PI-MAF-DIR-01-2017 – Gym rebates and other wellness benefits provided by Medical Aid Funds (2)

NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY

DIRECTIVE

NO : PI/MAF/DIR/01/2017

TO : PRINCIPAL OFFICERS OF ALL REGISTERED MEDICAL AID FUNDS

FROM : REGISTRAR OF MEDICAL AID FUNDS

EFFECTIVE DATE : 15 DECEMBER 2017

CC : The Board of Trustees of all registered Medical Aid Funds

Namibian Association of Medical Aid Funds (NAMAF) Administrators of all registered Medical Aid Funds Chairperson of the NAMFISA Appeal Board

SUBJECT : GYM REBATES AND OTHER WELLNESS BENEFITS PROVIDED BY MEDICAL AID FUNDS

1. This Directive is issued pursuant to the Namibia Financial Institutions Supervisory Authority’s (“NAMFISA”) Board of Appeal judgement which was delivered on 14 December 2017, in relation to the appeal lodged against Directive PI/MAF/DIR/01/2017 (attached hereto for ease of reference) insofar as Funds were given until 31 December 2018 to comply with the aforementioned Directive.

2. By order of the NAMFISA Board of Appeal, paragraphs 5.3 and 5.4 of the aforementioned Directive is struck and substituted with the following:

“ 5.3. That the medical aid funds are herewith directed to comply with Section 1 of the Medical Aid Funds Act, with immediate effect.”

Tel: +264 61 290 5000, Fax: +264 61 290 5157, PO Box 21250, Windhoek, Namibia, 154 Independence Ave, Sanlam Centre, www.namfisa.com.na

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3. The Registrar therefore requires full cooperation and support in this process by all medical aid funds and stakeholders at large.

Should you require more clarity on this Directive, kindly contact the Manager of the Medical Aid Funds and Friendly Societies Department at telephone number 061-290 5167 or via e-mail at: ltjiueza@namfisa.com.na, alternatively the acting Head of Legal Services at telephone number 061-290 5228 or via e-mail at: nswarts@namfisa.com.na.

Kenneth S. Matomola