Cheap gap cover is for members of South African medical aids only.The best thing about the new, innovative short-term insurance product called gap cover is that it is not expensive. Indeed, you will probably pay no more in a monthly premium for cheap gap cover than the equivalent of ten percent of your medical aid premium. So if you pay R2500 for medical aid (or a hospital plan) each month, your low-cost gap cover policy will cost around R250 per month.
Certainly there are certain options you can choose from when you investigate low-priced gap cover. There are special economical deals for cancer treatment and life cover when you discuss your gap cover quote with an expert. But, compared to medical aid, gap insurance is simple and easy to understand.
In essence, your gap cover policy makes economical sense because it takes the risk out of facing possible high co-payments. If you needed an emergency operation, for example, and your medical aid limits meant the medical aid did not cover the total medical bills, you would have to pay these co-payments out of your own pocket. Discounted gap cover takes care of those costs. You could potentially save hundreds of thousands of rands by having a gap cover policy.
Why can’t I do without cheap gap cover?
It makes sense to discount your health risk. By insuring your co-payments (also called shortfalls) you eliminate enormous financial risk from your money affairs.When you consider that every member on your medical aid, e.g. spouse and children get cover from your single, inexpensive gap cover policy, then the benefits are so much more evident.
As the economy falters and costs rise, medical aids pay out less and less when you claim for hospital stays, specialist care and medication. By March each year, many medical scheme members have run out of medical savings on their scheme accounts. They are force to put up with reduced health care, and they are faced with massive co-payments when it comes to emergencies. So it is hard to see why anyone would try to do without cheap gap cover.
Are there waiting periods or exceptions for gap cover?
Anyone who is on an official, registered medical aid in South Africa qualifies for low-priced gap cover. There are waiting periods in a limited number of instances, such as an existing pregnancy. When you speak to a gap cover expert, discuss your current health status so she can advise you further about waiting periods.
How do I go about getting inexpensive gap cover?
There are several excellent short-term insurance companies in South Africa offering top-level, affordable gap cover. We have partnered with the very best in the business. Complete and submit the contact box on this page and we will get back to you fast with advice on cheap gap cover for you and your family. We also handle group gap cover. Just complete and submit the form so we can get in contact and discuss your requirements.