In 2005, a child was born and parents should be aware of the new health insurance policy. Failure to review the policy could result in unnecessary high costs. Maren Meier was shocked when she received her first premium bill for the year from her health insurance company and saw an increase of 322 francs per month. She realized that her daughter, who had come of age in that year, was now required to pay an adult premium for her insurance.
The reason for the drastic increase in premiums for young adults is due to health insurers being required to offer cheaper premiums for children. However, choosing the lowest deductible without consulting the insured can lead to higher costs. In Meier’s case, changing her daughter’s deductible from the minimum to the maximum amount resulted in significant savings on premiums.
It is important for parents of young adults to carefully review insurance policies and consider options such as deductible amounts and different insurance models. Young adults should also explore offers from competitors to find a policy that best suits their needs. Additionally, those in training or with limited financial means may require support from their parents to access premium reductions.
For young adults entering the workforce or pursuing military service, there are opportunities to save on health insurance premiums. Working at least 8 hours a week for a single employer may allow individuals to be insured against accidents through their employer, leading to reduced health insurance costs. Similarly, military service can provide coverage through Suva’s military insurance, allowing individuals to suspend their basic insurance. It is important to understand these options and make informed decisions to optimize health insurance coverage and costs.
Parents should take note that if they have a child born in 2005, it is crucial