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Company Medical Aid Schemes for Employees

Company Medical Aid Schemes for Employees

Members of medical aid schemes in South Africa are grappling more than ever before with their annual contribution increases that have been, for more than a decade now, above both inflation and salary increases. The interim solution for many people is to “buy down” on their medical aid cover in order to offset the difference between what they can afford and the above inflationary cost increase of their medical aid cover (move to a cheaper benefit option that may offer less cover). Alternatively, they cancel their medical aid policy altogether.

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