Members should consider many factors when choosing the correct medical gap cover for their needs.
Just like any other financial service products, gap cover is not a one-size-fits-all option.
Each person will have different health needs, and luckily there are lots of different gap cover plans to choose from.
Some companies also provide options for specially designed plans, although these can be quite pricy.
To make an informed decision on the plan that will suit you best, the factors below should be taken into consideration:
Get the Right Insurance that suits You
What are your health needs?
One of the most crucial factors to consider is your personal health needs. You should assess your health requirements honestly and in depth. If you know the state of your health, choosing a gap cover plan will become much easier.
You also need to consider the health history of your direct family. When you do this, you will be able to choose a plan that covers your possible future medical needs.
Your age is also important
Although people of different ages need different medical care, some illnesses can affect everyone. You need to think about your current age when choosing a gap cover plan, but this should not play a major role in your decision. The provider you decide to choose will anyway have their own plan limits as per age.
What is your marital status?
If you’re married and have children, your medical care needs will differ from being single. You have to choose a gap cover plan with a family option instead of only getting cover for yourself.
Can you afford the plan you want?
The gap cover insurance you choose will largely depend on your monthly budget. Gap cover providers have different plan options at different rates. Cheaper plans will most likely not cover everything that the more expensive ones do. You should however not cause yourself monthly debt to cover all your insurance policies.
The provider you choose
Members should consider the financial position as well the size of the gap cover company they choose. Knowing how long the company has been in existence is also to your benefit.
Do research regarding their policies and how they treat clients. Reading reviews and speaking to references are both great ways to get to know the company you wish to deal with.
Find the Correct medical Gap cover
The factors mentioned above are the basic one’s that must be considered and identified when choosing the correct medical gap cover plan for your lifestyle and needs.
By identifying these, you can make a 100% informed decision as to who is the correct medical gap cover provider and the plan you need.
Medical aid members can get a FREE Gap Cover Quote by filling in and submitting the form!
All info was correct at time of publishing