The medical schemes regulator is in urgent talks with seven of SA’s biggest open medical schemes to absorb Health Squared members, who were sent scrambling for alternative cover after it announced on Friday that it was seeking voluntary liquidation.
The stakes are high because the schemes need to balance the interests of their current members against those left stranded by Health Squared’s unprecedented move...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Regulator CMS in urgent talks to secure cover for Health Squared membersThe Council for Medical Schemes has urged Health Squared members not to make rash decisions while it speaks to medical schemes Health Squared are not releasing Membership Certificates. Members are unable to apply for new medical aid’s without the Certificate.
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »
Lifeline talks for 38,000 people hit by Health Squared medical scheme's liquidationAffected members urged not to look for alternative cover now as they may be burdened with penalties and exclusions. The writer has it totally wrong as the administrator’s office is fully functioning!
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »
Medical Schemes regulator to fight Health Squared’s efforts to close shopMedical scheme says its position is so precarious it could be insolvent by year-end
Source: BDliveSA - 🏆 12. / 63 Read more »