We’ve all heard the horror stories about family or friends that have been left with astronomical medical bills that their medical aid wouldn’t cover following a stint in a hospital. Whilst this might happen for a number of reasons due to plan types and limits, there is a way to avoid this. For many people, gap cover has proved to be a saviour in cases where medical aid shortfalls have occurred.
Health and peace of mind go hand-in-hand
If you haven’t got a gap cover policy as yet, here are a couple of reasons why you don’t ever want to be caught without it…
Mind the gap
Before we get into the nitty-gritty of what this kind of cover entails, it’s important to note that it isn’t a medical aid policy on its on. It is in actuality, a supplementary policy, designed to cover any costs that may arise from amounts unpaid by an existing medical aid claim after you have been admitted to hospital.
It’s not a one-size-fits-all policy
Please be aware that not all gap policies are created equal and that certain exclusions may still apply. For this reason, it is wise to sit down with your dedicated broker and discuss which provider and policy would be best suited for your current medical aid policy. That way, you won’t have to deal with the frustrations and expenses that come from having the wrong gap type for your current medical aid. This is a common problem for many people as inexperienced brokers often sell them the incorrect variety. For this reason, Compendium offers several different gap types, provided by a variety of providers. This allows us to correctly match each client with the gap that would benefit them most.
Why you need it
To put it into perspective, your medical aid will often only cover a certain percentage of the charges that rack up during your stay in hospital. This is, of course, dependent on the hospital you are at, the procedure you had done, and of course which doctors and specialists attended to you. As a result, there is often a shortfall that stems from what your medical aid scheme pays out and what the total charges were. This means that there is a definite need for an additional cover that makes up the difference so that you are never out of pocket.
We can tailor your policy to suit you
At Compendium we are associated with six of the country’s best gap providers. This allows us to offer our clientele the peace of mind that comes with knowing that we have their best interests at heart. If you’re interested in our health insurance options, please contact us and chat to a broker today on: 087 724 9390.