Our News

23
Jul2023

Newsletters - August 2024

The July 2024 newsletter gives an overview of the Fund's operations in the second quarter of the year. Download Newsletters...

23
Jul2023

2023 Gemhealth AGM Booklet

2023 AGM Booklet Herewith kindly find the AGM Booklet for 2023 Download the 2023 AGM Booklet

Benefit Accumulator

The GEMHEALTH Medical aid scheme is a closed scheme; a solidarity fund build on a concept of cross subsidisation, in which young members carry the old, the healthy carry the sick and the high income earners carry the low income members. Despite the fact it being a closed scheme, it directly competes with open schemes in benefit offering to retain.

For the past few years, members through the annual roadshow have been requesting that the scheme look at options to reward members who manage their benefits efficiently. As part of the new benefit enhancements for 2019, the Board of Trustees approved the introduction of a Namdeb Benefit Accumulator effective 01 April 2019, applicable to members registered on Option 1. Download