Gap cover and hospital cash plans here to stay

According to the new draft regulations, gap cover and hospital cash plans will continue to exist, but the selling of new primary healthcare insurance policies will probably be terminated with effect from April 1 2017 if the legislative process goes according to plan, and the final regulations become law.

The minister of health has requested a two-year exemption while research is done into developing guidelines for a low-cost benefit option to accommodate people who have these policies.

Many schemes are struggling to keep afloat with the prescribed minimum benefit regulations being enforced: these oblige schemes to pay for treatment of 270 prescribed minimum benefits at cost – and not at medical fund rates. While this continues to be enforced (and it must be said that it provides protection and peace of mind for medical scheme members), it is difficult for schemes to contain spiralling contribution costs.

Collection Partner

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Someone to understand the Internal and external environment of your business and strategically aligns the values in the activities carried out when collecting outstanding debt.   Releasing some of those funds can be cumbersome; therefore with the added expertise and technological interventions, the results can be improved.  OVAG Int, SA has the expertise and the resources to manage collections and the funder relation’s space.  From medical tariffs, coding to debt collections of all areas of non-payment, our services cover a huge spectrum of activities that will enhance your patient profile.

 

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Sources: Fin24

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