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14 October 2010

Momentum and Ingwe merge

Momentum Health has become the fifth largest medical scheme in South Africa with the transfer of Ingwe Health Plan to Momentum Health medical scheme.

Momentum Health has become the fifth largest medical scheme in South Africa with the transfer of Ingwe Health Plan to Momentum Health medical scheme, recently approved by the Registrar of the Council for Medical Schemes (CMS).

"Together the two schemes achieve greater economies of scale, setting the platform for an even stronger scheme that is better-positioned as a more influential industry player going forward. The Scheme now has a greater risk pool and combined reserves, which bears good news for its members. As Ingwe Health Plan, like Momentum Health, is administered by Momentum Medical Scheme Administrators (MMSA), the transfer was completely seamless." 

 
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