Changing health insurance companies: This is how people with statutory health insurance can save hundreds of euros per year - financial test analysis

Changing health insurance companies: This is how people with statutory health insurance can save hundreds of euros per year - financial test analysis

According to a report by www.n-tv.de, those with statutory health insurance can consider switching to another health insurance provider if their health insurance premium rates increase. According to an analysis by the magazine “Finanztest”, comparing different health insurance companies can create significant savings potential.

The lowest contribution rate for statutory health insurance is currently 15.58 percent of gross income and the highest is 16.59 percent. Switching from the most expensive to the cheapest health insurance company can mean a saving of around 142 euros per year with an income of 2000 euros per month. With higher income, the savings potential also increases, and employees with an income of 3,000 euros per month can already save around 214 euros per year.

It is important to note that an increased contribution rate creates a special right of termination for the insured. In this case, it is possible to change health insurance companies without fulfilling the usual twelve-month membership period. A simple application to the receiving health insurance company is enough to switch from your current health insurance company. The new fund then takes over contact with the old fund and informs the insured person when the membership begins.

However, “Finanztest” recommends not only considering the financial advantages when changing health insurance companies, but also checking the differences in additional services, service and accessibility of the health insurance companies. It is important to carefully consider all factors when selecting a new health insurance provider.

The analysis by “Finanztest” shows that the health insurance premium rate is a decisive factor for the financial burden on those insured. An increase in the contribution rate can lead to increased switching behavior among insured persons in order to save costs and at the same time receive appropriate care. This switching process could therefore have an impact on the market and lead to health insurance companies having to advertise more for members and make their tariffs and services more attractive in order to remain competitive.