Stratum™ gap cover closes the gaps

    September 14, 2019

    Stratum™ received the Financial Intermediaries Association’s 2017 Award as Product Supplier of the Year.  It continually expands and improves its health insurance product range. And Stratum offers a wide spectrum of gap cover products to suit all lifestyles and budgets.

    In fact, Stratum™ welcome senior citizens, offering gap cover from as little as R332 a month.

    Monthly premiums are available for the younger generation from as little as R110. Stratum™continues to set itself aside from the opposition. It offers gap cover benefits such asOverall Policy Limits (OPL) of R157 000 per person annually.

    Singles, families and senior citizens are eligible for Stratum™ gap cover. The company offers the options and the flexibility necessary. Ensure you can meet those unforeseen out-of-pocket medical expenses that medical schemes don’t cover.

    Stratum Gap Cover for South African Medical Aid Members

    And now Stratum™ has introduced premium waiver benefits.Consequently, policyholders who are unable to work because of illness or an accident can recuperate without worrying about meeting their monthly gap cover payment obligations.

    Why Stratumgap cover is a necessity

    Gone are days when medical aid cover was sufficient to meet the financial healthcare needs of South African families.

    Medication costs are rising and medical practitioner and private hospital fees are exorbitant. They erode the value of stand-alone medical aid cover. It has also affected the cost of medical aid. Monthly premiums are going through the roof.

    It is no wonder then that many South African wonder why they need more healthcare cover. However, the reality is that gap cover is no longer a luxury. In fact, it is an absolute necessity if you want to safeguard your family from unexpected and substantial financial setbacks.

    Gap cover does exactly what its name implies.  It covers the gap between what your medical scheme pays in terms of its prescribed tariff rate and what you are billed for your treatment or procedure by your medical professional.

    Stratumproducts  are based on experience

    Stratum has and continues to build its experience and reputationbased on nearly two decades of service. It has evolved a number of different gap cover options to suit all lifestyles and budgets.

    • Benefits include options such as co-payment insurance that will cover you for those additional fees charged by your medical aid scheme for hospital admissions and certain medical procedures.
    • Closing the gap, Stratum will cover you for up to 500 per cent of the difference between medical scheme tariffs and private hospital and practitioner fees.
    • Another benefit is that a Stratum gap cover policy can cover you for limits and sub-limits imposed by your medical scheme for hospital procedures, oncology treatments and prosthetic limbs. The cost of these items is capped by medical schemes and without gap cover you will be personally liable for the shortfalls.
    • Gap cover also offers the option of a casualty benefit that will cover treatments in the event of an emergency such as a motor accident. This crucial cover is not included by most medical aid schemes.

    Safeguard yourself and your family today by completing the form on this page to receive an accurate gap cover quote for a policy streamlined to suit your needs.

    All info was correct at time of publishing