0861 492 492
- South Africa
- Durban
- Consultants
- SPECTRAMED
SPECTRAMED - Durban
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Most people make the common mistake of thinking that medical aid is “medical insurance”. Yes it is a form of insurance, but it differs in that firstly, medical aid societies are ‘not for profit’ organisations. Unlike typical secular business houses, they are not structured to make money out of the business it conducts. However to protect members interests, medical schemes are required to retain 25% of the gross income as a reserve against future claims.