Old Mutual Medical Aid

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