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Following receipt of numerous requests from the public to provide clarity on the implications of the recent Constitutional Court judgment regarding the correct accounting treatment of medical schemes members’ personal savings accounts (MSA); the Council for Medical Schemes (CMS) would hereby like to provide an explanation on how scheme members with a medical personal savings account are affected by the ruling.
To read the article, please click here.
Aquilla Financial Solutions are with the Council for Medical Schemes (CMS) who has noted the Constitutional Court judgement on the appeal matter brought by Genesis Medical Scheme against the Registrar of Medical Schemes and the CMS. The ruling in favor of Genesis Medical Scheme that funds in medical scheme members’ personal medical savings accounts (PMSA) can be treated as assets of a medical scheme, has huge implications for members of schemes who have benefit options that include a savings account. To read more please click here.