Gap cover will not cover anything that is not covered by medical aid, even if it is one of the benefits listed in a gap cover policy schedule
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Gap cover might offer cover for scopes and scans, but if medical aid does not cover these at all, then gap cover might not cover it either, unless this is specifically stated.
However, gap cover does not cover everything and it is important to understand how it works to ensure you choose the right fit for both your needs and budget, as well as your medical aid plan. Myth: I have comprehensive medical aid, so everything is covered Comprehensive medical aid plans can cover up to 300% of the scheme rate but it has become common for some specialists to charge much more than this, often 500% to 600%, and in some cases even higher. This can result in massive medical expense shortfalls that will need to be paid out of pocket.
Visits to the GP, as well as optometry and general dentistry, which are covered out of medical savings, are excluded from gap cover. For example, your gap cover policy might state that it provides cover for shortfalls related to biological cancer drugs, however, not all medical aid plans will cover this, and if your medical aid does not cover it, gap cover will not either.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gap cover analysis shows massive erosion of medical scheme benefitsGap cover providers often pay more for the shortfalls in medical care than the amount the medical schemes pay for healthcare.
Read more »
Boost Employee Fulfilment To Address The Growing Talent GapEmployee dissatisfaction is on the rise, leading to increased 'job hopping'. This article explores how boosting employee fulfilment can help address the talent gap by understanding employee needs, creating a positive workplace experience, and leveraging data insights.
Read more »
Bridging the Gap: Security and Network Teams Seek Improved CollaborationDespite growing cyber threats, many organizations struggle with siloed security and networking teams. A recent survey by Skybox Security and Sapio Research reveals a discrepancy between perceived collaboration effectiveness and actual outcomes. Organizations are increasingly seeking integrated approaches and tools like CTEM to bridge this gap.
Read more »
Rand Surges Past R17 as China Stimulus and US Rate Gap Fuel GainsThe South African rand has strengthened significantly this week, breaching R17.20 for the first time since January 2023. This surge is attributed to a new aggressive stimulus package announced by China, coupled with expectations of a widening interest rate differential between South Africa and the United States.
Read more »
Proteas’ Patrick Kruger: SA20 bridging the gap between domestic and international cricketNew Proteas all-rounder Patrick Kruger had a good season in the SA20 for the Sunrisers Eastern Cape with both bat and ball.
Read more »
A Generational’s Guide to Embracing Technology: Bridging the Generation GapAs technology evolves, it becomes more vital across all generations. While smart devices are essential, older adults may find the digital world challenging. This guide helps parents and seniors embrace it and stay safe online.
Read more »