The HOSPITAL PLUS supplementary hospital insurance policy will be classified as a closed portfolio from 1 January 2019. For this reason, all insured persons have the option to voluntarily switch to the HOSPITAL Semi-Private supplementary hospital insurance policy without a medical examination.
In principle, you can switch to HOSPITAL Semi-Private at any time as of the first of the following month, however with effect on 1 January 2019 at the earliest. Nevertheless, it is not always worthwhile to change. The premium of HOSPITAL Semi-Private generally increases more sharply in old age than is the case under the HOSPITAL PLUS supplementary hospital insurance policy. However, the premiums in a closed portfolio can increase more significantly over the long term than for a supplementary hospital insurance policy with an open portfolio.
Please note the comparison of benefit components between HOSPITAL PLUS and HOSPITAL Semi-Private:
Contribution from old age provisions:
If you switch to HOSPITAL Semi-Private, we will deduct old age provisions from the premium for the product HOSPITAL PLUS. The precise amount of this deduction will be indicated on your insurance policy.
In your current product, HOSPITAL PLUS, old age provisions accrue which are then used to pay for benefits received in old age. The product therefore does not have age-based premiums.
The new product HOSPITAL Semi-Private, on the other hand, has risk-based and age-based premiums. They do not need any old age provisions as a result. Since premium development is directly linked to the benefits, the premiums follow a steeper age-based curve.