But only once liquidators of collapsed scheme have completed their mandate.
The trustees of the board of Health Squared Medical Scheme, now in liquidation, may still face sanctions for the alleged maladministration of the scheme and other irregularities that led to its financial ruin. Its collapse in August 2022 left Heath Squared’s about 13 000 members scrambling for alternative medical aid cover.
The CMS had cautioned Health Squared in November 2020 for non-compliance with the approved 2020 business plan. This was because the scheme’s: Kabane said in the affidavit it appeared from Seoloane’s provisional report that Health Squared spent on average R80 million a year on administration, management and marketing fees at a time when the scheme was “bleeding members”.
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