What is Gap Cover Company?
GapCover® is a short-term insurance product for members of a medical scheme, providing extra cover for medical shortfalls that could occur during in-hospital procedures.
Top Gap Cover Companies In South Africa
Gap cover insurance in South Africa provides additional coverage to supplement medical aid schemes and cover the “gap” between the medical scheme rates and the actual cost of medical procedures. Here are some of the top gap cover companies in South Africa:
Discovery Gap Cover:
Discovery Health offers comprehensive gap cover options that provide additional protection for medical scheme members. They offer various plans to suit different needs and provide coverage for in-hospital procedures, specialist fees, and other medical expenses.
Sanlam Gap Cover:
Sanlam is a well-known insurance provider in South Africa and offers a range of gap cover options. Their policies help bridge the financial gap between medical scheme rates and healthcare providers’ fees, ensuring members have peace of mind.
Momentum Gap Cover:
Momentum Health Solutions provides gap cover options designed to complement their medical aid schemes. Their policies offer protection against potential shortfalls for in-hospital treatments, specialists, and other medical costs.
Liberty Gap Cover:
Liberty offers gap cover insurance to help individuals and families cover the difference between medical scheme rates and healthcare providers’ fees. Their policies provide financial protection for various medical treatments and services.
Sirago Gap Cover:
Sirago is a specialized provider of gap cover insurance in South Africa. They offer customizable plans that cater to the specific needs of individuals and families, ensuring they are adequately protected against medical expense shortfalls.
Stratum Benefits is a reputable provider of gap cover insurance, offering comprehensive coverage options. Their policies provide additional financial protection for medical procedures, specialist consultations, and other healthcare services.
Complimed Gap Cover:
Complimed specializes in gap cover insurance and offers various plans to suit different budgetary requirements. Their policies provide coverage for in-hospital treatments, surgical procedures, and related medical expenses.
It’s important to note that the availability and specific offerings of gap cover companies may vary, and it’s advisable to thoroughly research and compare policies to find the one that best suits individual needs and budget.
Does Bonitas offer gap cover?
All 3 of our Gap Cover options provide a financial solution to the common problem of self-payment shortfalls that medical aid members face. Zestlife Universal Gap Cover offers the most comprehensive medical expense shortfall cover with extensive financial protection against a wide range of health risks.
Is Gap cover tax deductible in South Africa?
CAN I CLAIM MY GAP COVER PREMIUMS BACK FROM SARS? Unlike medical aids who issue annual tax certificates for income tax purposes, premiums for Gap Cover policies are not tax deductible as these policies are registered as Short-Term insurance policies.