Gap Cover: Protecting your pocket from penalty fees and co-payments on your medical scheme benefit
Gap Cover: Protecting your pocket from penalty fees and co-payments on your medical scheme benefit Martin Rimmer, CEO of Sirago Underwriting Managers, provides some insights on what co-payments and penalties are, why and when they are levied and how gap cover can protect your pocket from these unforeseen costs. One of the ways that […]
Getting to grips with cancer and your healthcare finances
Getting to grips with cancer and your healthcare finances The many cancer awareness days and months throughout the year are a reminder of just how prevalent this insidious disease has become in our modern lifestyles. There is hardly a family that has been untouched by a cancer diagnosis of a loved one or close friend […]
Understanding the interplay between your healthcare financial planning solutions
Understanding the interplay between your healthcare financial planning solutions Consumers are taking serious financial strain in every aspect of their living costs. Rising inflation means the costs of everyday household items are going up, some exponentially – think food, fuel, electricity, gas, rent, school fees, healthcare and so on. Inflation also drives up interest rates […]
Medical aid renewal season – planning your healthcare finances for 2022
Medical aid renewal season – planning your healthcare finances for 2022 Given the financial constraints brought about by the pandemic, many medical scheme members find themselves under significant pressure to cut costs, while ensuring access to quality private healthcare when they need it. Between October and December, medical scheme members will need to make important […]
‘Initial Cancer Diagnosis’ Gap Claims increased by more than 520% in 2021 compared with 2020
‘Initial Cancer Diagnosis’ Gap Claims increased by more than 520% in 2021 compared with 2020 The pandemic has profoundly impacted early detection of chronic diseases and illnesses as people avoided – and continue to avoid – preventative health checks An analysis of ‘Initial Cancer Diagnosis’ gap claims paid by Sirago Underwriting Managers during 2021 […]
Mega Gap Cover claims show twofold increase in 2021
Mega Gap Cover claims show twofold increase in 2021 Musculoskeletal, connective tissue conditions were key drivers of Sirago’s mega gap claims in 2021. An analysis of gap insurance claims paid by Sirago Underwriting Managers during 2021 shows that the volume of large or ‘mega’ gap claims paid, had more than doubled in cost and volume […]
Health Insurance for Women – 6 Key Considerations
Health Insurance for Women – 6 Key Considerations Women face distinct challenges when it comes to healthcare financial planning. For a start, women typically live longer¹ but earn less than their male counterparts². The longer life expectancy coupled with lower career compensation means that women will face greater financial burdens when it comes to affordability […]
Young and healthy? Here’s why healthcare financial planning should still be a top priority
Young and healthy? Here’s why healthcare financial planning should still be a top priority Many young people struggle to justify whether they really need health insurance cover, when being caught between the rock and the hard place of earning their first, albeit limited income as a young adult, and having to take responsibility for their […]
Gap cover claims grow in shortfall quantum during the year 2020
Gap cover claims grow in shortfall quantum during 2020 An analysis of gap insurance claims paid by Sirago Underwriting Managers during 2020 shows that not only are average gap claims values rising, but large or mega gap claims are also increasing in frequency, with large shortfalls ranging between R41 000 and R164 000 for in-hospital treatments not […]