Life insurance coverage is a financial security net on your family members. The first government accountability is the fixing of the rate at which medical bills needs to be negotiated, and it does so in two methods: The Ministry of Health immediately negotiates costs of medicine with the manufacturers, based mostly on the typical value of sale observed in neighboring international locations.
The remaining 45% of health care funding comes from insurance premiums paid by the general public, for which companies compete on worth, although the variation between the various competing insurers is just about 5%. Nonetheless, insurance coverage corporations are free to sell extra policies to offer coverage past the national minimal.
Insurance firms will not be allowed to have co-payments, caps, or deductibles, or to deny protection to any person applying for a policy, or to charge anything apart from their nationally set and revealed customary premiums.
Insurance coverage premiums fluctuate from insurance firm to firm, the excess degree individually chosen (franchise), the place of residence of the insured individual and the degree of supplementary profit protection chosen (complementary drugs, routine dental care, semi-non-public or private ward hospitalisation, and so on.).
The insured person has full freedom of alternative among the many approximately 60 recognised healthcare suppliers competent to deal with their situation (in his area) on the understanding that the costs are covered by the insurance as much as the level of the official tariff.