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Question
Posted by: Mthimbana | 2004/10/13

Savings from media aid

Our company decided that we are going to change our medical aid
from NMP to Descovery health care as at 2005. Is it true that the legislation said tha savings wiil be tranfered to the new scheme.What happen if the scheme does not applied savings.

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Our expert says:
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Yes Savings must be transfer from one scheme to another. Usually three months after you became a member of the new scheme

Your second scenario is that they than must pay you back any savings left

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