The Old Mutual Staff Medical Aid Fund

The Old Mutual Staff Medical Aid Fund offers its members eight different plans that range from comprehensive options with a wide variety of services, to low-cost options that cover only major medical events.

The Fund provides medical cover to you and your dependants for a wide range of medical services, prescribed medicine and medical events, such as hospitalisation and surgery.

Old Mutual Staff Medical Aid Fund (OMSMAF), referred to as “the Fund”, was registered as a medical scheme in terms of Section 24(1) of the Medical Schemes Act 1998 with effect from 13 February 1969.

The Fund is registered as a restricted, closed medical scheme, with membership restricted to Old Mutual employees. It currently has approximately 32 000 lives under its care.

The Fund is managed by the Board of Trustees that consists of 10 members. The appointed administrator and a managed care provider is Universal Healthcare (Pty) Ltd, effective 1 July 2019.

The Board of Trustees

Board of Trustees consists of five members appointed by the Employer and five member-elected Trustees. The Trustees are responsible for the proper and sound management of the Fund in terms of the Medical Schemes Act and Regulations, other legislation and the Rules of the Fund.

  • The Audit Committee
  • The Clinical Risk Committee
  • The Remuneration and Nomination Committee
  • The Working Committee
  • The Benefits Review Committee
  • The Investment Committee
  • The Risk and Governance Committee
  • The Ex-Gratia Committee
  • The Principal Officer is the executive officer of the Fund, who must ensure that the decisions and instructions of the Board of Trustees are carried out in line with current legislation.

    The Principal Officer also ensures there is a healthy working relationship between the Fund, the Employer and the Administrator.

    Annual General Meeting (AGM)

    An AGM is held every year during June to approve the Annual Financial Statements (AFS), appoint Trustees, appoint the Auditor for the ensuing year, and to discuss any other matters brought by members.All Members are invited to attend and 30 members of the Fund present in person shall constitute a quorum.

    Annual General Meeting (AGM)

    An AGM is held every year during June to approve the Annual Financial Statements (AFS), appoint Trustees, appoint the Auditor for the ensuing year, and to discuss any other matters brought by members.All Members are invited to attend and 30 members of the Fund present in person shall constitute a quorum.