Deductible

The term “deductible” is one of the most widely used words in the insurance world, but it is also one of the most misunderstood.

A deductible is a type of out-of-pocket payment. The insurance company only pays covered costs which exceed your deductible. By making claimants pay a certain part of the costs of a claim yourself, insurance companies protect themselves against excessive or abusive claims.

Other variations such as a franchise deductible (the insurance only covers costs which exceed a predefined amount, but it covers these 100%) or a time deductible (the insurer only covers costs after a predefined time-period) are not used in Switzerland.

Swiss insurance providers normally mention the term “deductible” in relation to a fixed amount you are required to pay towards covered costs ahead of receiving insurance coverage, or to a percentage of additional covered costs which you pay as coinsurance.

In Switzerland, the term always refers to the fixed amount you pay before the insurance takes over, and never to the coinsurance portion of out-of-pocket costs (this is shown as a percentage).

Deductibles play an especially prominent role among Swiss health insurance providers. You will often find deductibles mentioned in relation to compulsory health insurance, hospital insurance, outpatient insurance and pet insurance. With each of these insurance policies, you will likely be required to pay both a deductible and a percentage of subsequent costs as coinsurance.

Basic compulsory Swiss health insurance: Swiss health insurers currently offer six annual deductible options (300, 500, 1000, 1500, 2000 and 2500 francs) for adults and seven options for children (0, 100, 200, 300, 400, 500 and 600 francs). The lowest deductible you can get is referred to as the base deductible.

No matter which deductible model you choose, you are required to pay 10 percent of any covered costs above your annual deductible as coinsurance, up to a maximum of 700 francs per year in coinsurance payments for adults (equal to 7000 francs of healthcare expenses above those covered by your deductible). A maximum annual coinsurance payment of 350 francs applies to children (3500 francs in healthcare expenses above what is covered by the deductible).

The deductible and the coinsurance limits apply on a per-calendar-year basis. The date of treatment, rather than the billing date, is used. The examples here help explain how to go about choosing the right deductible for your compulsory health insurance policy.

Suggestion: If you aren’t sure which deductible is the best-value option, just select the “optimal deductible” option in the moneyland.ch health insurance comparison tool. The tool calculates the ideal deductible for each health insurance model based on the estimated annual healthcare costs you enter.

While deductibles and coinsurance amounts are identical across compulsory health insurance policies, they can vary widely on other insurance types. On pet insurance policies, for example, deductibles and coinsurance limits differ between insurance providers and products.

Here to, moneyland.ch can help you find the best-value policy: The pet insurance comparison automatically calculates the most affordable insurance option for the estimated healthcare costs.

The moneyland.ch team

More on this topic:
Health insurance deductible calculator
Health insurance comparison
Swiss pet insurance: compare premiums and services
Health insurance deductibles: getting it right

Health insurance premiums in comparison

Find the cheapest health insurance now

Compare now
Request now for free

Leading credit cards

Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Free credit card

Migros Cumulus Visa

  • No annual fees

  • With Cumulus points

  • Without foreign currency fees

Trading platforms

Brokers with low fees

Swiss Broker

FlowBank

  • Swiss online bank

  • No additional exchange charges

  • No transaction fees for Swiss equities

Swiss Broker

Saxo Bank Switzerland

  • Swiss online bank

  • Favorable prices stock trading

  • High account interest rates

Swiss Broker

Cornèrtrader

  • Swiss online bank

  • No custody fees for stocks

  • Free market research and trading signals

Request now for free

Cheap bank accounts with card

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP)

  • Favorable foreign exchange rates

  • CHF 100 welcome bonus

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at moneyland.ch.