Do you have a Gap Cover policy?

Do you have a Gap Cover policy?

  • Yes

    Votes: 121 50.2%

  • No

    Votes: 114 47.3%

  • Other

    Votes: 6 2.5%
  • Total voters
    241
I made the difficult decision this year to rather cancel my medical aid all together.

I'm just going to save the money myself and create my own fund so to speak.
 
Wife got admitted into emergency last November for about 5 hours(she had a drip and few tests conducted), by that time the MSA was long finished. Been receiving bills, sent to Stratum, no cover for emergency room visits, have to be admitted. Yup, Viva NHI!!! Lol
 
Harmonic said:
Sounds like the same type of daft thinking you exhibit in other threads. Hope you have a couple of mil in your own "fund"
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well lets see, the last claim I had involved a month of hospitalisation and 4 or 5 months of after care, the total medical bill came to R300k

my savings in my medical aid already is over that, so I'm going to take my chances

my thoughts on pensions was also described as daft on this forum, and now years later my thoughts are starting to manifest
 
saturnz said:
well lets see, the last claim I had involved a month of hospitalisation and 4 or 5 months of after care, the total medical bill came to R300k

my savings in my medical aid already is over that, so I'm going to take my chances

my thoughts on pensions was also described as daft on this forum, and now years later my thoughts are starting to manifest
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Cool. Now do it twice. ie, do two (or three) trips to the hospital for R300k each. Do the savings still add up?
 
Dylan_G said:
Cool. Now do it twice. ie, do two (or three) trips to the hospital for R300k each. Do the savings still add up?
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The last claim was over ten years ago and it wasn't me but a dependent.

Try harder, add probabilities to your scenarios.

Even when I presented my case to Bonitas they couldn't provide a reasonable response.
 
Got a quote from Discovery for Gap Cover and almost fell of my chair laughing. It was double my medical aid premium lol. Thanks, but no.
 
saturnz said:
The last claim was over ten years ago and it wasn't me but a dependent.

Try harder, add probabilities to your scenarios.

Even when I presented my case to Bonitas they couldn't provide a reasonable response.
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A R300k bill 10yrs ago is probably double if not triple that now for the same admission.
I would only be comfortable without medical aid if I had 1bar in the bank, even then it may not cover some dire situations. Granted you can join a medical aid ASAP after a severe medical condition surfaces and hope the 1 bar tides you over the 12 month exclusion period that joining a medical aid entails.
 
airborne said:
A R300k bill 10yrs ago is probably double if not triple that now for the same admission.
I would only be comfortable without medical aid if I had 1bar in the bank, even then it may not cover some dire situations. Granted you can join a medical aid ASAP after a severe medical condition surfaces and hope the 1 bar tides you over the 12 month exclusion period that joining a medical aid entails.
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probabilities...
 
saturnz said:
probabilities...
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Indeed considering once you are dead or severely impaired your journey is over, medical aid is a significant hedge against that eventuality.

You say probabilities, one unfortunate car accident that may not even be your fault is all it can take.

Further to that if you are in a bad accident they will take you to a government hospital if you have no medical aid and are not compos mentis and able to provide the necessary financial surety to a private hospital so they can admit you.
 
saturnz said:
The last claim was over ten years ago and it wasn't me but a dependent.
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10 years is a long time. I haven't been to a hospital myself in like 25 years.

Here's a question for you though... The more time elapses, the older a person gets... The older a person gets... does that make them more or less likely to have health issues and require hospitalisation?

saturnz said:
Try harder, add probabilities to your scenarios.
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I don't really want to.
saturnz said:
Even when I presented my case to Bonitas they couldn't provide a reasonable response.
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I get this funny feeling they didn't want to try either. :laugh:
 
saturnz said:
probabilities...
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I don't understand what you mean. Probabilities are exactly that... Things that are highly likely (to even, almost certainly) going to happen.

Yet you say "probabilities" and then act like those events are "low possibilities" or "unlikely"?
 
airborne said:
Indeed considering once you are dead or severely impaired your journey is over, medical aid is a significant hedge against that eventuality.

You say probabilities, one unfortunate car accident that may not even be your fault is all it can take.

Further to that if you are in a bad accident they will take you to a government hospital if you have no medical aid and are not compos mentis and able to provide the necessary financial surety to a private hospital so they can admit you.
Click to expand...

I don't drive so if I'm in an accident I'm looking at 3rd party claim

next
 
saturnz said:
you seem triggered given all these responses

it's my decision, I haven't advocated others do the same

what do you expect to gain from this exchange
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Not at all bro. Hence the :

saturnz said:
Try harder, add probabilities to your scenarios.
Click to expand...
Dylan_G said:
I don't really want to.
Click to expand...

saturnz said:
what do you expect to gain from this exchange
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Some insight into your reasoning behind the decision to ditch medical aid and do the whole savings thing. I thought there might be a compelling argument along with some mathematical logic buttttt I don't think I'm gonna find either here. :laugh:
 
Dylan_G said:
Not at all bro. Hence the :





Some insight into your reasoning behind the decision to ditch medical aid and do the whole savings thing. I thought there might be a compelling argument along with some mathematical logic buttttt I don't think I'm gonna find either here. :laugh:
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I already gave sufficient insight for this forum, I am not advocating others do the same, in which case you may have a point.

but once again, I'm under nobody's interrogation on this forum
 
saturnz said:
I already gave sufficient insight for this forum, I am not advocating others do the same, in which case you may have a point.

but once again, I'm under nobody's interrogation on this forum
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Before ditching medical aid, what were your monthly contributions?
 
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