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More employers ditch compulsory medical aid membership, and young people aren't voluntarily joining | Business

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Employers are giving their workers an option to choose if they want to be part of medical schemes. It's not good for the industry, given the stagnation of the medical scheme population in SA in the past decade. | News24_Business

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During the presentation of Sanlam Corporate's annual retirement benchmark survey report, Simeka also flagged that an increasing number of younger people are deferring medical aid purchases until later in their careers, even if they are employed full-time. This is because an increasing number of employers are not forcing their staff members to become part of medical schemes comes when the industry is already grappling with a stagnant market.

 

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