The insurance system in Switzerland is considered one of the best in the world, and it is mandatory for all residents to have health insurance. The Swiss insurance system is divided into two types: public and private.
The public insurance system, also known as the “basic insurance,” is funded by premiums paid by the insured and by the cantons. This insurance covers basic medical care, including doctor visits, hospital stays, and prescription drugs. The premiums for this insurance are based on income and are generally lower for those with lower incomes.
Private insurance, also known as “supplementary insurance,” is not mandatory but is highly recommended. It provides coverage for additional services such as dental care, alternative therapies, and home nursing. Private insurance premiums are generally higher than public insurance premiums and are not income-based.
In addition to health insurance, Switzerland also has a mandatory pension insurance system, known as “the old age and survivor’s insurance” (AHV), which is funded by payroll deductions. Switzerland also has a system of unemployment insurance, known as “unemployment insurance” (UI) which is funded by payroll deductions.
The prices for health insurance in Switzerland can vary depending on a number of factors, including the type of insurance, the level of coverage, and the individual’s income.
The cost of public health insurance, also known as “basic insurance,” is generally based on income, with those who earn less pay less for their insurance. Premiums for public insurance can range from a few hundred francs per month for low-income individuals to several thousand francs per month for higher-income individuals.
Private health insurance, also known as “supplementary insurance,” is not income-based and can be more expensive. Premiums for private insurance can range from a few hundred francs per month to several thousand francs per month, depending on the level of coverage and the insurance provider.
It’s important to note that the cost of health insurance in Switzerland can also be affected by the individual’s age, gender, and health status. For example, older individuals and those with pre-existing health conditions may be charged higher premiums.
Overall, the cost of health insurance in Switzerland can be quite high, but it is considered to be a worthwhile investment, as the Swiss healthcare system is widely regarded as one of the best in the world. Many Swiss residents consider the peace of mind and the comprehensive coverage provided by the Swiss insurance system to be worth the cost.