Health Squared On Their Own
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Health Squared members on their own as transfer talks collapse
(4 days ago) WEBB L Premium. 01 September 2022 - 12:15. by Tamar Kahn. The medical scheme regulator’s attempt to broker an 11th-hour deal to transfer members of Health Squared to other schemes without waiting
Category: Medical Show Health
Press Release 13 of 2022: The collapse of Health …
(Just Now) WEBIn addition to this, Health Squared stated that it experienced substantial member loss which led to a solvency decline which by the end of July 2022 was at 2.15% and was projected to be between 0.2% and …
https://www.medicalschemes.co.za/collapse-of-health-squared/
Category: Health Show Health
Health Squared Medical Scheme members face …
(4 days ago) WEBCMS registrar and CEO Sipho Kabane said the regulator tried to persuade these schemes to accept Health Squared members …
Category: Health Show Health
Health Squared clients must scramble to find alternative
(6 days ago) WEBBut now Health Squared members are left to negotiate alternative medical cover on their own. Health Squared took the industry by surprise two weeks ago by applying to the high court for voluntary
Category: Medical Show Health
Health Squared liquidation: regulator intervenes to help members
(3 days ago) WEBHealth Squared, a small open scheme with about 48 000 members, is expected to cease business on August 31, leaving members stranded without cover. Read “Health Squared Medical Scheme applies to
Category: Medical Show Health
Regulator gets its way on the fate of Health Squared - BusinessLIVE
(9 days ago) WEBRegulator gets its way on the fate of Health Squared. B L Premium. 11 September 2022 - 17:20. UPDATED 11 September 2022 - 23:10. by Garth Theunissen. Health Squared, the embattled medical scheme
Category: Medical Show Health
Press Release 9 of 2022: Health Squared members urged to wait …
(4 days ago) WEBAs the CMS was identifying a suitable curator, Health Squared Medical Scheme approached the High Court in terms of Section 51 of the MSA for leave to apply for the voluntary winding up of the scheme in the interest of its members, as contemplated by Sections 51(5)(e) and 53 of the MSA. Overall, Health Squared lost 19.1% of its …
Category: Medical Show Health
Health Squared members on their own as transfer talks collapse
(6 days ago) WEBThe collapse of talks means about 23,000 beneficiaries of Health Squared are now left to their own devices to secure alternative cover after the scheme’s shock announcement on August 18 that it was seeking voluntary liquidation and would cease paying claims from the end of August. Such an arrangement would have protected …
https://dispatch.pressreader.com/article/281801402782811
Category: Health Show Health
FAQ on Health Squared Medical Scheme
(1 days ago) WEB1. Contributions are payable in advance – will members be liable to Health Squared on the new scheme on 1 September? According to the letter issued by Health Squared to members, members will be covered for their claims arising from health events up until 31 August 2022, provided that their contributions have been duly paid.
https://www.medicalschemes.co.za/faqs-on-health-squared-medical-scheme/
Category: Health Show Health
Health Squared Medical Scheme applies to be wound up
(5 days ago) WEBIn regard to Health Squared’s age profile, the letter states that as at 31 July 2022, the scheme had an average beneficiary age of 49.7 years, which is 16.1 years higher than the medical scheme
Category: Medical Show Health
Members face penalties, waiting periods following Health Squared
(4 days ago) WEBThe CMS industry report for 2021 (released on 18 October) showed Health Squared’s solvency ratio fell to just 6.04%, against a prescribed minimum solvency ratio of 25%. The CMS said in August that the scheme’s solvency ratio had dropped to 2.15% by the end of July and was projected to be between 0.2% and 2.3% by year-end, reports …
Category: Health Show Health
Health Squared Medical Scheme placed under provisional
(9 days ago) WEBThis follows Health Squared Medical Scheme, which has about 48 000 members and was formed in 2018 through the amalgamation of two long-standing medical aid providers, Resolution Health and
Category: Medical Show Health
Did Health Squared orchestrate its own liquidation? - Moneyweb
(6 days ago) WEBCMS cautioned Health Squared in November 2020 for non-compliance with the approved 2020 business plan, because the marketing fees exceeded the R11.9 million budget by R20.3 million, the non-health
https://www.moneyweb.co.za/news/south-africa/did-health-squared-orchestrate-its-own-liquidation/
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Health Squared granted leave to apply to wind up its business
(3 days ago) WEB05 September 2022 - 17:42. by Tamar Kahn. The high court in Johannesburg has granted Health Squared Medical Scheme leave to apply for voluntary liquidation on September 27, but has yet to decide
Category: Medical Show Health
No solutions tabled yet by Health Squared medical scheme
(5 days ago) WEBThe CMS put Health Squared’s financial woes down to its high proportion of elderly members. “The average membership age was 47.1 — 32.7% higher than the 2021 open schemes industry average of
Category: Health Show Health
Health Squared: What Now? - Rare Diseases SA
(9 days ago) WEBRare Diseases South Africa (RDSA) has been inundated with calls over the weekend from panicked members of Health Squared Medical Scheme (Health Squared) following their notice of voluntary liquidation. This situation is an unusual scenario in the Medical Schemes environment, with Health Squared not being able to reach an …
https://www.rarediseases.co.za/post/health-squared-what-now
Category: Medical Show Health
Health Squared extends lifeline to most vulnerable members
(Just Now) WEB01 September 2022 - 19:07. by Tamar Kahn. The trustees of troubled medical scheme Health Squared have extended a lifeline to members with grave health conditions, agreeing to cover their claims
Category: Medical Show Health
World of pain for Health Squared members, despite a break for
(8 days ago) WEBRELATED: Health Squared collapse: Council talking to other schemes re migrating members Health Squared had initially announced that it would not cover claims after 31 August, affecting almost 24
Category: Health Show Health
Medical scheme merger hits members’ pockets - IOL
(Just Now) WEBHealth Squared offers a comprehensive which allows individual clients to customise their in-hospital cover, fund their own medical savings account via healthy behaviour and effectively void
https://www.iol.co.za/personal-finance/insurance/medical-scheme-merger-hits-members-pockets-18889612
Category: Medical Show Health
Health Squared extends lifeline - Business Day (2022-09-02)
(9 days ago) WEBDuring this time, members pay their contributions in full, but have only partial cover, exposing them to the risk of large medical bills they must pay out of their own pockets. Kabane’s talks with medical schemes collapsed late on August 31, leaving Health Squared members with no choice but to choose new schemes themselves.
https://timesmedia2.pressreader.com/article/281513639973720
Category: Medical Show Health
Health Squared client receives go-ahead to undergo crucial
(7 days ago) WEBA Health Squared medical scheme client's family had to take extraordinary steps to ensure that an emergency medical procedure was covered by her medical scheme. cover on their own. In many
Category: Medical Show Health
Health Squared gets leave to apply for voluntary liquidation
(2 days ago) WEBBusinessLIVE article – Health Squared members on their own as transfer talks collapse (Restricted access) See more from MedicalBrief archives: Health Squared spent millions on non-essentials as membership shrank, court papers show . Health Squared medical aid scheme applies to be wound up . Spectramed and Resolution …
https://www.medicalbrief.co.za/health-squared-gets-leave-to-apply-for-voluntary-liquidation/
Category: Medical Show Health
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