Scheme merger approved
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