Why it is important to attend your medical aid’s annual general meeting

  •   by Medihelp
  •   07 June 2016
  •   61 view(s)
Medihelp encourages its members to participate in the Annual General Meeting (AGM) by casting their votes and attending the AGM, which will be held in Pretoria at the CSIR Convention Centre on 23 June 2016 at 15:00.

The Council for Medical Schemes (CMS) also says on its website that medical scheme members are encouraged “to take charge of their health by attending their scheme’s Annual General Meeting (AGM)”. Members have the opportunity at an AGM to make their voice be heard on matters concerning their medical aid.

What will be discussed at Medihelp’s AGM?
An AGM typically deals with the following matters, which will also be discussed at Medihelp’s upcoming AGM:
1. The annual financial statements of the medical aid
2. The annual report of the medical aid
3. The appointment of external auditors
4. The election of members to serve on the board of trustees
5. Trustee and principal officer remuneration
6. Motions and proposals relating to the scheme’s rules, as well as other matters of concern raised by the members.

Why is it important for members to attend the AGM?
At the AGM, members get feedback from the chairman of the scheme’s board of trustees on the medical scheme’s performance over the past year and its prospects for the next year. The chairman also presents the scheme’s annual report and financial statements at the AGM, which the members must approve. This ensures that members are up to date with what’s going on at their scheme as well as the state of its finances and governance.

Members must also consider proposed rule amendments and motions put forward by either the scheme’s board of trustees or by members of the scheme at the AGM. Such rule amendments or motions could affect their benefits or the manner in which the scheme functions, and it is crucial that members should have a say in these very important matters.

A scheme’s AGM is also where members are elected to the scheme’s board of trustees. In Medihelp’s case, two members must be elected to the Medihelp Board of Trustees. Members play a vital role in how their scheme is governed by voting for the trustee of their choice to represent their interests on the board of trustees.

In Medihelp’s case, voting can be done prior to the meeting via an electronic voting system. Voting closes on 14 June 2016 at 16:00 and the results will be announced at the AGM.

If you’re not a Medihelp member yet, you can get your medical aid’s AGM date here.
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