Financial tip: Insurance contributions and care allowance will rise in 2024 – you should know that now

Financial tip: Insurance contributions and care allowance will rise in 2024 – you should know that now

According to a report by amp.focus.de,
Inflation will lead to price increases for insurance, care allowance and e-prescriptions in 2024. In particular, contributions for car, house and furnishings insurance as well as health insurance contributions are rising. In addition, the e-prescription will be mandatory from January 1st, and the care allowance for caring for relatives will be increased by 5 percent.

In the area of ​​motor vehicle insurance, inflation will increase prices, which may lead to higher premiums for home, contents and motor vehicle insurance. It is recommended to compare the prices and use the special right of cancellation in order to switch to cheaper offers if necessary. This is likely to lead to increased competition among insurers, which could be beneficial for consumers.

The increase in the average additional contribution in statutory health insurance could lead to insured people switching to health insurance companies with lower contributions and better additional benefits. This is likely to lead to increased competition among health insurance companies and could lead to improvements in the service and benefits offered.

The introduction of e-prescription will lead to a reduction in paperwork and increased digitalization in the healthcare system, which could lead to increased efficiency in the long term.

The increase in carer's allowance is expected to help reduce the financial burden on carers and improve recognition of their important work.

Overall, rising prices and new regulations will impact the market for insurance, health services and care services and could result in changes in competition, services and offerings to consumers.