For those of you who have travelled on a tube in London, you’ll know the familiar sound of the lady saying “Mind the gap.” as you step on and off your tube. In fact, even if you haven’t travelled to the Big Smoke, you’ve probably heard about it.
However, when people buy health cover they’re very seldom told to mind the gap. I always try to make it very clear to my clients that the gap in their cover exists and that there will always be a shortfall in the medical plan payouts for in-hospital costs, but this fact is so quickly lost in the multifariousness of all the other ‘more important’ considerations within a well-balanced financial portfolio. There is no one constantly reminding you to ‘mind the gap’.