There are good reasons why medical gap cover is the most popular short-term health insurance product in South Africa right now. Only car insurance outshines gap insurance in terms of value- for-money, popularity and number of policies sold.
Ten good reasons why medical gap cover is so popular:
- The concept underlying the cover is innovative and meets a real need. Who hasn’t run out medical savings, or been told by the medical scheme that they won’t cover the entire medical bill? Gap cover takes care of all co-payments, which are those portions of your medical bills that your medical aid refuses to pay.
- It’s easy to understand. There are only a couple of options available. There are add-ons such as for cancer and heart operations – and a life insurance add-on too – but you don’t have to choose these.
- It’s clear who qualifies for medical gap cover: only medical aid members may apply. It’s easy to see if you belong to an official, government-registered medical scheme. Check out the list here.
- You can sign up for gap cover (also called short-term co-payment insurance, shortfall insurance or top-up cover) online and my email. In fact, you can get a quote on this page. Just use the form. We will contact you with a quote in a jiffy and assist you to join. Straightforward!
- The use of gap cover is widespread. And the more people who take out gap insurance, the cheaper it is. Really, 98% of all people who are on a medical aid in South Africa need gap cover. That is because only people who are on the most comprehensive and most expensive medical aid options have sufficient medical cover to make the medical aid pay each and every bill.
- Having gap cover is a stealthy way to keep your main medical aid monthly premiums low. For instance, you can opt for a hospital plan from a medical aid, which typically does not include a medical savings account. Then top up the plan with gap cover. Voila! You have cheap medical aid with the assurance that you won’t have to pay large amounts out of your pocket unexpectedly to settle medical bills.
- Medical gap cover is inexpensive. Gap cover is a cheap way to power up your medical aid membership. Assume you pay around R3000 a month for your medical aid membership (everyone on the plan). If you buy a gap policy, which is supplementary insurance, you can expect to pay around 10% of the equivalent monthly for gap cover i.e. around R300 in this instance.
- Your gap policy covers everyone on your medica aid, e.g. spouse and children. One policy covers them all. That’s value for money.
- Claiming against your medical gap insurance poicy is easy. You assemble all the paperwork from your health provider (e.g. hospital, specialists, etc.). Complete the relevant online forms and forward the scans by email to your gap provider. Once approved, the cash will be paid into your bank account for you to settle your accounts.
- There are several expert gap insurance companies in South Africa that offer medical gap cover and we have vetted them all. Here on this page you can get a quote from a market leader. So act now to stay healthy and protect your finances at the same time.
Complete and submit the form on this page now!