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In South Africa today, Gap Cover is surging in popularity, as many medical professionals charge multiple times the stipulated Medical Aid rates. Gap Cover enhances one’s Medical Aid, helping to cover in-hospital medical expense shortfalls for certain procedures and specialist bills.
World No Tobacco Day, celebrated on 31 May, is an initiative aimed at creating awareness on the impact tobacco has on cardiovascular health worldwide. Tobacco use is an important risk factor to heart disease, strokes and peripheral vascular disease. Lifestyle factors such as smoking, are an expensive habit on your general health (both as an active and passive smoker) and wallet.
While it’s easy for some of these technical terms to wash over us, understanding the structure of your Medical Aid and Gap Cover is a critical aspect of managing your family’s medical and financial affairs.
Do current solvency levels limit a medical scheme’s growth and inhibit expansion into low-income markets? One thing is for certain, there’s been a shift in global opinion about pre-determining the solvency ratios for private medical schemes. South Africa is no different.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?