With 2019 health insurance premiums now announced, switching providers could save you money. As experienced insurance advisors, we've outlined five essential points to evaluate for a smart decision.
1. Will switching actually save you money?
Don't rush based on headlines about premium hikes or differences. Price gaps are significant, so review your policy and personal circumstances closely. Now's the ideal time to compare—research might reveal substantial annual savings, especially if your needs have changed.
2. What are the policy conditions?
Comparing insurers isn't straightforward as coverage varies widely. Can you select your own doctors and hospitals, or is choice limited? Will you pay upfront for care, or does the insurer reimburse directly? Less freedom might mean lower premiums—assess if the trade-offs suit you.
3. What matters most to you?
Prioritize your needs for the best switch: freedom to choose providers, online management, or extras like physiotherapy, glasses, or braces? Compare reimbursement rates across policies. If you anticipate specific care in 2019, seek insurers with the strongest coverage there.
4. Should you raise your deductible?
The mandatory deductible stays at €385. Opting for a voluntary €885 excess lowers monthly premiums but requires careful thought. Even healthy individuals face unexpected issues—ensure you have savings to cover it if needed.
5. Interested in online-only health insurance?
Many providers now offer budget-friendly digital policies handled entirely online. Ideal for tech-savvy savers looking to cut costs further.
