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Medical aid brokers – is the commission model wrong?

The Medical Schemes Act, 1998 (Act No 131 of 1998) prescribes that commission payable, by a medical aid scheme to a healthcare broker, must be based on monthly contributions payable by the member.


With effect from 1 March 2015, the rate of commission has been adjusted to 3% of monthly contributions up to a maximum of R75.00 plus value added tax (VAT), per month.
The effect of this injudicious legislation may, in certain instances, create a perverse incentive for brokers to “sell” the most expensive benefit options to their clients so as to earn the maximum commission.
To read more on this controversial topic, click here:
http://www.gmed.co.za/blog/entry/medical-aid-brokers-the-commission-model-is-wrong

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