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News Room

Benefits Of Gap Cover

Compare Guru
2020-06-12
Already have a medical aid policy? Perhaps it’s time to consider a ‘top-up’ with Gap Cover. Let’s take a look at why taking out Gap Cover is a smart financial move and how it helps South Africans.

Gap cover is a short-term medical insurance product that works together with your existing medical aid to cover the financial difference between what the medical procedure actually costs and what your medical aid is willing to contribute. Medical aids do not often pay out in full for certain specialists or procedures and this is something that not many people are aware of. For unexpected illness or cases where you need urgent medical care, it can be difficult to manage this unforeseen expense on your own. 

 

As more South African’s become aware of this financial shortfall, more people are taking out Gap Cover for themselves or their family as a result. This type of cover is generally quite affordable, while providing cover for moments when you may be extremely vulnerable and in no way want to be worried about finances. 

Let’s take a look at some of the benefits of taking out a Gap Cover policy.

Gap Cover Helps Avoid Large Unexpected Financial Shortfalls

When you’re in a serious, unexpected and urgent medical situation, the last thing you want to be worried about is money. You might be able to find some extra money or arrange some additional finance under normal circumstances, but when serious illness or an accident occur suddenly, managing the financial requirements might not be possible. By taking out Gap Cover, you protect yourself against these scenarios. With this type of cover in place, what your medical aid won’t cover, your gap cover will. 

Gap Cover Provides Peace Of Mind

Overall, gap cover will give you a sense of security and peace of mind that, should the worst happen, you will not have to worry about coming up with a big sum of money to cover hospital expenses not paid for in full by your medical aid. Our health is one of the most important aspects to take care of. Gap cover will let you rest assured that you will be taken care of in any situation and not left in a financial predicament in your most vulnerable moments. 

Gap Cover is Affordable

Although Gap Cover premiums vary from insurer to insurer and across the different policy options, the average monthly premiums are an affordable addition to your medical aid policy. For a few extra hundred rand a month, you could save yourself an enormous amount of money, stress and burden should you face a medical shortfall in an emergency. 

If you’d like to find out more about Gap Cover and what it costs to protect yourself or your family against likely medical shortfalls, you can get free Gap Cover quotes with CompareGuru and compare your options side-by-side. You can also speak to one of our Gurus for more information or to help you decide what kind of cover is best. 

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