Month: March 2017

Healthcare expenditures that medical aid funds do not cover

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The objective of medical aid cover is to guarantee access to essential healthcare, for fund members. However, there are threats to the sustainability of private healthcare coverage, such as affordability. Healthcare costs increase at rates which are substantially higher than the general inflation rate and that may require member contributions to increase each year. The Read more about Healthcare expenditures that medical aid funds do not cover[…]

His Excellency Dr Hage Geingob, President of the Republic of Namibia, has unveiled the Harambee Prosperity Plan

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As we are all aware, His Excellency Dr Hage Geingob, President of the Republic of Namibia, has unveiled the Harambee Prosperity Plan (HPP). The HPP provides an opportunity for every Namibian to rally towards a common goal, which is to achieve prosperity within a given timeframe. In the true Harambee spirit, I am equally excited Read more about His Excellency Dr Hage Geingob, President of the Republic of Namibia, has unveiled the Harambee Prosperity Plan[…]

Roles and responsibilities of Members of Pension Funds

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Members of Pension Funds need to understand the duties of Pension Fund officials and how their work impacts them. An understanding of the responsibilities of different Fund Officers will allow members to know what to expect from these officials and allow them to exercise their rights as Pension Fund members. The Pension Funds Act of Read more about Roles and responsibilities of Members of Pension Funds[…]

Medical aid funding and how contributions are utilized

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A medical aid fund may be defined as a fund to which a large number of people contribute, to help with unexpected medical expenses when needed. Medical aid fund members collectively pool their risk against the very real likelihood of incurring medical expenses that would otherwise be difficult to pay out of their own pockets. Read more about Medical aid funding and how contributions are utilized[…]