MEDIMED made a surplus of R8.5 million as at 31 December 2012 and the scheme’s reserves as at this date is R124 million (101.72%). (The requirement from the Registrar of Medical Schemes is 25%).
The average annual increase for 2014 will be 6.63%, which is below wage and salary increases.
We trust that the scheme will continue to perform this well in 2014.