Amalgamation

This webpage aims to equip you with all relevant information about the proposed amalgamation of NMAS with Bonitas. It will be updated as more information becomes available.

 

Amalgamation update – 18 October 2021

Message from Julia

Dear Member

Excitement is building around the Employers’ offering of compulsory medical aid with choice, and members can soon select their preferred medical scheme and plan option for 2022.

While communication from the Employers and Alexander Forbes covers all the medical schemes and options available, as a Scheme we will focus mainly on Bonitas, as they are our selected amalgamation partner. This does not mean that you will be restricted to Bonitas.

It is important that you take the time to use all the decision-making tools that will be provided to you over the next weeks, so that you can make an informed choice about the medical scheme and option best suited to you and your family’s needs.

You will have between 18 October and 26 November to make your choice. Alexander Forbes Health will be sending out detailed communication, and there will be both online and onsite roadshow sessions to explain members’ options and how to go about exercising choice.

This update offers you links to a range of tools and resources to help you with your decision.

If you are satisfied with the default option for your NMAS Plan, you do not need to do anything, and you will automatically be moved to the default Bonitas Plan.

Yours in health
Julia

 

Tools to help you decide

This calculator will show you your default Bonitas option, plus your family’s contributions, compared to that of your Bonitas default option. It also shows you what your contributions would be on the two Bonitas options closest to your default option. Click here to use the calculator.

This website offers you more details about the contributions and benefits of all the medical schemes and options available to you. Click here to visit the website.

A range of online and onsite roadshows to explain all the options available to members, and address questions. See more information about, and links to, the roadshows here.

Click here to see how Bonitas can add value to transferring NMAS members.

This website offers detailed information about Bonitas Medical Fund, and the full range of options offered by Bonitas. Click here to visit the Bonitas website.

Recap: Why the Scheme chose Bonitas as amalgamation partner


NMAS members will become members of a very large, financially stable and sustainable scheme.
The equivalent Bonitas benefit options offer a good fit with the NMAS Traditional, Savings and Hospital Network benefit options, which make up 91% of the current NMAS membership.

NMAS members will have a range of fourteen benefit options to choose from to suit their specific individual requirements, as opposed to the only five benefit options available under NMAS. The NMAS participating employers have appointed advisors to assist members with the election of a suitable benefit option under Bonitas.
The NMAS Savings Plan covers oncology treatment only in terms of PMB, whereas BonSave covers all oncology to an annual limit of R344 500 per family, and BonFit Select to an annual limit of R166 500 per family.

The administrative transfer of NMAS members to Bonitas should be relatively seamless since both schemes are administered by the same administrator and have substantially the same managed care providers.

  • Specifically, the registration of NMAS members on chronic medication or a managed care program will automatically be transferred to Bonitas and NMAS members will therefore not have to re-register for these.
  • Similarly, members on treatment plans such as an oncology treatment plan, will be able to continue with their treatment plans without any changes.
  • NMAS members will also not be required to complete new membership application forms, as all membership details will automatically be carried over to Bonitas. Only members who want to elect a benefit option other than the default option, would need to complete a form to elect their chosen option.
Please note that there are also disadvantages to the amalgamation, affecting smaller and very specific groupings of members. Read more about these in the exposition document.

 

Roadshows: have your 2022 questions answered

We can appreciate that members may have a lot of questions about the amalgamation and how it will affect their future benefits and contributions.

Alexander Forbes, who is assisting the Employers in this process by offering advice to members to choose between the options available to them, will be sending out detailed information to all members – please be on the look-out for this from 18 October 2021.

As the Scheme, we will also send you communication aimed at helping you to make an informed decision about your medical scheme options.

Roadshows will be held throughout the country both virtually, and onsite at certain Nedbank, Old Mutual Insure (OMI) and Alexander Forbes sites. Please see the schedule below and save the date!

VIRTUAL SESSIONS

Hosted by Alexander Forbes, covering an overview of all schemes and options available:

18 October 10:00 – 11:00 Click here to join the session
27 October 09:00 – 10:00 Click here to join the session
2 November 13:00 – 14:00 Click here to join the session
11 November 07:30 – 08:30 Click here to join the session
15 November 14:00 – 15:00 Click here to join the session
24 November 16:30 – 17:30 Click here to join the session
26 November 09:00 – 10:00 Click here to join the session

 
 

Hosted by Bonitas, covering specifically Bonitas options and benefits, for Nedbank employees:

18 October 12:00 – 13:00 Click here to join the session
28 October 10:00 – 11:00 Click here to join the session
4 November 07:30 – 08:30 Click here to join the session
11 November 14:00 – 15:00 Click here to join the session
16 November 11:00 – 12:00 Click here to join the session
23 November 16:00 – 17:00 Click here to join the session

 
 

Hosted by Bonitas, covering specifically Bonitas options and benefits, for OMI employees:

18 October 12:00 – 13:00 Click here to join the session
27 October 11:00 – 12:00 Click here to join the session
3 November 09:00 – 10:00 Click here to join the session
10 November 10:00 – 11:00 Click here to join the session
15 November 15:00 – 16:00 Click here to join the session
25 November 10:00 – 11:00 Click here to join the session

 

ALEXANDER FORBES ONSITE SESSIONS – FOR BOTH EMPLOYED AND PENSIONER MEMBERS

These sessions will be hosted at various Alexander Forbes sites across the country, from 9:00 to 15:00 each day.

