Health insurance contributions increased: Millions affected, change is worth it - financial expert gives advice

Health insurance contributions increased: Millions affected, change is worth it - financial expert gives advice

According to a report from www.fr.de, additional contributions from health insurance companies are increasing, affecting millions of insured people. Changing your health insurance provider could be worth it, but there are a few things that need to be taken into account.

According to information from the WDR service time, more than 20 million insured people are affected by the price increases, as 36 German health insurance companies increased their contributions on January 1st. The additional contributions are between 0.9 and 2.7 percent, which leads to price differences between health insurance companies. AOK Nordost has increased the additional contribution from 1.9 to 2.7 percent, which corresponds to the maximum rate. Changing your health insurance provider could therefore save you between 100 and 600 euros per year, depending on the insured person's gross income.

However, insured people who are currently being treated or have had an aid approved should wait before changing their health insurance provider. It is important to consider not only the price, but also the services offered by the health insurance companies, as not all health insurance companies offer the same dental services or sports programs.

The impact on the market could be that insured people increasingly tend to change their health insurance companies in order to save costs. This could lead to increased competition between health insurance companies to offer more attractive offers in order to attract or retain customers. In addition, the increased cancellation activity could impact the stability of health insurance companies.