GAP COVER is a type of insurance policy that is designed to cover additional costs that you might incur while in hospital. Unfortunately, not all medical aids offer the type of cover required to keep you financially comfortable when accidents happen or unexpected illness arrives.
When this happens, you will possibly be expected to pay the difference in costs between your medical aid cover and the actual costs incurred. To avoid this, make sure that you have decent cover in place. There are various types of GAP COVER insurance policies on the market for you to choose from and it’s important to realise that not all policies are made equal.
If you’re looking for a high level of GAP COVER, you should look for a variety of pertinent policy features / offerings. A high level of GAP COVER available includes:
- Between 600% and 700% cover.
- Unlimited annual cover.
- Decent sub-limit cover.
- Oncology treatment above scheme tariff.
The ideal GAP COVER policy should offer cover for you and your spouse / children who are covered by a registered medical aid scheme. This doesn’t have to strictly be the same scheme.
Where can you get decent GAP COVER from?
Finding the right GAP COVER can be a challenging task. It’s important to shop around by consulting with an intermediary at your local insurance provider to ensure that you are able to do a thorough comparison of products and analyse the differences. Affordable GAP COVER packages should cost you in the range of R130-R300 per month.
For more information on our GAP COVER insurance policies, contact us via email or telephone at Total Risk Administrators 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.