The answer is so simple; Very few of us have enough disposable income available at short notice to pay what could be a huge medical bill, which could run into thousands, possibly millions of Rands.
That is why Health Insurance not only makes sense but is a vital part of your overall financial planning.
You choose a plan, agree to pay a certain rate each month and in return you get a way to pay for notoriously expensive private health care.
There are so many reasons for having to go to hospital. And once there, whether it’s only for stitches, or sometimes having to be in hospital for a protracted time, a medical aid will give you the peace of mind you need to help you recover.
The cost of medical treatment is no joke – it’s expensive. Simply having savings isn’t enough. You need adequate cover so that whatever life throws at you have access to the necessary funds to cover you and your family should the need arise.
You may not have heard of Gap Cover, simply put, the Gap refers to the gap between the doctor’s or private hospital’s bill and what your medical aid will pay, depending on your plan.
Gap cover does exactly that; covers that gap.