Gap Cover Insurance
Broker Directory Article
Medical Gap Cover Insurance in South Africa
Medical gap cover insurance helps to pay medical bills' shortfalls, that aren't fully covered by your medical aid.
Medical Gap Cover Insurance is NOT a medical aid/scheme, but rather short-term insurance that covers you in the event that your medical aid doesn't cover all your costs.Given the spiralling costs of private healthcare and shortfalls in medical aid cover, Gap Cover Insurance has become an essential protection for South Africans and their families. It's designed to cover the often significant 'gap' (or shortfall) between what healthcare professionals charge and what medical aid schemes are prepared to cover.
Note that Gap Cover is not a medical aid/scheme and the cover is also not the same as that of a medical scheme, but it is an optional short-term Insurance product designed to help you avoid unexpected shortfalls.
When choosing a Gap Cover Insurance provider, look for a short-term insurance company that is financially stable, has a sizeable customer base and attracts positive reviews.
Some Questions to Consider:
1. Is there cover for procedures conducted out of hospital?
2. What is the overall Gap Cover limit?
3. What is the maximum entry and benefit age?
4. Are there first time cancer benefits?
5. What are the waiting periods?
6. What is excluded from Gap Cover?
Being a specialist niche area, finding a Gap Cover Insurance partner for your family’s requirements is no easy task, because dozens of products are offered by providers in South Africa. These options may be confusing...
In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!
Also, note the following guidelines, tips and considerations applicable to Gap Cover Insurance:
|Investigate the various Gap Cover Insurance Products available|
|Broker Directory – Smart insurance advice brought to you by professional insurance brokers!|