News
Source: Fourways Review, 19 November 2004.CHOOSE MEDICAL FUNDS WITH
CARE
Employees of local authorities once again have a choice of six
approved medical funds, binding for two years. "This decision should not
be made lightly," said Barry Kruger, chief executive of Munimed, one of
the six approved funds from which employees can choose.
"Factors such as the medical benefits offered by a particular fund,
as well as proven sound administration, should tip the balance in such a
decision." He said employees should look beyond the cost of membership.
"People could save themselves a lot of hardship and perhaps also money
if they paid more attention to factors such as the quality of service
rendered by the fund administrator," he added. "Products or member
contributions can often be very attractive on paper, but fall far short
when it comes to the actual healthcare benefits for a member and his or
her family." He said in some cases the fund administrator did not even
effectively meet the minimum service requirements prescribed by
legislation. "In addition to good benefits at affordable rates, the fund
administrator also plays a decisive role in this regard," says Kryger.
Employees of local authorities have until November 30 to choose a
medical fund. |
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