While the National Health Insurance (NHI) promises universal coverage, the reality is that South Africans could face years of uncertainty, legal battles and implementation delays that leave critical gaps in healthcare protection. This is according to Tiago de Carvalho, CEO of Ambledown Financial Services, who says: “South Africans face an increasingly complex and costly medical…
Maximising Your Medical Cover: Tips for Protecting Your Health and Your Wallet Making sure your family has the best possible medical cover is a top priority but achieving that goal can be challenging. “Medical plans are complex, and there are many products, including gap cover to ensure high costs don’t derail your finances,” says…
Times are challenging, and with medical costs on the rise, it’s not surprising that gap cover is becoming an even more important part of the mix. One of the significant long-term consequences of the COVID-19 pandemic is that consumers have become very aware of the importance of having adequate medical coverage in place. Given…
More and more South Africans are recognising that gap cover has become an integral part of their planning to ensure financial and physical wellbeing. By Michael Emery, Marketing Executive at Ambledown Financial Services Advances in medical science and technology, combined with better sanitation and hygiene, have dramatically increased life expectancy and quality of…
Making sure your family has the best possible medical cover is a top priority, but achieving that goal can be challenging. “Medical plans are complex, and there are many products, including gap cover to ensure high costs don’t derail your finances,” says Michael Emery, Marketing Executive at Ambledown Financial Services. “Working out which plan is…
It will help ensure that your payments are settled promptly. By Michael Emery, Marketing Executive at Ambledown Financial Services A recent article in the Financial Mail makes clear gap cover is becoming more prevalent. A key driver is persistent medical inflation, so the gap between what a medical scheme pays and what is…
If there is one thing that Covid lockdowns taught us, it’s the need for financial resilience. As many of us found, the unexpected can occur, and having a cushion of savings to fall back on is critical. “South Africans just don’t save enough, and it’s therefore doubly important that their savings are not depleted unnecessarily…
We wish to inform you that as of 1 March 2024, there have been revisions to the contact information for the Ombudsman services. The Office of the Long-term Insurance Ombudsman (OLTI) and the Office of the Short-term Insurance Ombudsman (OSTI) have transitioned to the National Financial Ombud Scheme. Below are the updated details for your…
What isn’t included in Gap cover? We cover a list of exclusions in the upcoming series. It’s important to note that gap cover is not designed to cover shortfalls in your day-to-day medical expenses but your major medical procedures. General 3 months waiting period? A general 3 months waiting period is applied to all new…