GAUTENG

21 October
25 October
4 November
10 November
15 November
25 November
Alexander Forbes Sandton, 115 West Street, Sandown
29 October
11 November
26 November
Alexander Forbes Pretoria, 180-197 Amarand Ave, Waterkloof Glen

 

KWAZULU-NATAL

22 October
27 October
3 November
10 November
17 November
22 November
Alexander Forbes Umhlanga, Ridge Office Estate, 10 Torsvale Cres, Torsvale Park, La Lucia

 

WESTERN CAPE

26 October
3 November
10 November
17 November
22 November
Alexander Forbes Cape Town, Block A, The Boulevard, Searle Street, Woodstock, Cape Town

 

EASTERN CAPE

27 October
11 November
Alexander Forbes Port Elizabeth, 256 Cape Rd, Greenacres, Gqeberha
28 October
11 November
Alexander Forbes East London, 1st Floor Shortmill House, The Quarry, Berea, East London

 

FREE STATE

27 October
11 November
Alexander Forbes Bloemfontein, 101 Olympus Drive, Pentagon Park, Bloemfontein

 

NEDBANK ONSITE SESSIONS – FOR NEDBANK EMPLOYEES ONLY

These sessions will be hosted at various Nedbank sites countrywide and will be open to Nedbank employees only. Unless specified otherwise, these sessions will be open from 9:00 to 15:00 each day. Covid protocols will be in place. Remember to pre-screen before you go.

BUILDING DATES
135 Rivonia 19 October
2 November
16 November
23 November
105 West 28 October
17 November
Newtown Junction 20 October
26 October
9 November
22 November
Lakeview 22 October
18 November
Menlyn Maine 27 October
12 November
Kingsmead 19 October
2 November
16 November
23 November
Park Square 06:00 – 19:00
20 October
26 October
9 November
24 November
Pietermaritzburg 21 October
19 November
Clocktower 2 November
23 November
Plattekloof 22 October
18 November
Breda 16 November
Stellenbosch 17 November
George 19 November
270 Cape Road 2 November
16 November
Polokwane 10 November
Bloemfontein 29 October
24 November
Rustenburg 12 November
Nelspruit 18 November

 

OLD MUTUAL INSURE (OMI) ONSITE SESSIONS – FOR OMI EMPLOYEES ONLY

These sessions will be hosted at the following OMI sites and will be open to OMI employees only. Unless specified otherwise, these sessions will be open from 9:00 to 15:00 each day. Covid protocols will be in place. Remember to pre-screen before you go.

BUILDING DATES
Parktown 3 November
8 November
19 November
Pretoria 17 November
Westville 5 November
18 November

 

Outcome of vote and next steps

The majority of member votes were in favour of amalgamation.

Thank you to each member who took the time to study the communication that the Scheme sent out about a proposed amalgamation with Bonitas Medical Fund, and especially to those who took an active part in voting.

Seventy five percent (75%) of the NMAS Scheme members who voted, voted in favour of amalgamation.

The next step is a formal period for inspection of the exposition document by all stakeholders.

As part of the regulatory process, the exposition document is open for inspection for 21 days from 5 August to 3 September 2021. It will then be open for comment for a further 21 days from 6 September to 5 October 2021. The exposition document is available on the following websites:

If you have any objections and/or comments about the amalgamation, you may email these – by no later than 5 October – to one of the following email addresses:

The timing of the proposed amalgamation is out of the Scheme’s hands.

Although the intention is for the amalgamation to be finalised in time for members to move across to the new medical scheme on 1 January 2022, this will depend on the regulatory authorities making their decisions within certain time frames. If necessary, we will continue with the Scheme as a going concern into 2022, until such a time that we can move members across to their new medical scheme. We will keep you informed of progress every step of the way.

We will continue to keep you updated.

Even though this change is a welcome one to most members, any change is stressful, especially if it is coupled with uncertainty. The Trustees and Scheme management are also not sure of the exact timing of certain events, since so much depends on the actions of the regulatory authorities. What we are certain about, however, is that we will share all relevant information with you as soon as we have it available. If you have any questions about the proposed amalgamation that you need answered in the meantime, please email me at julial@nedbank.co.za.

Employer communication

It is currently extremely difficult to get printed communication to pensioners without email addresses. We will post all updates from the employer in this section so that we can send an SMS with a link and hopefully reach more members.

Nedbank update – 20 July

Old Mutual Insure update – 20 July

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