Private health insurance changes!

20 posts in this topic

Posted

Well, it´s been a long time coming! Women have often and rightly complained that they pay more for private German health insurance than men in Germany of the same age - change is nigh. From the 21st December 2012 only unisex tariffs may legally be offered ie women and men of the same age will pay the same premium for the same tariff. It´s too early to say what impact this will have on the price of health insurance from then but certainly it´ll go up for men. This should not affect existing contracts, by the way.

More information when more is available!

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Posted

John, does this mean that women will no longer have to pay the pregnancy insurance? That just annoyed the crap out of non-reproducing me ;)

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Posted

Ah, ML! This refers to German health insurance policies, which always automatically includes pregnancy/maternity for women! The unisex tariffs, by the way, will also include other insurances: occupational disability / Berufsunfähigkeitsversicherung, pension plans and even car insurance.

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Posted

http://www.spiegel.de/wirtschaft/soziales/tarife-der-privaten-krankenversicherer-schuetzen-haeufig-nur-mangelhaft-a-837964.html

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Posted

Isn´t unisex not only a health insurance topic - i think this regads all insurances? Unisex-Infografik-5-600.jpg

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Posted

There is indeed more to the Unisex tariffs in insurance than just health insurance - but John pointed out health insurance because there most agree the changes will be most significant.

 

With UNISEX tariffs will change for male or female is this:

 

Women:

premium increase likely for

1. car insurance

2. whole life insurance (which no-one should sign up anyway because it is a terrible waste of money)

3. term life insurance

4. accident insurance

 

Men:

premium increases likely for

I. occupational disablity insurance

II. private health insurance

III. pension plans, including company pension

IV. nursing care insurances

 

Theoretically the premiums for these insurances above could always go down for the opposite gender...but honestly: one have you last seen an insurance company to actually lower premium prices? So in every case where one gender would be now better off with the Unisex Tariffs, prices will simply go up overall from what I have seen so far.

 

Cheerio

post-8763-13482334484505_thumb.jpg

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Posted

Does that mean men can expect a huge hike in health insurance premiums, Starshollow, or does it apply to new policies only?

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Posted

New policies only, El Jeffo!

 

What the insurance companies are all offering eg re health insurance is an Anwartschaft for those who want to have private health insurance in 2013 etc. ie get a price guarantee now at today´s prices by booking up in advance for a small monthly fee.

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Posted

Just an update here and something I´d missed:

 

Unisex tariffs are nearly there except in one area: company pensions (either employer or employee financed..a so-called Direktversicherung ). I wasn´t aware of this but am just reading Stiftung Warentest/Finanztest Sonderheft November 2012 ) where it is explained that the European Court DID NOT include unisex regulation in its verdict re equal treatment of men and women in insurance pricing.

According to the article, this may not hold water for long because employers who still offer " bisex tariffs " after the 21st December 2012 run the risk of being sued by employees who feel aggravated.

 

German actuaries (the Deutsche Aktuarvereinigung ) presume the Court would decide the same vis-à-vis company pensions if a legal complaint were made.

 

What would this mean if Direktversicherungen were included in the new laws ( many insurers are offering for unisex anyway, though )? Probably higher costs for men and lower for women ( thus less money at pension age for men and more for women) according to some of the insurers quoted.

 

We shall see.

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Posted

..little update here...two different insurance companies today, two different male clients: in one case, trying to either get private health insurance for the first time as a Beamte and in the other: switching. They have to be approved NOW..otherwise unisex prices..ok, both insurance companies: how much extra if you can´t approve their contracts quickly enough? " wissen wir selbst nicht " ( We don´t know, either ). What the hell?

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Posted

Don't worry John, the situation isn't as cut and dried as it appears, the Bundesrat did not sign off on the law, so by national law the old tariffs will still be legal until they finally get around to signing off on this law, which will take at least a month.

 

For details please see this Focus article of 19.12.2012.

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Posted

Thanks, Panda! I´ll read that later if I don´t have a heart attack first!!

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Posted

Panda: it is the unilteral understanding of the insurance industry and major legal minds that, because the implementation of Unisex tariffs is based on an EU court decision, it is irrelevant if the German legislation has passed the law in due time, the higher-ranking EU laws basically supersede this. Therefore everyone who has not been accepted into, for instance, a private health insurance before midnight last night HAS to be insured with Unisex tariffs now.

 

What is confusing, to say the least, is that there are no firm and reliable numbers available in the form of new tariffs yet... so nobody can actually say, if and how much someone will do worse with the new tariffs...

 

Cheerio

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Posted

 

What is confusing, to say the least, is that there are no firm and reliable numbers available in the form of new tariffs yet... so nobody can actually say, if and how much someone will do worse with the new tariffs...

 

They expect people to sign up for something they don't know the price of?!

 

How on earth can brokers then recommend one insurance over the other?

Or do they expect you to go on a forced holiday until they do publish the new rates?

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Posted

Interesting, Panda..within the last 2 hours, two insurance companies have emailed us with their new Unisex tariffs to download: AXA and Hanse Merkur. And the others? Starshollow is right - it´s chaos. Starting to get the new tariffs from providers in other areas, too: Term Life, Critical Illness etc..the problem ( amongst others): time to assimilate this stuff, the online Schulungen, it´s nearly Xmas anyway, who´ll take foreigners for health insurance ( and certain other insurances if people are non-EU citizens ) anyway ( and under what circumstances..believe me: they are not that worldly in this country in the insurance business..)..

Panda: Happy Christmas, my dear! You are truly an asset to Toytown!

 

Edit: by the way, Panda: yes to all your questions- even the ones you didn´t ask!!! :D

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Posted

 

They expect people to sign up for something they don't know the price of?!

 

How on earth can brokers then recommend one insurance over the other?

Or do they expect you to go on a forced holiday until they do publish the new rates?

 

I think the goal of all this chaos was rather

a) to create an artificial "Schlussverkauf" situation again - and to a certain degree we as broker had to follow with that and recommend to those people who are expected to get worse conditions after the change of law to sign up before the deadline last night.

B) an attempt to hide a price/premium increase accross the board. theoretically with most insurance types, one gender should now get better rates than before last night. But it would appear that some or most insurance companies plan to increase ALL premiums. The EU commission has, however, already said that they are going to monitor this closely and step on those insurance's toes who take unfair advantage of the situation.

 

All in all I am pretty spend from three night with too much work and too little sleep and can't wait for Christmas.

 

thus, a very merry Christmas to all you guys

Cheerio

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Posted

Is there also an increase for life and accident insurance for men with the introduction of Unisex tarif?

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Posted

If you scroll up to this post http://www.toytowngermany.com/forum/index.php?showtopic=259586&view=findpost&p=2868471 you'll find a list for which kind of insurance are supposed to become more expensive for men and which for women.

Life insurance is going to be stable or even a wee bit less expensive for men, same with accident insurance - in both cases women will have to pay more now.

 

Cheerio

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