6.2 Medical Scheme Analysis

The aim of the analysis of a medical scheme is to select a portfolio of medical schemes and options that the broker feels are sustainable, as well as provide good benefits and value. The analysis furthermore will provide an understanding of the benefits and...

6.1 Introduction

In order for a broker to advise a client, a continuous process of evaluation of medical schemes needs to be undertaken. Medical schemes usually may adapt the rules and contributions for a new benefit year. This may impact on the suitability to the needs or...

5.7 Tax Treatment of Medical Savings Account

Withdrawals from the MSA for purposes other than relevant health service are taxable. Transfer of funds to the member from the MSA after cancellation of membership of the medical scheme is taxable. Transfer of the MSA to an MSA of another medical scheme when changing...

5.5 Exclusions

Medical schemes make provision in the rules for a list of exclusions. There will be no benefits available for the services listed under the Exclusion List. The exclusion list of scheme options (Annexure C of scheme rules) deals with limitation of entitlements....