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The Role of Solvency in Medical Schemes - Alexander …
- https://www.alexanderforbes.co.za/benefits-barometer/articles/the-role-of-solvency-in-medical-schemes
- This requirement was introduced in 2000 and medical schemes had four years to reach the level of 25%. The graph below shows the regulatory required solvency level, along with the actual solvency levels within the industry. Restricted schemes …
CMS Annual Report 2021/22 Highlights: Solvency Summary
- https://www.linkedin.com/pulse/cms-annual-report-202122-highlights-solvency-
- At the end of 2021, the medical schemes industry had an overall solvency of 46.73%. The open- and restricted schemes had average solvencies of 39.61% and …
Guideline for the preparation of a business plan …
- https://www.medicalschemes.com/files/Guidelines%20and%20Manuals/GFPBP_MedicalSchemeNotMeetingStatutorySolvency.pdf
- the minimum required solvency level of 25%. 2.2. Medical scheme summary 2.2.1 Background information in respect of the medical scheme The scheme should provide a …
CMS Annual Report 2021/22 Highlights: Solvency Summary
- https://www.linkedin.com/pulse/draft/AgFxZW_ojoV9MgAAAYWqW8aKoOsRqx6UeSUY-f3jWhLDdtnnj2QzM6qk0YwQh3YmEo0aYh8
- Medical schemes in South Africa are required to maintain their solvency ratios at levels of at least 25%. The medical scheme industry’s ratio continuously exceeds this …
Circular 68 of 2015: The review of the Solvency Framework
- https://www.medicalschemes.com/files/Circulars/Circular68Of2015.pdf
- The graph above shows the solvency level of medical schemes from 2000 up to 2014. It also shows the inflation adjusted average risk contribution and net result per average …
Solvency Ratios – the challenges, debate and proposed solutions …
- https://www.fanews.co.za/article/healthcare/6/medical-schemes/1078/solvency-ratios-the-challenges-debate-and-proposed-solutions/21096
- The Medical Schemes Act No 131 of 1998 requires that medical schemes, ‘shall at all times maintain its business in a financially sound condition’. This means that …
Medical schemes' financial soundness key to ensuring …
- https://www.medicalbrief.co.za/medical-schemes-financial-soundness-key-to-ensuring-sustainable-cover/
- The 2019 HMI report noted that: “The current solvency requirement [for medical schemes] is also out of line with other South African Prudential requirements: …
Medical aid solvency ratios need to change
- https://www.bizcommunity.com/Article/196/320/151391.html
- The debate about the solvency ratio for medical aids is nothing new. The legislated requirement of 25% needs to be revisited to move away from the one …
Lifeline talks for 38,000 people hit by Health Squared …
- https://www.timeslive.co.za/news/consumer-live/2022-08-23-lifeline-talks-for-38000-people-hit-by-health-squared-medical-schemes-liquidation/
- The Medical Schemes Act requires schemes to maintain a minimum solvency level of 25% as a buffer against an unexpected surge in claims, but Health …
Another SA medical scheme is facing solvency issues
- https://www.moneyweb.co.za/news/south-africa/another-sa-medical-scheme-is-facing-solvency-issues/
- The Transmed Medical Scheme has failed to maintain its solvency ratio at or above 25%, the minimum statutory prescribed level in the Medical Schemes Act. This …
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