Medical inflation and international private medical insurance’s premiums
Medical inflation: every year and in all countries, the cost of medical expenses will change / increase. In patient, out patient, vision and dental benefits will be reviewed by hospitals, GP, specialists to take into account inflation but also new technologies, capabilities and tools.
Therefore and for the same amount of claims, the Insurance Company will request from its members more premium in order to be able to maintain the ratio between premiums and reimbursed claims. You can find here after some downloadable reports which should help you getting into details on the matter:
Download and read reports on medical inflation
Medical inflation – Global Medical Trends by Region (extrait)
|Middle East / Africa||9,00%||9,00%||9,80%|
|Middle East / Africa||10,90%||9,80%||10,70%||8,80%||9,80%||10,30%|
The best way to limit the increase of premiums is to do cost containment. To do so, you can challenge hospitals / GP / specialists… compare prices and opt for customary and reasonable costs each time you need cares.
Please pay attention to the local regulation
Please note that subscribing to an international health insurance does not free you from the local regulations. If you are eligible to contribute to the local healthcare system in certain countries and do not have local cover in place, you may be subject to paying a tax levy