Want to know how Bonitas Gap Cover works? This comprehensive guide explains everything you need to know, including what it covers, how it works, and more.
Introduction
Healthcare costs can add up quickly, leaving you with hefty bills to pay. Fortunately, Bonitas Gap Cover can help alleviate some of the financial burden. But how does Bonitas Gap Cover work?
In this article, we’ll break down everything you need to know about Gap Cover, including what it covers, how gap cover works, and more. So, let’s dive in!
What is Bonitas Gap Cover?
Gap Cover is an insurance product that provides extra cover for medical expenses that are not covered by your medical scheme. Medical schemes in South Africa have a limit on the amount they will pay for certain treatments, and this is where gap cover comes in. Several companies supply gap cover, such as Zestlife, which is the firm we recommend.
In other words, Gap Cover is a type of insurance that helps cover the “gap” between what your medical aid plan covers and the actual cost of medical treatment. When you receive medical treatment, your medical aid plan will only cover a certain amount of the total cost. The remaining amount is referred to as the “gap,” and this is where Gap Cover comes in.
Any medical aid member is eligible for gap cover, not only Bonitas fund members.
With Gap Cover, you can rest assured that you’ll have extra cover for these expenses. This can include co-payments, deductibles, and other out-of-pocket expenses that your medical scheme won’t cover.
How Does Bonitas Gap Cover Work?
When you sign up for Gap Cover, you’ll pay a monthly premium. This premium will depend on the level of cover you choose, as well as your age and other factors.
If you have a medical expense that isn’t covered by your medical scheme, you can submit a claim to the Gap Cover firm. The gap cover company will then pay the amount that your medical scheme won’t cover, up to the limit of your gap cover policy.
For example, let’s say you need a procedure that costs R20,000, but your medical scheme will only cover R15,000. If you have Bonitas Gap Cover, you can submit a claim for the remaining R5,000. The gap cover company will then pay this amount, up to the limit of your gap cover policy.
What Does Bonitas Gap Cover?
Bonitas Gap Cover covers a wide range of medical expenses, including:
- Co-payments: This is the amount you pay upfront for a medical service or treatment. With Bonitas Gap Cover, you can get this amount covered, up to the limit of your policy.
- Deductibles: This is the amount you need to pay before your medical scheme will cover the rest. Gap Cover can cover this amount, up to the limit of your policy.
- Specialists: If you need to see a specialist, your medical scheme may only cover a portion of the cost. Gap Cover can cover the remaining amount, up to the limit of your policy.
- MRI and CT scans: These diagnostic tests can be expensive, but with Gap Cover, you can get the cost covered, up to the limit of your policy.
- In-hospital expenses: If you need to be admitted to hospital, there are often additional expenses that your medical scheme won’t cover. Gap Cover can cover these expenses, up to the limit of your policy.
How Much Does Bonitas Gap Cover Cost?
The cost of Gap Cover will depend on a number of factors, including:
- The level of cover you choose: There are enhancements you can choose, such as for cancer treatments.
- Your age: Younger people generally pay less for gap cover than older people.
- Your medical history: If you have pre-existing medical conditions, you may pay more for gap cover.
- Other factors: Your occupation, lifestyle, and other factors may also affect the cost of your gap cover.
To get an accurate price for Gap Cover (if you are a member of Bonitas Medical Fund, you can complete and submit the form on this page to get a FREE quote.