Previously, businesses in the consumer goods industry had to make their own way in securing reliable, comprehensive healthcare cover for employees, except for a handful of enterprises.
However, by opening its doors to everyone in the industry, the Consumer Goods Medical Scheme (CGMS) is changing the status quo, widening access to the kind of benefits and value that only an industry or restricted medical aid can offer.
Backed by more than 30 years of experience, CGMS – formerly known as Tiger Brands Medical Scheme – has unsurpassed expertise and industry insight in crafting healthcare solutions that meet the evolving needs of businesses of all sizes and their employees.
What sets us apart, you may wonder? As an industry-specific medical scheme, our primary aim is the wellbeing of your workforce. CGMS provides focused attention that matches evidence-based healthcare services without compromising affordability or service excellence.
What’s all the fuss about industry specific medical aid cover?
Granted – there are plenty of options out there, but therein lies the problem. With so many medical aids open to absolutely anyone, identifying the right fit and value for your healthcare rand can be a real challenge. An industry specific medical aid, on the other hand, exclusively serves the employees of specific groups of employers, unlocking numerous advantages.
There are some pretty significant numbers to back this claim up, which you can find in one of our earlier blog posts: “Unlocking health security”. But for now, here is a snapshot of why going industry-specific is the best thing you can do for your people:
| Industry specific schemes | Open schemes |
| Lower contribution increases due to reduced non-healthcare costs and a more stable membership base. | Higher contribution increases due to greater non-healthcare expenditure and an aging or less stable membership. |
| Better value benefits, as expenditure is focused on healthcare, where it is most needed. | Retention of members can be a challenge, driving costs. |
| Employers can represent employee interests on the Board of Trustees and can influence benefits and contributions based on changing needs. | Employees do not have a high level of representation on the Board of Trustees. |
A growing legacy of industry excellence and inclusivity
While CGMS is dedicated to the consumer goods industry, we recognise that the hardworking men and women have varying needs, as do their dependants. The Scheme, therefore, offers four carefully tailored benefit options, ensuring that all employees can access high-quality, affordable healthcare. Furthermore, the Scheme’s product design ensures that every income bracket within member companies is accommodated, allowing for much-needed inclusivity in healthcare access.
In such a resilient, forward-thinking industry that continues to demonstrate growth and innovation, a healthy workforce is essential. CGMS provides harder working healthcare solutions at every level of the supply chain, supporting the wellbeing and productivity of the consumer goods industry, end to end.