Finweek English Edition - - COVER -


Core benefits.

BY LIESL PEYPER Barry Rykaart, in­de­pen­dent health­care con­sul­tant at CureMED, sug­gests that you con­sider th­ese fac­tors be­fore you choose a med­i­cal aid: The av­er­age age of mem­bers of the fund – the older the mem­bers of the fund, the higher the claims per­cent­age. The size of the fund and the avail­able num­ber of funds per mem­ber – big­ger is not nec­es­sar­ily bet­ter. A ‘smaller’ med­i­cal scheme with higher re­serves may be fi­nan­cially health­ier than a larger scheme with lower re­serves.

The av­er­age rate of pre­mium in­creases. Mem­bers’ ra­tio of claims ver­sus what they pay in pre­mi­ums. The scheme’s sol­vency ra­tios – by law med­i­cal schemes are re­quired to have 25% cash re­serves.

Sta­bil­ity of the ben­e­fit struc­ture.

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