CZ, VGZ cut cost of basic health insurance by a fraction

Health insurance giant CZ said on Thursday it is cutting the cost of its basic health insurance policy by €2.20 a month to €105.60.

CZ, which has 3.4 million policy holders, is freezing the cost of its top-up policies and introducing a new ‘internet only’ basic policy costing €101.90 a month.
VGZ also said it is cutting its basic fee by €0.30 a month to €107.95.
Market leader Achmea said earlier this week it is freezing its basic policy premium while Menzis generated much criticism after saying it would cut its price by €0.50 a month.
All health insurers are due to publish their 2013 fees by mid-November, the start of a six-week window during which people can switch to a new company.
Health cover will cost more next year, however. The government-determined own-risk element is rising from €220 to €350 per person.
The new government plans to make health insurance premiums income-dependent from 2014.
RTL’s overview of the cost of basic health insurance.
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