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Old 17.08.2017, 23:00
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Could you please help me pick a franchise

Hi everyone,

Quick question: if I pay my health insurance all at once instead of a little every month, does it matter what franchise I choose (high or low), since I will immediately pay it. If it goes into power immediately, it makes sense for me to choose a high one because overall I will have to pay less. On the other hand, I am having medical consults immediately after I purchase my insurance, so I wanna be sure.

Thanks!
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Old 17.08.2017, 23:03
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Re: Could you please help me pick a franchise

my opinion: if you don't expect to visit a doctor or didn't do so in the last 1-2 years, and can take the risk of paying 2500 CHF, choose the highest possible franchise. otherwise go for a low franchise.
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Old 17.08.2017, 23:17
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Re: Could you please help me pick a franchise

I am visiting a doctor soon, but if I pay the whole insurance immediately, I will have theoretically reached the franchise, right?
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Old 17.08.2017, 23:21
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Re: Could you please help me pick a franchise

KFC.

Tom
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Old 18.08.2017, 00:32
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Re: Could you please help me pick a franchise

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Quick question: if I pay my health insurance all at once instead of a little every month, does it matter what franchise I choose (high or low),
Obviously it still matters, since your insurance premium depends on chosen franchise

Quote:
On the other hand, I am having medical consults immediately after I purchase my insurance, so I wanna be sure.
Yes, it's a nice little loophole for newcomers: you're covered for basic health insurance unconditionally since the moment you've registered in CH as a resident, but you get 3 months to choose insurer and franchise, which determine insurance costs, and insurer then has to backdate your coverage from day 1.

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I am visiting a doctor soon, but if I pay the whole insurance immediately, I will have theoretically reached the franchise, right?
you're talking rubbish now
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Old 18.08.2017, 00:42
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Re: Could you please help me pick a franchise

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I am visiting a doctor soon, but if I pay the whole insurance immediately, I will have theoretically reached the franchise, right?
I don't think you understand the concept right.

What you pay per month/year doesn't count towards your franchise.
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Old 18.08.2017, 07:52
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Re: Could you please help me pick a franchise

Insurance premiums are what you pay for health insurance cover. The franchise is what you pay in medical costs before the insurance cover kicks in, no relation to your premiums. You can have a franchise of 2,500 and be paying 3,600 a year for health insurance, but you still need to pay that 2,500 yourself for any medical costs before the insurance will start paying them. After you use up your franchise you will then pay only 10% of any medical costs (part-quote) until that reaches 700 (10% of 7,000), then any medical costs are completely covered by the health insurance - until the start of the new year when you're back to having to pay 2,500 of the costs yourself until the insurance kicks in again.

If you don't want to pay a lot first then choose a lower franchise, but expect your health insurance premiums to be higher and vice versa - high franchise, lower premiums.

If you're a student (according to your profile) then check if you're entitled to an exemption - your uni/school will be able to help you with this. If not then look for a specialist student health insurance provider like Swisscare where premiums are lower generally. But be warned Swisscare is an insurer where you have to pay ALL medical costs first and then claim them back from the insurer afterwards regardless of your franchise. If you need expensive meds/treatment then look for an insurer where doctors/hospitals claim direct from the insurer first who will then invoice you for your share of the costs.
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Old 18.08.2017, 09:39
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Re: Could you please help me pick a franchise

I always only considered the extremes, and would follow the advice:
- if you are generally healthy, not pregnant or don't expect to go visiting the doctor often, go for the highest - 2500
- if any of the contrary, go for the lowest - 300

Here's an analysis I made for myself back when I was eager. (2014, single 26yo, SWICA)
X axis: expenses
Y axis: paid in (monthly fee x 12 + expenses)

In summary, only from the point where your yearly expenses reach ca. 1800CHF are you better off with taking the 300 vs 2500.
(use other inflection points for other comparisons)

Some final numbers from the calculations which generated the chart:
- maximum potential savings with taking 2500 vs 300 (no health expenses in a year): 1363CHF
- maximum potential loss with taking 2500 vs 300 (maximum expenses in a year): -1056CHF
- max savings 1500 vs 300: 781CHF
- max loss 1500 vs 300: -538CHF
Attached Thumbnails
could-you-please-help-me-pick-franchise-swica.jpg  

Last edited by gipfelisturmer; 18.08.2017 at 09:53.
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Old 18.08.2017, 14:10
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Re: Could you please help me pick a franchise

Thanks for this. I also came to a similar conclusion. If you pick the wrong one, it doesn't cost that much different in the larger scheme of things.
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