If you are going on holiday, you should ensure that you have travel insurance in case of unforeseen medical expenses. However, you can save money by finding out if your medical scheme already covers you, or if you have travel insurance as part of your bank’s credit card benefits.
Your medical scheme benefits may be enough to cover the costs. Discovery, for example, has a R5 million payout limit on the international travel benefit. This benefit is offered across all Discovery plans, except KeyCare, and has an extended R10 million limit on the executive plan.
However, remember that you may not always be covered if you have a preexisting condition.
Samantha Patron, the managing director of SP Health Solutions, says that when it comes to the aged and those with preexisting diseases, the claims data demonstrate that this is where there is the greatest potential “for things to go wrong”.
This is why it’s important for travellers to know the rules and regulations governing cover, and not to make assumptions about it.
“Read the fine print and consider an additional travel insurance policy if you’re high risk,” she advises.