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Two medical schemes fail to maintain prescribed solvency ratio | SA News

Two medical aid schemes – Medihelp and Compcare – failed to maintain their solvency ratios at or above 25% in 2024, the minimum statutory level prescribed in the Medical Schemes Act.

This is revealed in the Council for Medical Schemes (CMS) Industry Report 2024, released last week.

Read: Trio of medical aids fail to maintain required liquidity [May 2025]

The report shows that Medihelp’s solvency ratio was 33.93% in 2022, deteriorated to 23.84% in 2023, and fell further to 20.99% in 2024.

Compcare Medical Scheme’s solvency ratio deteriorated from 25.14% in 2023 to 21.83% in 2024.

The report states that 4.93% of…

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