NEWSPAGES.CO.ZA HOST
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41.204.200.11
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According to the Medical Schemes Act, a medical scheme may not refuse your membership application if you are a South African citizen, but they may impose what is called a late joiner penalty. The funding model for medical schemes in South Africa is based on the principle of cross-subsidisation. Generally speaking , younger healthier members contribute for a reasonable period whilst not claiming anything major. During this period, they subsidise the higher claims of generally older more sickly membersCONTENT
This web site newspages.co.za had the following on the web page, "Medical aid schemes Late joiner penalties." Our analyzers noticed that the website said " According to the Medical Schemes Act, a medical scheme may not refuse your membership application if you are a South African citizen, but they may impose what is called a late joiner penalty." The Website also said " The funding model for medical schemes in South Africa is based on the principle of cross-subsidisation. Generally speaking , younger healthier members contribute for a reasonable. Company medical aid schemes for employees."