STATUS OF MEDCOR

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STATUS OF MEDCOR
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STATUS OF MEDCOR

• APPOINTMENT OF AN INTERIM BOARD OF TRUSTEES
• THE BOARD HAS BEEN ESTABLISHED AND IS COMPOSED
  OF 12 MEMBERS
• THIS INCLUDES 6 (SIX) MEMBERS FROM THE EMPLOYER
  AND 6 (SIX) FROM THE UNIONS (POPCRU, PSA AND
  DENOSA)
• THE BOARD MUST APPOINT A PRINCIPLE OFFICER
• THIS POSITION IS TO BE ADVERTISED
• THE PERMANENT BOARD OF TRUSTEES WILL BE TRAINED
  BY AN EXTERNAL CONSULTANT

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BENEFIT STRUCTURE

• MEDCOR RULES HAVE BEEN CHANGED TO ALIGN THEM
  WITH THE REQUIREMENTS OF THE MEDICAL SCHEMES ACT
• MEDCOR WAS REGISTERED AS A MEDICAL SCHEME ON 13
  JUNE 2001
• MEMBERS ARE REQUIRED TO MAKE A CONTRIBUTION OF
  R75-00 PM UP TO THREE DEPENDANTS
• 1 MEMBER PLUS 4 DEPENDANTS WILL PAY R90-00 PM
• 1 MEMBER PLUS 5 DEPENDANTS WILL PAY R105-00 PM

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BENEFIT STRUCTURE (cont)

• LATE REGISTRATION IS DISCOURAGED AND PENALTIES
  WILL BE IMPOSED
• A RESERVE FUND OF R50 MILLION IS REQUIRED TO
  OPERATIONALIZE THE SCHEME
• INDEPENDENT SUPPORT STAFF WILL BE APPOINTED
• THIS PROCESS WILL BE EFFECTED OVER A PERIOD OF 6
  MONTHS
• THE BOARD OF TRUSTEES IS NOW WORKSHOPPING THE
  NEW MEDCOR RULES IN THE PROVINCES
• THE NEW SERVICE PROVIDER WILL BE REQUIRED TO
  SIGN A SERVICE LEVEL AGREEMENT WITH THE BOARD OF
  TRUSTEES

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SERVICE PROVIDERS

• APPOINTMENT OF SERVICE PROVIDER
• THE TENDER FOR THE NEW ADMINISTRATION AND
  MANAGED HEALTH CARE, CLOSED ON 6 FEBRUARY 2001
• 11 TENDERS WERE RECEIVED
• 5 TENDERERS WERE SHORTLISTED
• THE CONTRACT FOR THE SUCCESSFUL TENDERER WILL BE
  EXTENDED FOR 5 YEARS
• RECOMMENDATIONS WERE SENT TO THE STATE TENDER
  BOARD (STB) ON 29 MARCH 2001
• THE STATE TENDER BOARD REQUESTED ADDITIONAL
  INFORMATION FROM THE DEPARTMENT FOR THE
  RECOMMENDED SERVICE PROVIDER
• THIS WAS ACCORDINGLY PROVIDED AS REQUESTED BY
  THE STB AND WE ARE NOW AWAITING THEIR REPLY

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THANK YOU FOR YOUR TIME!!