PROPOSED AMALGAMATION – 1 AUGUST 2019

PROPOSED AMALGAMATION – 1 AUGUST 2019

Further to our last communication regarding the proposed amalgamation between Topmed and Fedhealth, I am pleased to advise that the intention is to amalgamate with effect 1 August 2019, subject to the relevant authorities’ approval.

Topmed Proposed Amalgamation update

Topmed Proposed Amalgamation update

As mentioned in our previous communication, the Members of both schemes needed to vote on the proposed amalgamation. Good news!
The majority of Members who voted, both from Topmed and Fedhealth, voted in favour of the amalgamation.

Topmed Medical Scheme and Fedhealth Medical Scheme

Topmed Medical Scheme and Fedhealth Medical Scheme

The past few years have seen a number of debates and developments in the medical scheme industry. When the regulators introduced the then new Medical Schemes Act some twenty years ago they left out two most critical components to support the survival of schemes. These were “compulsory membership” and “a risk equalisation funding model” which would ensure that the young and healthy lives participate in the system.

Discovery Keycare

Discovery Keycare

Discovery has confirmed that they will not change the income brackets and premiums for the KeyCare Plus premiums as published previously, the premiums for 2019 will look as follows for the different income categories:

Greenlight

Greenlight

The rand is battered and bruised and customers are surely feeling the pinch. Let’s not even speak of the hike after hike in the petrol price and the country being in a technical recession after two quarters worth of negative growth. Although there were very few positives from the medium term budget speech, the good news is that tax remains largely unchanged.

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