National Treasury has published the benefit increases for health insurance policies that fall under the Long-term Insurance Act (LTIA) and Short-term Insurance Act (STIA) in terms of the Demarcation Regulations.
The 2016 regulations specify which types of insurance contracts are classified as accident and health policies under the STIA and as health policies under the LTIA and are therefore excluded from the Medical Schemes Act.
Regulation 7.2(2) of the Demarcation Regulations provides that all amounts referred to in sub-regulation (1) escalate annually, from 1 April, by the Consumer Price Index.
Click here to download the benefit increases for LTIA contracts.
Click here to download the benefit increases for STIA contracts.
