How do I setup a Medical Aid scheme?
This feature is available on all PaySpace editions
A variety of Medical Aid Schemes are available to choose from on the Medical Aid Setup screen. Select and configure the relevant scheme according to the company’s requirements.
Navigate > Config > Payroll > Administer Payroll Funds > Medical Aid Setup
A list of created Medical Aid schemes will be reflected on the history grid at the bottom of the screen.
Important
- If the required Medical Aid Scheme does not appear on the database, send the scheme's documents and reference number to support@payspace.com for further assistance.
- It is recommended that the effective year be set to 1950 in order to include the oldest employee in the company.
- Certain Medical Aid Schemes require a calculation to be defined.
- If the company contributes towards the Medical Aid scheme, ensure that the percentage is recorded on this screen.
Related FAQ
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