Premium shock 2023
Comparis: Fewer insured people can save a lot of money on premiums in 2023
The number of policyholders who could significantly reduce their premium burden next year has decreased. According to an analysis by Comparis, the reason for this is that even cheap insurers had to increase their premiums.
The jump in premiums will be steep next year: on average, health insurance premiums will increase by 6.6 percent, as the Federal Office of Public Health (BAG) announced last week. An analysis by the comparison service Comparis published on Tuesday shows that fewer insured people could save a lot of money on health insurance premiums in 2023.
According to this, around 900,000 people could save 40 percent or more on health insurance next year. Last year, this savings potential still applied to 1.1 million insured persons. Comparis health insurance expert Felix Schneuwly criticizes that the “politically enforced, excessive reduction in reserves” at the health insurance companies has meant that even cheap health insurance companies have had to increase their premiums significantly. Accordingly, the difference in premiums between the most expensive and cheapest health insurance companies has decreased.
Cheap does not equate to good service
According to Comparis, the savings potential can be realized by insured persons switching to one of the five cheapest health insurance companies in their own premium region, increasing the deductible, or changing the model at their own insurance company. Around 152,000 people with the minimum deductible of CHF 300 could save 20 to 30 percent if they switch to one of the five cheapest insurers or consider a model change.
According to Comparis, people with a maximum deductible of CHF 2,500 still have savings potential. According to this, more than 11,244 policyholders could reduce their premium burden by 20 to 30 percent by changing insurers with the same model.
However, the comparison service also points out that cheap does not always equate to good service quality. For example, many low-cost health insurers bill the services according to the “tiers garant”. This means that insured persons pay the doctor’s bill themselves and then send it to the health insurance company for reimbursement. Felix Schneuwly therefore recommends: “Anyone who is short on cash and has high medical costs should definitely inquire about the billing modalities before switching health insurers.”