Tag Archives: Swiss health insurance

Since 1999, the cost of health insurance has more than doubled. Basic compulsory insurance is now 2.36 times what it was in 1999, while complimentary optional insurance is up by 30%. Overall, disposable income has been reduced by 5.3% by the rising cost of insurance over the last 25 years. Photo by Andrea Piacquadio on Pexels.comSix of the last 25 years had no negative impact on disposable, one had a positive impact and 18 reduced it. 2023, which was among the among the negative years,...

Health insurance premiums will rise by 8.7% on average in 2024, announced the authorities this week. This is the sharpest rise since 2010 when they rose by 8.6%. The average monthly premium across Switzerland in 2024 will be CHF 359.50. © Alexlmx | Dreamstime.comHealth Minister Alain Berset and Federal Office of Public Health (FOPH) director Anne Lévy announced the sharp rise at a media conference in Bern. The rise in costs will be between 6.5% and 10.5% depending on the canton....

Sharply rising health insurance premiums appear to be a key driver behind 27% of people changing insurance provider in 2022, according to a survey by Comparis. © stockcreations | Dreamstime.comAverage premiums for 2023 are 6.6% higher than those for 2022. This sharp rise in premiums was cited as a key factor for changing insurer by 61% of the 3,156 people surveyed by the price comparison website. Other reasons cited were a habit of regularly shopping around (47%) and poor service...

Ahead of deciding on where best to insure in 2023 numerous websites claim to offer reliable health insurance comparison tools. However, many cannot be trusted, according to a report by RTS. © Tatiana Golmer | Dreamstime.comNine out the 16 websites reviewed by a consumer advocacy association failed the test. The nine failing sites offered no product comparison. Instead they merely collected user data that could be used by agents hoping to up-sell lucrative complementary insurance...

Once a year it is possible to (easily) change your health insurance in Switzerland. To do so you must cancel your existing policy by 30 November, a date fast approaching. © Tero Vesalainen | Dreamstime.comDeadline for annual changes is 30 NovemberInsurers must tell their members what next year’s premiums will be by 31 October. Members then have until 30 November to cancel their insurance contract for the following year. All basic insurance contracts offer this possibility. This means if...

The Swiss health insurer Groupe Mutuel announced that it plans to refund CHF 400 million to its policy holders, according to RTS. © Marlon Trottmann | Dreamstime.comThe company, which started returning money to its policy holders two years ago hopes to provide further premium rebates over the next three years. Last year the company returned CHF 101 million and plans a repay a further CHF 113 million in 2022. Over a four year period, total repayments are expected to reach CHF 400...

Switzerland’s largest health insurers are poised to refund around CHF 300 million to policy holders, reported RTS. © Yulan | Dreamstime.comSwitzerland’s health insurers have reserves of roughly CHF 12 billion, around 2 times the minimum reserve requirement, and have been under pressure from the government to return the money to policy holders. This week Switzerland’s parliament decided to go one step further and force them to reduce their reserves. Parliamentarian Lorenzo Quadri said...

In 2020, total reserves held by Swiss health insurance companies reached CHF 11.3 billion, a level equivalent to 203% of the minimum required, according to RTS. © Andrey Popov | Dreamstime.comExcess reserves jumped recently after the government cut the minimum reserve level by one third, part of a move designed to encourage health insurers to align premiums more closely with costs. The government wants to reduce the chance of insurance companies dipping into reserves to support the...

Compulsory Swiss health insurance premiums are set to rise by an average of 0.5% in 2021, according to the Federal Office of Public Health (FOPH). © Svershinsky | Dreamstime.comThe average monthly premium will rise to CHF 316.50, 0.5% higher than in 2020. Premiums have risen an average of 3.7% p.a. since obligatory insurance was introduced in Switzerland in 1996. The average premium for adults will rise to CHF 375.40 (+0.4%), to CHF 265.60 (+0.4%) for young adults, while falling to...

© Tero Vesalainen | Dreamstime.com Swiss healthcare is typically ranked the world’s second most expensive, as a percentage of GDP, after the US. In Switzerland, compulsory health insurance premiums cover 37% of healthcare costs. Much of the rest is covered by tax payers and non-reimbursable out-of-pocket payments by individuals. As part of a plan to reduce costs, this week, the health insurer Groupe Mutuel, launched a new lower cost plan which requires its clients to...