Increase in the OAL (Overall Annual Limit) – effective 1st April 2023
National Treasury annually publishes new limits under the Demarcation Regulations. As of 1 April 2023, the limit for medical expense shortfall (Gap) policies has been increased from R185,837.63 to R198,660.43. Turnberry has increased the overall annual limit on all policies we administer with these benefits, with effect from 1 April 2023. Our clients automatically qualify for the adjusted overall annual limit.
Gap cover is a short-term insurance product that helps protect you from medical expense shortfalls, which happen when your doctor charges more than the medical aid rate for in-hospital treatment, or the hospital charges co-payments for operations. These unanticipated expenses can leave you with an unexpected financial burden that you will have to pay for out of pocket. With rampant medical inflation and the cost of medical procedures constantly increasing, this could easily run into hundreds of thousands of Rands.
As medical aids are under constant pressure to balance benefits with affordable contributions, they have had to resort to creative strategies to attempt to maximise coverage. This means that co-payments now exist where previously there were none, and members are now being restricted to using certain providers at certain networks, with penalties applied if patients go outside of these networks.
Gap cover has become an essential component of any financial portfolio to protect you against potentially crippling medical expense shortfalls, no matter how young and healthy you are. Often, it is the unforeseen that can result in the most significant medical expense shortfalls, but with gap cover in place you can protect your financial wellbeing alongside your physical health.
Turnberry’s Mission is to offer our Clients security and assurance, especially during those times when they need us most.
Click here to Apply and Get Cover, or if you need a Turnberry representative to contact you to assist with the solution to suit your needs, please click here.
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Client Testimonials
We will most definitely recommend Turnberry Gap Cover to friends and family. Will definitely persuade such a person to consider Turnberry. Awesome service
By covering my medical aid shortfall and providing a sense of comfort knowing my family will be taken care of. The premium amount is worth the peace of mind.
I could not believe how simple and straightforward the claims procedure was. All the information that was requested was immediately available via email. My submission was acknowledged within hours and I was kept abreast of the progress of the claim at each step. Nothing could have been easier. Thank you
I have been on Turnberry for almost 18 years and have always been impressed with the promptness of the claims process. I have always recommended Gap Cover, and feel it is a necessity, which you cannot afford not to have in SA
Awesome service from one of the best gap covers on the market, definitely been worth it for us.