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Old 21.08.2012, 11:18
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Re: Pregrant - Which Insurance do you suggest

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Thanks a lot for all your responses, its very helpful. Most probably, I will suggest her to join me in KPT or join .Helsena




I guess regardless of the premium, one ends up paying somewhere around the same

e.g. Excess of 300 CHF comes with a monthly premium of around 450 CHF. Incase you do have bills more than 250 CHF per year, you pay 450 * 12 + 300 = 5700 CHF max

If you are healthy then you take the excess of 2500 CHF and pay 250 CHF per month, which comes to 5500 CHF.

If give or take 200/300 CHF. Plus the insurance companies do not pay you back everything I guess. So I guess regardless of the excess, if you as long as you maxing out your limit, u r gonna pay the same.

Did I get it wrong ?
That's about right - I just ran a bunch of calculations last week to see if we should change our franchise.

With a 2500 CHF franchise, our monthly cost = 220 per person, or 2640 CHF/year. If we ended up with 2500 in medical costs, then we would pay 5140 over the year, though there is a risk that some of that would all come at once.

With a 300 CHF franchise, our monthly cost = 330 per person, or 3960 CHF/year. If we ended up with 2500 in medical costs, then we would pay the 300 CHF and then 10% on the remaining 2200. So my total cost over the year would be 4480 CHF.

I won't share the full spreadsheet to show my nerdiness, but it seems that if you're pretty sure that you will have at least 2000 CHF in medical bills over the year that would be covered by insurance, then going for a lower franchise makes sense. However, if you're less sure, then it might not make sense. If you pay the lower franchise premium, you are definitely going to pay more over the course of the year in premiums, but you might not recoup that if you don't have that much in the way of medical bills for the year. Like all things, a bit of a risk calculation - and it depends on the specifics of your premium.
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Old 22.08.2012, 06:43
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Re: Pregrant - Which Insurance do you suggest

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That's about right - I just ran a bunch of calculations last week to see if we should change our franchise.

With a 2500 CHF franchise, our monthly cost = 220 per person, or 2640 CHF/year. If we ended up with 2500 in medical costs, then we would pay 5140 over the year, though there is a risk that some of that would all come at once.

With a 300 CHF franchise, our monthly cost = 330 per person, or 3960 CHF/year. If we ended up with 2500 in medical costs, then we would pay the 300 CHF and then 10% on the remaining 2200. So my total cost over the year would be 4480 CHF.

I won't share the full spreadsheet to show my nerdiness, but it seems that if you're pretty sure that you will have at least 2000 CHF in medical bills over the year that would be covered by insurance, then going for a lower franchise makes sense. However, if you're less sure, then it might not make sense. If you pay the lower franchise premium, you are definitely going to pay more over the course of the year in premiums, but you might not recoup that if you don't have that much in the way of medical bills for the year. Like all things, a bit of a risk calculation - and it depends on the specifics of your premium.
We're nerdy too . When we came last year I did the same thing. We had 3 levels of franchises, the middle one was never cheaper, the lowest was only cheaper if you really had a lot of expenses, otherwise the higher franchise won out. Now, we are a family of 5, if it were just 1 or 2 of us getting the lower franchise might seem better. If you will spend all your money you earn each month, then you need a low franchise as you won't be able to pay your bills when they come. But if you have some money put aside, in almost all cases the higher franchise is cheaper. We figure we pay for it if we need it, either way. But if we are heathy, we come out ahead...

BTW, the lowest deductible was lower by less than 1000 CHF in a year with extremely high costs, which we hope to never be the case! However, in what we would consider a normal year, the highest deductible was several 1000s cheaper...
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