Mind Your Gap

11/01/2023

Our Feature Speaker this week is Stephen Desmet!

Accolade Financial Panning is a professional independent financial services provider based in Randburg.

Stephen has been consulting in the industry for the past 25+ years and carry a Diploma in Retirement Fund Management from IISA. His passion is ensuring clients’ portfolios are comprehensively analysed and actively managed in order to meet their changing needs over time.

DM to visit us this week Thursday to find out more!

16/10/2021

Are you on Vitality and need more points to boost your status? We are hosting a Wellness Day in Linden on 30th October 2021 where you can top-up all the points you need. Send me a message on 0767753780 for more info & bookings

04/09/2021

Brilliant offer.......

Johannesburg Head Office 011 677 9891 CEO – Tony Singleton tonys@turnberry.co.za GM Operations – Brian Harris brianh@turnberry.co.za GM: Sales and Marketing - James White jamesw@turnberry.co.za Snr. Broker Consultant - Wendy Bussey wendyb@turnberry.co.za Broker Consultant - Joanita Maritz joanit...

13/07/2021

PRODUCT RANGE 2021 PREMIER Premier is the umbrella sheltering your entire family. It offers a vast range of benefits to cater for unforeseen medical expense shortfalls and provides comprehensive cancer benefits. Learn more OPTIMAL Optimal provides a broad array of benefits – enhancing your

21/04/2021

An analysis of gap insurance claims paid by Sirago Underwriting Managers during 2020 shows that not only are average gap claims values rising, but large or mega gap claims are also increasing in frequency, with large shortfalls ranging between R41 000 and R164 000 for in-hospital treatments not paid by medical schemes.

At an average of just over R50 000 per claim and measured against an average premium of R450pm per policy, it means these policy holders have claimed approximately 9,2 years’ worth of premiums paid or still to be collected – demonstrating the crucial role that Gap Cover plays in healthcare financial planning and protecting policyholders from large and unexpected costs which they would need to self-fund if they did not have gap cover in place.

Gap insurance covers the difference that arises from the rate that healthcare specialists charge for in-hospital procedures versus what a medical scheme pays.

11/02/2021

https://businesslink.co.za/employee-benefits-health-and-financial-wellbeing-are-key-to-employee-retention/human-resources/

Health and financial wellbeing are key to employee retention. Employee benefits are one of the best ways of attracting top talent, but keeping employees

12/12/2020

07/12/2020

As the healthcare industry prepares for 2021 on the back of an unpredictable 2020, medical schemes have announced their price increases and this is bound to place additional pressure on limited budgets.

Medical Scheme Profmed has announced an average 5.9% increase in contribution prices for members in 2021. While this is more conservative than some other medical aids, Comrie says the added benefits, as well as a reduction in contributions for lower-income bands on what is the most affordable comprehensive hospital plan on the market more than make-up for the price increases. This allows those who have completed their qualifications to get access to medical scheme benefits.

For Profmed CEO, Craig Comrie urges South Africans not to focus on the contribution increases alone, but to weigh up the benefits and remain on more comprehensive cover when considering the long-term impact of COVID-19 on individuals, families, and businesses.

15/11/2020

12/11/2020

During the tough times, you need a partner that will be by your side navigating you to safety. You have a partner. Turnberry. Navigating the way.
https://turnberry.co.za/

15/10/2020

Gap insurance covers the difference that arises from the rate that healthcare specialists charge for in-hospital procedures versus what medical schemes pay. Unlike the pharmaceutical industry, there is no pricing regulation on healthcare provider tariffs, and with South Africa facing a dire shortage of healthcare professionals, specialists are free to charge any rate, often more than 300% to 500% higher than the rate paid by medical schemes. If your medical scheme option only pays out at 100% of tariff, you will then be liable to pay the shortfall of the other 200% to 400% charged by your healthcare provider as an “out of pocket” expense which can easily run into tens of thousands of Rands.