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Assura’s health premium rise exceeds its refund

Summary:
On 4 October 2021, Assura informed 500,000 policy holders they would receive a refund. Earlier, on 28 September 2021, the Federal Office of Public Health (FOPH), presented the company’s premiums for 2022. For many policy holders, next year’s premium increases will substantially exceed this year’s refunds. © Transversospinales | Dreamstime.comNext year, annual premiums under one of Assura’s plans (PharMed) are set to rise by CHF 75 for adult with a CHF 300 deductible and by CHF 62 for a child with no deductible. The annual premium increase rises to CHF 136 for an adult on the same plan with a deductible of CHF 2,500. The refunds announced by the company on 4 October 2021 are CHF 60 per adult and CHF 30 per child. This means a family of four could receive a CHF 180 refund this year

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On 4 October 2021, Assura informed 500,000 policy holders they would receive a refund. Earlier, on 28 September 2021, the Federal Office of Public Health (FOPH), presented the company’s premiums for 2022. For many policy holders, next year’s premium increases will substantially exceed this year’s refunds.

© Transversospinales | Dreamstime.com

Next year, annual premiums under one of Assura’s plans (PharMed) are set to rise by CHF 75 for adult with a CHF 300 deductible and by CHF 62 for a child with no deductible. The annual premium increase rises to CHF 136 for an adult on the same plan with a deductible of CHF 2,500.

The refunds announced by the company on 4 October 2021 are CHF 60 per adult and CHF 30 per child.

This means a family of four could receive a CHF 180 refund this year only to face extra premium payments of CHF 396 in 2022, leaving them CHF 216 worse off.

Assura, which provides insurance to around 1.1 million people, nearly 1 in 12 people in Switzerland, describes itself as a company offering sustainably competitive premiums.

On 28 September 2021, FOPH published health insurance premiums for 2022. Despite a small average decline in premiums compared to 2021, many will see their premiums rise. The Swiss government voiced disappointment at the small average drop and said that much more must be done to rein Switzerland’s high healthcare costs.

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