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GMF Recommendation to Merge
Dated: 16 September 2002
Administrator recommends GMF to merge with Healthguards
The Private Health Insurance Administration Council (PHIAC) today endorsed the recommendations made by Goldfields Medical Fund’s (GMF) administrator, Mr Peter Hedge, to merge with Healthguard Health Benefits Fund Ltd.
“Healthguard have guaranteed that current members of GMF will still be able to access all their usual member benefits,” PHIAC CEO, Ms Gayle Ginnane said today
“Members of GMF will be able to access their fund in exactly the same way as they always have.
“Members of GMF can also be assured that their fund will continue to focus on the needs of regional members. Healthguard have committed to expanding their Board to include representatives from the Goldfields region.
Healthguard has guaranteed that the Kalgoorlie GMF office will remain open and the staff of GMF will continue to be employed.
“The merger with Healthguard will provide GMF members with their continued level of service, protection of existing member benefits, and most importantly, the security of a stronger-performing fund,” she said.
The Administrator will now seek Federal Court approval for the merger in accordance with the process laid down by the National Health Act.
About PHIAC
The The Private Health Insurance Administration Council (PHIAC) is an independent statutory authority that regulates the private health insurance industry.
For more information please contact: Gayle Ginnane, PHIAC Chief Executive Officer (02) 6215 7900 or 0419 285 313.