The Old Mutual Staff Medical Aid Fund

The Old Mutual Staff Medical Aid Fund (OMSMAF) offers its members a choice of eight different plans to suit individual budgets and meet every healthcare need, ranging from comprehensive options to straightforward hospital plans.

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The Fund is registered as a restricted, closed medical scheme, with membership available only to Old Mutual employees and their dependants. It currently has approximately 29 000 lives under its care.

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

The 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 Board of Trustees

The Board of Trustees consists of five members appointed by Old Mutual 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. This also includes the following committees:

The Audit Committee

The Clinical Risk and Ex-Gratia Committee

The Remuneration and Nomination Committee
The Working Committee

The Benefits Review Committee

The Investment Committee

The Risk and Governance Committee

The Marketing and Communications Committee

The Benefits Review Committee

The Investment Committee

The Risk and Governance Committee

The Marketing and Communications Committee

The Principal Officer

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, Old Mutual and Universal Healthcare.

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 coming year, and to discuss any other matters raised by members. All members are invited to attend and 30 members of the Fund present in person shall constitute a quorum.

2022 ANNUAL GENERAL
MEETING (AGM) DOWNLOADS

 

OMSMAF AGM PROXY FORM

OMSMAF agm booklet 2021

ANNUAL FINANCIAL STATEMENTS

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