iGap Saves Thousands Of Rand and that is a fact, it is one of the lowest cost insurance products and perhaps one of the most important. Did you know that even if you have a medical aid plan in place, a hospital admission can end up costing you far more than you bargained for. Which comes as an unpleasant surprise to most people. Why? Because we never did quite understand the way that hospital billing works. Therefore, in order to help you avoid a similar fate, now is a good time for you to learn.
iGap Saves Thousands Of Rand
Hospital Bills and Medical Aid
When you check your medical aid plan as far as hospital coverage is concerned you will often find that you appear to be covered ‘100%’ for most actual medical and surgical procedures. Which sounds great. If you do end up in the hospital for some reason at least you won’t have to have the worry of bills hanging around your neck while you recover.
The problem is that many people miss an important piece of small print, or don’t quite understand what it means if they do spot it. They are covered at 100% of plan rate. Plan rate is the amount that the medical aid has agreed to pay for a certain service. These rates are set every year according to a fairly strict set of both industry and legal standards and guidelines. But why would that change anything? The plan rate may not marry up to the Hospital rate and this is where you are at risk.
iGap Saves Thousands Of Rand
Doctors, Specialists and Hospital Bills
The problem in this scenario is that no doctor, specialist or other hospital services provider is actually bound to accept a medical aid’s set rate for their services as acceptable full payment. They can, in essence, charge what they like, and a great many do not believe that the medical aid rate is enough. This means that their bill may be 50%, 100% or even 200% higher than the amount a patient is covered for. Which is where those unexpected bills come from and the reason we say iGap Saves Thousands Of Rand
iGap – The Best Line of Defense Against Unexpected Hospital Bills
So what is a poor patient to do? Their medical aid is not going to pay out a higher rate just because the bill is higher, their rates are set in stone every year. The patient can try to haggle with the medical provider’s billing office, but as in many cases the services have already been rendered, they are not in the best of bargaining positions. And does anyone really feel like even trying to drive a bargain when they are also trying to recover from whatever illness or injury landed them in the hospital in the first place? No of course they don’t.
The best way to avoid surprise hospital bills is in fact to anticipate them. And the best way to that is to take out gap coverage, such as is provided by iGap. Gap coverage is exactly what it sounds like. It covers the gaps between what a medical professional charges and what a medical aid is willing to pay. And the coverage is good too, up to 500% of the standard medical aid rate. Which can translate to the avoidance of thousands of rand in excess medical charges even for a single major hospitalization.
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