Most hospital plans do not fully cover you when you’re hospitalised.
Your medical aid limits its cover to the Medical Scheme Tariff (MST) which invariably falls way short of what doctors and/or specialists typically charge.
For a fraction of your monthly medical scheme premium, gap cover will ensure that you are not left out of pocket.
Now, the rules on gap cover are changing.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
The feeling was that gap cover harms medical schemes.— Paresh Prema
The cap on gap cover at R150 000 will increase by CPI every year.— Paresh Prema
Regulations allow gap cover to continue operating.— Paresh Prema
Before you couldn’t get gap cover after the age of 65. Regulations now remove that exclusion.— Paresh Prema
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Get a free credit report, then follow these five tips and see by how much you can improve your credit record.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.
Smuggled out of Germany in the 1930s, then forgotten in Joburg. Bruce Whitfield interviews fine art specialist Luke Crossley.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
It may come as a shock (but it’s all there in the small print); medical schemes do not fully cover you when you’re hospitalised.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
The author of Exit, Grizelda Grootboom, explains how she was trafficked, drugged and sold for sex on the streets of Joburg.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?