Medical plan contribution?
By Marc Sevitz · Updated
What do you mean a separate bank account, who do you pay it to?
OK, the employer deducts R425.00 off my gross salary and also contributes R425.00 (total amount per month towards the medical plan is R850.00). The employer then keeps the money in a separate bank account that is linked to the organisation for the benefit of employees.
Basically it works in the following way: if you fall sick or have a health problem you would go to the doctor of your choice, pay cash for whatever service rendered by the doctor/health care provider/pharmacist etc, keep the receipts and claim back the monies used every second month.
Basically it works in the following way: if you fall sick or have a health problem you would go to the doctor of your choice, pay cash for whatever service rendered by the doctor/health care provider/pharmacist etc, keep the receipts and claim back the monies used every second month.
You cannot claim this as a medical aid contribution as the scheme is not registered. You can claim this amount as out of pocket medical expenses.