Medical schemes and the high cost of late-joiner penalties

Leave it too long — or take medical aid gap years — and you may pay dearly

21 July 2019 - 00:06 By CHARLENE STEENKAMP

One of the most onerous underwriting tools in the hands of medical schemes is the late-joiner penalty, which can be as high as 75% of your medical scheme risk contribution — and may apply for the full duration of your scheme membership...

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