The FMH Medical Savings Fund is a medical Fund for which individuals make monthly contributions which are credited to their respective Medical Savings Accounts. Each individual’s Medical Savings Account grows with investment income and reduces with claims. To complement the balances in individual Medical Savings accounts, there is an additional insurance cover which covers shortfalls or huge medical bills which go beyond balances in accounts.
The First Mutual Savings fund is unique in that it has a savings element and the investment income accrues to the client. Ailments which require outpatient visit to a GP, Clinic or hospital will be paid from the member’s MSA whilst huge medical bills such as hospitalisation, operations etc. will be covered by ‘insurance’
FMH has a contracted network of Medical service providers (Doctors, specialists, clinics, hospitals, pharmacies, and medical labs etc.) as strategic partners to ensure guaranteed high quality medical attention to members of the Fund. To start an FML policy, one must be less than 60 years at the time of joining any scheme. Child means less than 18 years old. Each plan therefore has an Adult or Child rate.