Personally Yours Corner: Jarrod Higgs

  1. How long have you been at Bestmed?
    I started on 1 July 2020, so almost a full year at Bestmed!
  2. What encouraged you to join Bestmed?
    Initially, the drive was a new and exciting employment offer. However, what has kept me at Bestmed are the charitable initiatives for the local communities,

Men’s Health

Data from StatsSA shows that between 2002 and 2020, the life expectancy of males in South Africa increased from 59.9 years to 64.6 years, and for females from 67.2 to 71.3 years. Compared to women, men have shorter life expectancies and are typically less likely to visit a doctor.  Many take better care of their cars or favourite tech gadget than their bodies –

Tax Matters

It’s that time of the year again. Bestmed members will receive member tax certificates on Tuesday, 8 June 2021. These will be sent via email and post and will be accessible via the self-service platforms.

To make the process as seamless as possible, please encourage your Bestmed-member clients to update their contact details on the Bestmed App,

Vaccine Myths

A topic that is on high rotation at the moment, understandably, is our national vaccine rollout.

As we previously communicated, South Africa kicked off Phase II of the national COVID-19 vaccination programme earlier this month. In this phase, around 16.5 million South Africans will be prioritised for vaccination based mainly on their age.

Personally Yours Corner – Njabubulo Nhlabathi

Meet Njabubulo Nhlabathi. Njabulo recently joined Bestmed as a Business Consultant.

  1. How long have you been at Bestmed?

I have been at Bestmed for two (2) months having started in March this year.

  1. What encouraged you to join Bestmed?

Bestmed is highly spoken of in the financial advisor space.

CMS Updates

The Council for Medical Schemes (CMS) recently published Notice 214 of 2021 which announced that the regulator intends to set revised guidelines regarding the selection of dedicated service providers as well as co-payments.

As a Scheme, we welcome robust and transparent engagement, and are actively participating in engagements and discussions around this topic.

Medical Savings 101

Bestmed Medical Scheme, like some other medical schemes, offer personal medical savings accounts (PMSAs) on certain benefit options. Below are some FAQs from our members to help you answer some of your client’s burning questions.

  1. What is a personal medical savings account?

A PMSA, is a benefit account established in the name of the relevant member.

Qualification Requirements for CMS Accreditation

The Financial Sector Conduct Authority (FSCA) recently provided clarity to Financial Services Providers (FSPs), key individuals, representatives, and compliance officers regarding the qualification requirements for CMS accreditation.

In terms of section 65(1) of the Medical Schemes Act 131 of 1998 (MSA), no person may act or offer to act as a broker unless the CMS has granted accreditation to such person.

A reminder of new business cut-off dates

We regard you, our advisors, as vital to the Scheme’s operations and overall business. Because of this, we want to make your portfolio management as seamless and efficient as possible. Please be reminded of the following cut-off dates for the registration of new business.

Registration will be allowed in the following cases:    

  1. If a clean application form with no outstanding information is received on the cut-off day and activation has not taken place,