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Why the Annual Aggregate Limit has increased:

What is an annual aggregate limit?

Do you know what the annual aggregate limit for your medical aid or gap cover provider is and how this can affect you and your family?

Terms used in insurance can often be complicated and overwhelming. However, it is essential for medical aid members to understand what these terms mean and how it affects their medical scheme and short-term insurance products.

What is the annual aggregate limit?

The annual aggregate limit refers to the maximum amount of money that your medical aid or gap cover provider will pay for all claims that you submit over one year.

This could affect you and your family if your medical expenses exceed this amount, as you will be expected to pay for procedures and medical bills for the remainder of the year.

How do insurers decide their annual aggregate limit?

All TRA Gap Cover policies are governed by the demarcation regulations, which allows this figure to be increased every April by an amount linked to South Africa’s inflation rate.

However, this often meant that the limit was inconsistent and was open to interpretation from different insurance product suppliers. 

The demarcation regulations recently issued a definitive table of figures for determining a scheme’s annual aggregate limit. This will ensure that medical aid and gap cover providers offer a consistent and stable limit.

What is TRA’s annual aggregate limit?

As a result of the issued table of figures, the current annual aggregate limit for TRA gap cover is R 198 660 per insured person. 

This limit came into effect on 1 April 2023 and will change on 1 April 2024. It is important that our policyholders are aware that the annual aggregate limit has changed from R 185 837 per insured person, which was effective from 1 January 2023 to 31 March 2023.

How do I know when the limit has changed?

When the limit has changed, there will be notifications across various digital platforms for policyholders and brokers. A table showing our latest limit amount can be viewed on our 2023 gap cover brochure. 

Contact our team for further queries. 

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 and 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.


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