Scheme merger ap­proved

Weekend Argus (Saturday Edition) - - GOODWINES -

The merger be­tween Lib­erty Med­i­cal Scheme and Medi­cover has been ap­proved, the two schemes an­nounced this week.

The schemes an­nounced in Septem­ber that they were in talks about a merger and mem­bers were asked to vote on a merger pro­posal.

The merger, which will take place on Jan­uary 1, also had to be ap­proved by the Reg­is­trar of Med­i­cal Schemes.

Af­ter the merger, the scheme will be known as Lib­erty Med­i­cal Scheme. It will be the fourth-largest open scheme in the coun­try, cov­er­ing 200 000 lives.

An­other scheme, Medi­help, said in a state­ment this week that a me­dia re­port sug­gest­ing that it and Lib­erty Med­i­cal Scheme were to merge was in­cor­rect.

Mean­while, Oxy­gen Med­i­cal Scheme has in­formed its mem­bers that it is in merger talks with an­other well-es­tab­lished scheme.

“The scheme with which we would part­ner is in a strong fi­nan­cial po­si­tion with solid, healthy re­serves, and an amal­ga­ma­tion would there­fore be of ad­van­tage to Oxy­gen and its mem­bers,” a state­ment from the scheme says.

The merger part­ner will be named only once the par­ties have reached an agree­ment.

Oxy­gen’s prin­ci­pal of­fi­cer, James van Vught, has re­signed. Wayne Pole has been ap­pointed as the act­ing prin­ci­pal of­fi­cer.

Oxy­gen says it will release its ben­e­fit changes later this year and will al­low mem­bers un­til the end of De­cem­ber to make their op­tion se­lec­tion for next year. – Laura du Preez

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