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All open medical schemes – except one – have solvency ratios far above the required minimum
And the solvency ratio of the restricted Transmed Medical Fund continued to fall in 2022.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreAnd the solvency ratio of the restricted Transmed Medical Fund continued to fall in 2022.
Preliminary data released by the Council for Medical Schemes highlights key trends in the industry last year.
With reserves reaching R8.8 billion, can members expect that very low contribution increases will automatically follow?