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Category Healthcare
SUB CATEGORIES General  |  HIV |  Medical Schemes | 

Green light

15 November 2004 Angelo Coppola

The go ahead has been given for the amalgamation of National Medical Plan (NMP), and Momentum’s Pulz scheme.

As of 1 January 2005, the amalgamated scheme will be launched as Momentum Health Medical Scheme.

The Registrar for Medical Schemes approved the amalgamation of the two schemes on 1 October 2004. The scheme was required to submit its new rules, benefits and pricing structures for 2005.

This was done before the formal deadline and these have now been formally approved.

Anthon Swart, Head of Momentum Health Initiative, believes the new scheme has demonstrated its commitment to members by pre-emptively complying with all legislative requirements.

Quick Polls

QUESTION

As National Treasury mulls a two-bucket retirement system, mandatory contributions and preservation, regulation 28 is being amended to allow up to 40% of retirement fund assets to be invested in SA-based infrastructure… Which of the following retirement fund ‘tweaks’ would you consider most beneficial to your clients?

ANSWER

Give fund members emergency access to retirement savings
Let fund members invest 40% in infrastructure
Let fund members invest 40% offshore
Mandatory preservation when resigning from a fund
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