Many South Africans have health insurance. They believe that if they are diagnosed with an illness or need immediate medical care, that their health insurance policies will cover all of these related costs.
The increasing number of people investing in medical aid Gap Cover shows that this is rarely the case. Private medical rates, when compared to what health insurance providers cover, can leave a significant gap. Instead of focusing on your recovery, you might be left to worry about how you are going to pay the difference between private medical rates and what your insurance scheme covers, which can add to significant stress and prolong your recovery.
Private medical rates continue to rise, which is putting pressure on medical aids. A number of things are contributing to the increased costs, such as research and development, complex technologies that are used for treatment and new medicines. These are all beneficial things and can greatly contribute to the health and wellness of South Africans, but the costs associated with private medical care is often too much for many of the people who already spend a significant part of their income on health insurance policies.
Total Risk Administrators offers Gap Cover that has been designed to protect medical aid members from additional unbudgeted costs during hospitalisation, by covering the differences between medical aid tariff and private rates. Contact us for more information today.
Note: All material on this website is provided for your information only and may not be construed as medical advice or instruction. No action or inaction should be taken based solely on the contents of this information; instead, readers should consult appropriate health professionals on any matter relating to their health and well-being.
The information and opinions expressed here are believed to be accurate, based on the best judgement available to the authors, and readers who fail to consult with appropriate health authorities assume the risk of any injuries. Errors and Omissions Excepted. Terms and Conditions Apply. Terms and Conditions Apply.