, and use this opportunity to make their voices heard. By so doing, members can influence the course taken by schemes on issues affecting their continued access to quality healthcare. It is the right thing to do.”
Information regarding the dates of the annual general meetings of different medical schemes is published on the CMS’s website, medicalschemes.com, and updates can be found on the regulator’s Facebook page and on Twitter.
AS RECESSION LOOMS, IT’S VITAL TO HAVE A FINANCIAL PLAN
The Financial Planning Institute of Southern Africa is advising investors and consumers to create a financial plan and stick to it in light of a potential recession. It highlights that the recent political turmoil in the country has caused havoc in the markets, this time with “serious consequences”.
Godfrey Nti, CEO of the institute, says: “Economic storm clouds are gathering. Ever more analysts and investment strategists are mentioning the dreaded word ‘recession’. They are talking about higher inflation and interest rate increases. It is an alarming situation, but consumers and investors will survive the troubled times if they approach their finances with prudence.”
He adds: “South Africans are heavily in debt, as reported in media earlier this month, to such an extent that some have started to pawn assets to keep their cash flow going.
“Many people think that only the ‘wealthy’ or top earners are able to access financial advice. However, it is our goal to change this perception. Certified financial planners have the skills and expertise to guide and support any consumer and investor.”