Self Managed Fund
A flexible medical aid funding solution designed for corporates with the resources and membership base to manage employee healthcare risk.
About Self Managed Fund
This product is designed for corporates that ordinarily have the resources, as well as a large membership base, to carry the risks of medical aid services for their employees.
Member organisations are able to define their own benefits, with guidance from FLIMAS, allowing the scheme to be structured around the organisation’s workforce needs and healthcare objectives.
Due to the nature and volatility of claims, reinsurance arrangements can be engaged for the group risk to help protect the fund from depletion by one or two major claims such as accidents and surgeries.
Ideal For
- Large corporates with a sizeable membership base
- Organisations seeking customised benefit structures
- Employers able to fund employee healthcare directly
- Groups requiring transparent scheme performance reporting
Reinsurance Support
Reinsurance helps protect the fund from large unexpected claims, accidents, surgeries, and high-claim events such as epidemics.
Scheme Management
FLIMAS provides membership administration and adjudicates claims on behalf of the member organisation.
Monthly Insights
Members receive regular reports on scheme performance, claims experience, workforce wellbeing indicators, and key ratios.
Simple, Transparent Structure
The member firm provides the medical fund.
FLIMAS provides membership administration.
FLIMAS adjudicates claims on behalf of the member firm.
Ready to Get Started?
Speak to our team today and find the right Foundation package for your needs.