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.