Gap cover and hospital cash plans here to stay

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Cape Town - Gap cover and hospital cash plans will continue to be available to consumers, but the days of primary healthcare insurance policies are over, according to new regulations.

There has been a long process of consultation between the ministers of health and finance and the Council for Medical Schemes - the body regulating the medical schemes industry - and the Financial Services Board, the financial regulatory agency responsible for non-banking services industry in SA.

The aim of this process is to clarify where to draw the line between the insurance industry and the medical schemes industry – a line that has become blurred in recent years with medical insurance products coming onto the market. To quote the Council for Medical Schemes:

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