Gap cover a critical financial essential as medical scheme buydown accelerates
An analysis of gap cover claims paid by Sirago Underwriting Managers shows that the quantum of medical scheme payment shortfalls for in-hospital treatment is increasing as financial pressure in relation to premiums is forcing consumers to buy down on their medical scheme benefits. The growing quantum of gap claims volumes and values indicates a marked […]
Medical aid renewal season – planning your healthcare finances for 2023
Medical scheme members find themselves under massive pressure to cut costs, while ensuring access to quality private healthcare in a crisis If you’re a member of a medical scheme, you will by now have received notification of the increases to your contributions and benefit changes for 2023. Some schemes have announced that increases will […]
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 when compared with mega claims paid by Sirago in […]
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 […]
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 of private healthcare, especially so during retirement. Women […]
Spiralling healthcare costs leave consumers exposed to out-of-pocket hospitalisation expenses not covered by medical aid
010 599 1163 info@sirago.co.za Mon – Fri, 7.30am to 4.30pm Submit a Claim Or Get a Quote Spiralling healthcare costs leave consumers exposed to out-of-pocket hospitalisation expenses not covered by medical aid With healthcare costs growing at around 10% – levels well-beyond inflation – and with most medical schemes announcing annual plan increases of between […]