Inside Your Pocket: What are waiting periods and why do medical schemes and gap cover providers have them?

When you join a medical scheme or gap cover, it is important to understand that waiting periods may apply to the cover. These depend on how long of a break there has been in your cover as well as how long you have had cover for, along with other factors. To understand what waiting periods may apply, and importantly, why medical schemes and insurers have them, we speak to Wendy Bussey, Business Development At Turnberry Management Risk Solutions.