Traditionally, DSW is the first insurance company to announce its new rates. Other insurance companies usually follow suit with similar price increases.
Cabinet assumes additional €31
According to DSW, increased personnel costs in healthcare and more expensive medicines will in fact justify an increase in insurance premiums of 7.50 euros per month. But since insurance companies reimburse part of the costs of the corona from the state, the price increase can be reduced somewhat.
The DSW price increase is fully in line with what the government already expected on Budget Day. The Ministry of Health, Welfare and Sports expected an average increase of 31 euros. So DSW is on the high side in this regard.
The main reason the ministry is raising premiums is simply because of higher health care costs. In 2022, healthcare will cost an estimated €2 billion more than the previous year.
Price increases and labor costs account for most of that, increasing total costs by €1.5 billion.
All insurance companies must announce their new premiums by November 12 at the latest. This gives consumers more than a month and a half to decide if they want to switch.
If you wish, you must cancel your current insurance no later than December 31st. You then have a full month to choose a new insurance company. If you do this before February 1, you are retroactively locked out from January 1.