Go Back   English Forum Switzerland > Help & tips > Insurance
Reply
 
Thread Tools Display Modes
  #41  
Old 30.03.2012, 15:21
lauseur's Avatar
Newbie 1st class
 
Join Date: Mar 2010
Location: Kreis 4, Zürich
Posts: 24
Groaned at 1 Time in 1 Post
Thanked 29 Times in 10 Posts
lauseur has no particular reputation at present
Re: Deductible / Excess / Franchise - which is the best one to choose?

Quote:
View Post
This post
Deductible / Excess / Franchise - which is the best one to choose?
is spot on

either go with the minimum franchise or the maximum - anything inbetween is pointless

I made a similar graph for my own insurance and the results were identical
I agree that the graph is the best tool for really understanding this decision. I just want to point out that, in line with the first post in this thread, those lines should level off at some point, as the maximum 10% cost sharing after you reach the full deductible/franchise is 700chf, i.e., 7000 chf additional in hypothetical medical bills post-franchise. This also means that the gulf widens a bit between the maximum and minimum franchise alternatives after you exceed 7300 chf in med bills. The line for the minimum franchise levels out (300 chf franchise + 7000 in med bills) but the maximum franchise still has a way to go before it stops accumulating 10 chf of out of pocket expense for every 100 chf in medical bills.

On my graph (which will vary from yours based on location, age, and insurer), the difference between max and min gets to be 868 chf at 9500 chf in med bills (2500 + 7000). But I agree with BenderRules that your problems probably are larger than 868 chf extra out of pocket once you're medical situation is incurring over 10,000 chf worth of reimbursable expenses.

The most relevant question is whether you can reasonably predict whether your bills will go past the point where the maximum franchise line crosses over the minimum franchise line. For me, that point is at 1800 chf. Having never sought medical care in Switzerland, however, I have no good way to make that prediction.
Reply With Quote
  #42  
Old 12.09.2012, 13:36
Junior Member
 
Join Date: Jun 2010
Location: Basel
Posts: 56
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 8 Posts
realnewton has no particular reputation at present
Re: Deductible / Excess / Franchise - which is the best one to choose?

Quote:
View Post
I agree that the graph is the best tool for really understanding this decision. I just want to point out that, in line with the first post in this thread, those lines should level off at some point, as the maximum 10% cost sharing after you reach the full deductible/franchise is 700chf, i.e., 7000 chf additional in hypothetical medical bills post-franchise. This also means that the gulf widens a bit between the maximum and minimum franchise alternatives after you exceed 7300 chf in med bills. The line for the minimum franchise levels out (300 chf franchise + 7000 in med bills) but the maximum franchise still has a way to go before it stops accumulating 10 chf of out of pocket expense for every 100 chf in medical bills.

On my graph (which will vary from yours based on location, age, and insurer), the difference between max and min gets to be 868 chf at 9500 chf in med bills (2500 + 7000). But I agree with BenderRules that your problems probably are larger than 868 chf extra out of pocket once you're medical situation is incurring over 10,000 chf worth of reimbursable expenses.

The most relevant question is whether you can reasonably predict whether your bills will go past the point where the maximum franchise line crosses over the minimum franchise line. For me, that point is at 1800 chf. Having never sought medical care in Switzerland, however, I have no good way to make that prediction.

Here you have a graph with the corrections you mentioned, for a fiducial insurance company. I completely agree with you that it only makes sense to decide between maximum or minimum franchise. Unfortunately this year I had to go quite frequently to the doctor, for several minor things. So I guess that my yearly expense might be indicative of an average healthy person with a not specially good year. And interestingly my expenses are around the point where minimum and maximum franchises cross... Which is indicating me that the insurance companies have done their homework...

I would rather say that for an average healthy person, the maximum franchise is, most of the time, more money-saver. But, as you can see in the graph, if you cross the line that lies between 1600-1800.-/year of medical expenses you can end up paying around 700-800.-/year more than having the minimum franchise.
Attached Thumbnails
deductible-excess-franchise-best-one-choose-franchise.png  
Reply With Quote
  #43  
Old 04.12.2013, 07:46
Newbie
 
Join Date: Jun 2010
Location: Zurich
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
intefix has no particular reputation at present
Re: Deductible / Excess / Franchise - which is the best one to choose?

Hello...more thanks for infos here to all guys...
Until 2013 I had the European Health card from Greek Public Insurance.
Now we have to start health insurance in Switzerland.
I have B residence permit in CH (Zuerich Canton).
I found this company
Ιs compatible with Swiss law? Send me a Swisscare Expatriate Product Comparison that attach it.
Can you help me?
Attached Files
File Type: pdf 2013 Swisscare Expatriate Product Comparison.pdf (380.0 KB, 589 views)
Reply With Quote
  #44  
Old 12.06.2016, 23:02
Newbie
 
Join Date: Jun 2016
Location: Zurich
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 1 Post
omnikh has no particular reputation at present
Re: Deductible / Excess / Franchise - which is the best one to choose?

Inspired by earlier posts on this thread, I created a Google Spreadsheet that plot the deductible graphs. Feel free to share:

https://docs.google.com/spreadsheets...gid=1513110340
Reply With Quote
The following 2 users would like to thank omnikh for this useful post:
Reply

Tags
deductible, franchise, health, insurance, sticky thread




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Cash excess in CHF and where to put it. Papa Goose Finance/banking/taxation 18 05.01.2009 22:26
Are rental payments tax deductible? dabutiman Finance/banking/taxation 16 25.03.2008 11:49
Health Insurance Franchise / Retention question Psyk Insurance 10 26.10.2007 03:10
Question about franchise (deductable) bozothedeathmachine Insurance 13 21.05.2007 21:13
Excess Baggage Aussie_Bill Other/general 1 18.05.2007 13:00


All times are GMT +2. The time now is 05:28.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0