The Best Medical Aids
The Best Hospital Plans
Overall, Medway GapPremium Senior is a trustworthy short-term insurance product designed to provide extra protection for those who already have medical aid. The Medway GapPremium Senior Plan starts from R900 ZAR. Medway has a trust score of 4.1.
π Provider | π₯ Medway GapPremium Senior |
π₯ Years in Operation | 35 years |
π§ Underwriters | Guardrisk |
π¨ Market Share in South Africa | <1% |
π© Gap Cover Waiting Period | 3 β 12 months |
π¦ Do Exclusions Apply | β Yes |
πͺ Average Monthly Premium | R900 |
π₯ Oncology Benefit | β Yes |
π§ In-Hospital Benefit | β Yes |
π¨ Out-of-Hospital Cover | β Yes |
The Medway GapPremium Senior is one of ten plans that starts from R900 per month. The Medway GapPremium Senior plan has benefits for non-DSP network co-payments, sub-limits, procedural co-pays, casualties, cancer, and more.
Medway Gap CoverΒ has nine plans to choose from
π °οΈ Gap Cover Option | π ±οΈ Average Price Per Month |
GapPremium Senior | From R900 per month |
π₯ Benefits | Cover Amount |
π§ Tariff and Medical Scheme Shortfall | Covers up to 600% |
π¨ Chemotherapy, Radiotherapy, Kidney Dialysis, Outpatient Treatment | N/A |
π© Medical Procedures performed in the doctorβs room | N/A |
π¦ Consumables for Hospital Disposables | R3,000 per family per year |
πͺ Hospitalization or Death because of an Accident | R10,000 per family per year |
π₯ Casualty/Emergency Room Cover | R10,000 per family per year |
π§ Sub-limit Cover | R185,000 per insured person per year |
π¨ Appliance/Prostheses Cover | R3,000 per family per year |
π© Procedural Co-payment cover | R185,000 per insured person per year |
π¦ Non-Network Hospital Co-payment Cover | R13,500 per family per year |
πͺ Premium Waiver | R20,000 per family per year |
Medway Gap Cover Exclusions include:
Injuries or illnesses resulting from substance abuse, including drug and alcohol misuse will be excluded.
Medway gap cover policies are designed to provide immediate benefits without a general waiting period. Therefore, your coverage starts as soon as the policy is in effect.Β However, the underwriter may impose a three-month general waiting period unless the Premium Waiver benefit is utilized, eliminating the waiting period.
Moreover, if you have any pre-existing medical conditions diagnosed or treated before applying for the policy, a standard waiting period of 12 months will apply. Therefore, disclosing all relevant conditions on your application form is important to ensure accurate coverage.
π Provider | π₯ Medway GapPremium Senior | π₯ Sirago Ultimate Gap | π₯ iWYZE Gap Cover |
π₯ Years in Operation | 35 years | 30 years | 13 years |
π§ Underwriters | Guardrisk | GENRIC Insurance Company Limited (FSP: 43638) | Old Mutual Insure Limited |
π¨ Market Share in South Africa | <1% | >10% | 15%> |
π© Gap Cover Waiting Period | 3 β 12 months | From 3 months (up to 12) | 3 β 12 months |
π¦ Do Exclusions Apply | β Yes | β Yes | β Yes |
πͺ Average Monthly Premium | R900 | R498 | Variable |
π₯ Oncology Benefit | β Yes | β Yes | β Yes |
π§ In-Hospital Benefit | β Yes | β Yes | β Yes |
π¨ Out-of-Hospital Cover | β Yes | β Yes | β Yes |
π© Maternity Benefit | None | β Yes | β Yes |
π¦ Scopes and Scans | β Yes | β Yes | β Yes |
πͺ Co-payment Cover | β Yes | β Yes | β Yes |
π₯ Emergency Room | β Yes | β Yes | β Yes |
π§ Accidental Cover | β Yes | β Yes | β Yes |
π¨ Trauma Counseling | None | β Yes | None |
π© Premium Waiver | β Yes | β Yes | β Yes |
π¦ Non-DSP Co-Payment | β Yes | β Yes | β Yes |
πͺ Prostheses | β Yes | β Yes | β Yes |
π₯ Travel Cover Extender | None | None | None |
π§ Accidental Death/ Permanent Disability | β Yes | β Yes | β Yes |
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According to our research, Medway GapPremium Senior is a comprehensive gap cover plan offering various benefits and cover for various medical expenses.Β However, there are limitations and drawbacks to consider. Our findings show that the policy imposes a waiting period of 3-12 months for all benefits unless the Premium Waiver benefit is utilized or for pre-existing conditions.
In addition, GapPremium Senior does not cover maternity benefits or conditions like depression, insanity, mental stress, and psychotic disorders.
Medway GapPremium Senior is a comprehensive gap cover plan offered by Medway that provides additional cover for medical expenses not covered by medical schemes.
Guardrisk Insurance Company Limited underwrites Medway.
The average monthly premium for Medway GapPremium Senior is R900.
Yes, Medway GapPremium Senior provides cover for oncology treatments.
The suitability of Medway GapPremium Senior depends on individual needs and preferences.Β It could be suitable for those seeking comprehensive coverage for major medical expenses, but individuals should review the policy terms and compare them with their specific healthcare needs before deciding.
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