Franchise Selection Strategy: Who Qualifies and What You Get

This strategy allows you to manage your healthcare budget by choosing how much you want to pay for medical expenses yourself each year. By adjusting your annual deductible, you can influence the amount of your monthly insurance premiums.

👤Who it's for

This strategy is available to all insured persons in Switzerland looking to manage their fixed monthly costs.

🎁What you get

The primary benefit is the ability to lower your monthly insurance premiums. You achieve this by choosing a higher annual deductible, which is the amount you agree to pay for medical costs before your insurance coverage begins. In this scheme, you have the option to select a deductible up to 2,500 CHF. By taking on more of the initial cost of your healthcare, you reduce the ongoing monthly amount you must pay to your insurer.

💰What it costs you

While your monthly premiums decrease, you take on more financial responsibility if you become ill. The cost is the risk of paying up to 2,500 CHF out-of-pocket for medical expenses before your insurance company starts paying their share. This means you must be prepared to cover these costs from your own funds if a medical situation arises.

⚠️The catch to know

The most important thing to remember is that a higher deductible is only a good financial move if you have enough savings to cover the full emergency cost. You should only choose the highest deductible if you have the liquid savings available to pay the 2,500 CHF if you suddenly need medical care.

📝How to apply

1. Review your current monthly premiums and compare them to the potential savings of a higher deductible.
2. Assess your personal savings to ensure you can cover the maximum deductible of 2,500 CHF in an emergency.
3. Contact your insurance provider to discuss your options and adjust your deductible level.