Medical Shortfall Insurance from Liberty Life
November 20, 2024
Medical Shortfall Insurance is commonly known as Gap Cover. That is a short-term insurance underwritten by a financial services provider. And it has come about because of the shortfall created by the difference between Medical Schemes Tariffs, and the charges by Healthcare Providers.
Because specialists charge up to 4 times the Medical Schemes Tariff, you can find yourself facing a huge bill after an unplanned-for stay in a hospital. And this can be financially crippling.
Reasons for Choosing Medical Shortfall Insurance from Liberty
- Besides the primary member, all members on the medical aid are also covered by the one premium.
- No maximum age limits apply.
- Liberty Medical Shortfall Insurance is one of the most comprehensive Gap Covers available. Besides their in-hospital benefits, they also provide out-of-hospital benefits and cover for co-payments.
Their in-hospital benefits include –
- Accidental Dentistry when teeth break in an accident.
- PMB’s.
- Hormone and Fertility Treatment.
- There is no 12 month waiting period as in other gap covers. They put limitations on the particular pre-existing condition instead.
- No medical examination required.
If you belong to a South African medical aid scheme, please complete and then send the form on this page and we will send you one FREE gap cover quote
Three options are available on this Liberty Gap Cover:
-
Core Benefit
That is its basic cover,
-
Standard Benefit
-
Universal Benefits
Additional Information
- Three-month waiting period for new policies
- No benefits for ten months for childbirth
- Certain pre-existing conditions, no payment for six months, then 50% for the next six months.
- Emergency Transport covered
- Life Support Equipment covered
- Rehab cover too
- Road Accident Fund medico-legal costs
- Mobility cover
Out-of-hospital Procedures
There are over 50 operations covered by this benefit, where gap cover can be applied. Also there is no maximum annual limit.
- Chemotherapy and Radiotherapy.
- Arthroscopy.
- Cataract Removal.
- Gastroscopy.
- Coronary Angiogram.
- Vasectomy.
- Biopsies of the breast and prostate.
- Out-patient kidney dialysis.
The cost of procedures done in a hospital, or as an out-patient are way beyond most people’s needs. Significantly, with specialists charging more, and medical aids paying less, the shortfalls can be astronomical. It is worth looking at Liberty’s gap cover. But for just a small amount each month, it can get you out of a whole lot of trouble.
If you belong to a South African medical aid scheme, please complete and then send the form on this page and we will send you one FREE gap cover quote
All info was correct at time of publishing