Medical Aid Funds present a way in which to manage your risk and give you peace of mind in case of a dread disease or serious accident.
You may, however, need an additional cash infusion if a co-payment needs to be paid. Read on to find out more about how GAP COVER works to assist you in such instances.
Medical aid takes a weight off your shoulders in the unpredictability of life. Without it, the high medical bills caused by critical illnesses and accidents can wipe out all of your savings. The tax benefits when contributing to a medical aid makes them more appealing too. When selecting which medical aid scheme offers the best option for you, it is important to do thorough research. Some medical aid plans charge policyholders a fee when making use of various medical services. This portion of the costs is called a co-payment, and you must pay the amount before the medical aid will pay their portion.
These co-payments differ from one medical aid scheme to another, and are often rather high. Assuming that the medical aid will take care of all the medical expenses, many people do not budget for co-payments, which then come as rather a nasty shock. The right medical aid GAP COVER ensures that you do not have to pay for any medical aid shortfall – such as the co-payment – out of your own pocket.
GAP COVER insurance has no age limit attached to it, making it a prudent decision as your medical costs naturally increase. With affordable packages ranging from R130 to R300 per month, more and more people are relying on medical GAP COVER to keep them within their budgets.
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.