A LETTER OF GUARANTEE CAN HELP EASE THE LOAD

Traditionally, Integrated Shield Plans cover the cost of treatment by reimbursing you, meaning that you must pay up front rst. The reimbursement process can sometimes take months, and if the bills are adding up, this can cause you additional stress.

Opt for an integrated plan which offers a Letter of Guarantee. That will get you out of having to pay the cash deposit for hospitalisation or surgery. These plans tend to have higher premiums, with a catch – to qualify, you’ll have to consult a doctor preselected by the insurer.

At the end of the day, the amount of the bill that can be waived by a Letter of Guarantee is capped. Set aside a rainy-day fund to be safe, regardless of how comprehensive your insurance coverage is.