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ABSA Health Care Consultants

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Tel: +27 (0) 12 674 8800
Fax: +27 (0) 12 663 8673
Postbox:
P O Box 1085
Centurian
0046
  • Calculation of liabilities, including AC116 calculations with regard to medical aid subsidies
  • Restructuring of medical aid subsidy liabilities
  • Contribution table calculations
  • Calculations with regard to the pre-funding of liabilities
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From The Glossary »

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Age Nearest Birthday:

The age, expressed as an integral number of years, of an insured policyholder, which spreads over the period from six months prior to a birthday to six months after a birthday. For example, an individual is ‘age 35 nearest birthday’ from the time he is thirty-four and six months of age until the time he is thirty-five and six months of age.
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