Private Healthcare: the widening gap between what you think…
Private Healthcare: the widening gap between what you think you’re covered for and what you’re actually covered for Why gap cover is an essential shield against financial devastation in South Africa’s private healthcare system “You may think that my use of the term ’devastation’ is overly emotional or exaggerated. I can assure you, it is […]
You’re Young and Healthy. That’s Why You Should Plan.
You’re Young and Healthy. That’s Exactly Why You Should Plan. When you’re starting out, every rand already has a job. Rent, student debt, transport, the emergency fund you’re still trying to build. Healthcare planning quietly slides to the bottom of the list. You’re young, you rarely see a doctor, so why pay for cover you’ll […]
Private Healthcare: the widening gap between what you think you’re covered for and what you’re actually covered for.
Private Healthcare: the widening gap between what you think you’re covered for and what you’re actually covered for Why gap cover is an essential shield against financial devastation in South Africa’s private healthcare system “You may think that my use of the term ’devastation’ is overly emotional or exaggerated. I can assure you, it is […]
Cancer-related gap cover claims
Five-year trend shows sharp increase in cancer-related gap cover claims An analysis of cancer-related gap claims paid by Sirago Underwriting Managers between 2020-2024 shows a staggering increase in gap claims volumes related to initial cancer diagnosis and treatment co-payments and shortfalls. Sirago Underwriting Managers is a gap cover provider underwritten by GENRIC Insurance Company […]
Whistleblowing and Fraud Prevention
Whistleblowing and Fraud Prevention As part of the Old Mutual Group, we have updated our Whistleblowing Policy in line with the Group to promote integrity, transparency, and ethical conduct across all our operations. This policy provides employees and stakeholders with a safe, confidential, and anonymous platform to report any suspected fraud, unethical behaviour, or misconduct. […]
Planning your private healthcare funding for 2026
Planning your private healthcare funding for 2026 South Africans are facing another tough year of rising medical scheme costs in 2026. Weighted average premium increases range between 6% and 9%, depending on the benefit option – despite the Council for Medical Schemes (CMS) recommending that increases be limited to CPI (3.3%) plus reasonable utilisation.¹ Across […]
The Healthcare Financing Crisis and the impact on Gap Cover
The Healthcare Financing Crisis and the impact on Gap Cover: A Five-Year Analysis of South Africa’s Healthcare Funding Challenge Mega Gap Claims Surge Reveals Private Healthcare System Under Cost Pressure Opinion by Martin Rimmer, CEO of Sirago Underwriting Managers A comprehensive five-year analysis of gap cover claims reveals a healthcare funding crisis that’s rapidly escalating […]
Empowering Women’s Health
Empowering Women’s Health: Essential Healthcare Financial Planning for Women’s Month As we approach Women’s Month, it’s the perfect time to reflect on one of the most crucial aspects of financial wellbeing that women often overlook – healthcare financial planning. While healthcare planning is important for everyone, women face unique challenges and circumstances that make strategic […]
Gap Cover Mega Claims: Unpacking the Drivers
Gap Cover Mega Claims: Unpacking the Drivers The rising values of gap claims are showing an alarming increase in the shortfalls between what medical schemes pay versus what healthcare providers charge for in-hospital procedures. Recent claims data from Sirago Underwriting Managers, a gap insurance provider, reveals a sobering reality: just 20 mega claims paid in […]
Healthcare financial planning resolutions for 2025
Prioritise access to quality healthcare and protect yourself from financial stress As we step into 2025, families are diligently re-evaluating household budgets, distinguishing the “must-haves” from the “nice-to-haves,” and seeking smarter ways to manage essential expenses. One critical area under scrutiny is healthcare coverage, a universally acknowledged necessity, but at what cost and benefit level […]