Medical Gap Cover Ensures Peace of Mind
Medical gap cover is generally offered by insurance companies rather than by the various medical aid schemes such as Bestmed or Discovery Health. If your medical aid plan is one of the cheap medical aid plans offered by the various medical scheme providers, it is worth considering taking out medical gap cover.
What is gap cover in medical aid?
Medical gap cover is similar to an insurance policy. Not all medical aid schemes are fully comprehensive. This means that whilst they may cover you for much of your expenditure whilst you are in hospital, you may still have a shortfall. If you do not have medical gap cover then it is up to you to cover the shortfall.
What medical gap cover does is to insure you against this risk. Schemes like Discovery medical aid and Momentum medical aid offer fully comprehensive medical aid plans, but they are quite expensive. Therefore, it is sensible to contemplate whether it would be more financially beneficial to have the cheapest medical aid possible and supplement it with medical gap cover.
There are numerous medical gap cover options on the market, together with a wide variety of providers. Zestlif, Old Mutual and Liberty all provide a selection of medical gap cover.
Medical gap cover allows affordable medical aid
Many of the medical aids in South Africa such as Momentum Health offer affordable medical aid packages. Having a cheap medical aid plan makes sense if you are young fit and healthy. The chances of you needing expensive medical treatment, an operation, or chronic medication are far less than when you become elderly. Your medical aid plan really only needs to cover the basics. However, if you happen to be in a road accident, or were to be accidentally killed, this could have serious financial implications for you and your family. Medical gap cover is the means to protect them, and/or yourself against such an event.
Best gap cover company
Similar to when you are looking to select a medical scheme to join, you should obtain several quotes for medical aid gap cover. Zestlife is one of the best gap cover insurance companies from whom it is recommended you ask for a quote.
Zestlife has four options of personal cover available.
• Medical Gap Cover
This cover is designed to protect you against unexpected doctors’ bills received for the time you were in hospital having an operation or procedure.
• Medical Premium Waiver
Designed to cover your family to ensure that should anything ever happen to you, they will still be entitled to receive medical aid.
• Road Accident Cover
As the name implies, this gives cover for both you and your family should you be involved in a road accident. If either you or a family member are injured in a road accident, a lump sum of R119 000 will be paid out.
• Accidental Death Cover
Cover for your family in the event that you are accidentally killed.
• Comprehensive Accident Protection
This cover provides you with protection by paying out a substantial sum in the event that you are injured in an accident or are accidentally killed.