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Demographics as at 31 March 2006
The following tables give the demographics of the Fedhealth Medical Scheme, as
well as financial details of this scheme.
| Demographics as at 31 March 2006 |
| Date scheme implemented |
Formerly Reef Medical Scheme started in 1936 |
| Principal members |
77 123 |
| Total dependants |
100 881 |
| Total no. of lives covered |
178 004 |
| Dependent ratio |
1.30% |
| Average age (principal members) |
46 |
| Pensioner ratio |
10% |
| Chronic percentage |
14.4% |
| Claims ratio |
82% |
| Financial |
| Rate structure |
Risk premium
Fixed savings level per option
Out-of-Hospital Expenses Benefit (OHEB) |
| Average contribution |
R1 438,25 (including savings) |
| Increases over the past five years |
2006 - Average 5,5%
2008 - Average 12,9%
2007 - Average 9,8%
2006 - Average 5,5%
2005 - Average 6,6%
2004 - Average 14,8% (2,5% reserve building)
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| Global credit rating (as March 2007) |
AA- (full report available on request) |
| Reserves |
R439 000 000 |
| Solvency ratio (as of 31 August 2007) |
26,9% (including savings)
30,1% (excluding savings) |
| Administration fees as a percentage of
contribution |
10% |
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| JOBS | | Senior Secretary
Gauteng - North/Sandton
| Infrastructure Resource
Gauteng - Johannesburg
| Management Accountant
R450,000-500,000 Per Annum Cost To Company
Gauteng - Johannesburg
| Financial Manager
R350,000-400,000 Per Annum Cost To Company
Gauteng - Johannesburg
| Financial and Project Accountant
R300,000-360,000 Per Annum Cost To Company
Gauteng - Johannesburg
| Financial Accountant
R380,000-420,000 Per Annum Cost To Company
Gauteng - Johannesburg
| SSIS Business Intelligence Specialists (SSIS; SSAS)
R350,000-500,000 Per Annum Cost To Company
Gauteng - North/Sandton
| Financial Accountant
R350,000-450,000 Per Annum Cost To Company
Gauteng - South
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