n Personal Finance Newsletter - Medical aid savings accounts - changes are coming : medical funding

Volume 2005, Issue 300
  • ISSN :



Extracted from text ... MEDICAL FUNDING Medical aid savings accounts - changes are coming Many medical schemes incorporate a savings element that is designed to cover the cost of day-to-day medical costs. These are set to change from the beginning of 2006. MEDICAL schemes incorporating savings elements (known in the industry as Medical Savings Accounts or MSA's) were introduced some years back to provide the member with greater flexibility and a degree of control over their day-to-day medical costs. The attraction of a MSA for many people is the fact that you could determine how much you needed for day-to-day costs, and fund ..

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