The Science Of ... , Evergreen Content

The rules on gap cover are changing

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.

The Money Show’s Bruce Whitfield interviewed Paresh Prema (Head of benefits management at Council for Medical Schemes) for his weekly “The Science Of” feature.

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

Click here (then“like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : The rules on gap cover are changing


Recommended

by THE NEWSROOM
Read More
Sona debate was 'long, productive and cordial'

Sona debate was 'long, productive and cordial'

The Money Show’s Bruce Whitfield interviews EWN Parliamentary Reporter Lindsay Dentlinger.

Euphonik (one of South Africa's richest DJs) opens up about money

Euphonik (one of South Africa's richest DJs) opens up about money

Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)

Spending too much? Our brains suck at money stuff. Here’s how to train it…

Spending too much? Our brains suck at money stuff. Here’s how to train it…

Bruce Whitfield interviews Dan Ariely, co-author of "Dollars and Sense: How We Misthink Money and How to Spend Smarter".

Pick these 3 stocks right now, make a killing (by Sasfin Securities)

Pick these 3 stocks right now, make a killing (by Sasfin Securities)

These are the three best shares to buy right now, says stockbroker and portfolio manager Nesan Nair.

‘A tough Budget is a good Budget. We need a VAT increase’

‘A tough Budget is a good Budget. We need a VAT increase’

The Money Show’s Bruce Whitfield interviews Old Mutual Asset Management Economist Johann Els.

Why medical aid is woefully inadequate (and how affordable gap cover helps)

Why medical aid is woefully inadequate (and how affordable gap cover helps)

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.

Popular articles
[LISTEN] Biomimicry could be the answer to Cape Town’s water crises

[LISTEN] Biomimicry could be the answer to Cape Town’s water crises

Certified biomimicry professional & founder of Biomimicry SA Claire Janisch chats about how biomimicry can help humans adapt.

Hawks video shows fugitive Ajay Gupta leaving SA

Hawks video shows fugitive Ajay Gupta leaving SA

The Hawks are in possession of video footage showing Gupta, wanted in connection with Vrede dairy farm scandal, leaving SA.

JoJo - struggling to keep up with demand - now has a turnover of R600 million

JoJo - struggling to keep up with demand - now has a turnover of R600 million

The JoJo brand has entrenched itself in the psyche of South Africans. Bruce Whitfield interviews its MD, Grant Neser.

'Today, Zuma declared war on the ANC'

'Today, Zuma declared war on the ANC'

Political analyst Richard Calland says there was a sinister and threatening tone to President Zuma's interview with the SABC.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.

Clifton in Cape Town is the 2nd best beach in the world – National Geographic

Clifton in Cape Town is the 2nd best beach in the world – National Geographic

The magazine describes Cape Town as a city flanked by stunning beaches and calls it “The African Capital of Cool”.