So, excluding increases due to age, my health insurance premiums have increased by 20.2% over the past 7 years. That doesn't appear to be unreasonable. Is this typical for the sector or am I fortunate?

2 hours ago, pj123 said:

So, excluding increases due to age, my health insurance premiums have increased by 20.2% over the past 7 years. That doesn't appear to be unreasonable. Is this typical for the sector or am I fortunate?

How are you managing to work out the excluded increase due to age over that period. Even if banded you would presumably have crossed a 5 year one?

For a comparison I would have thought it more relevant what the overall increases were but also depends on your age.

Will you name the company?

On 6/25/2024 at 9:57 PM, topt said:

How are you managing to work out the excluded increase due to age over that period. Even if banded you would presumably have crossed a 5 year one?

For a comparison I would have thought it more relevant what the overall increases were but also depends on your age.

Will you name the company?

 

I have the list of premiums for different age groups when I first took out the policy. For example, for someone aged 60 (in 2016) the annual premium was £2136. In 2023 the premium had increased to £2568, (+20.2%)

14 hours ago, pj123 said:

 

I have the list of premiums for different age groups when I first took out the policy. For example, for someone aged 60 (in 2016) the annual premium was £2136. In 2023 the premium had increased to £2568, (+20.2%)

Can I ask the name of the company? That sounds quite reasonable to me, as I'm bobbin' on 60 and beginning to show an interest in such topics. 🤔

On 7/1/2024 at 10:10 AM, BenCrew said:

Can I ask the name of the company? That sounds quite reasonable to me, as I'm bobbin' on 60 and beginning to show an interest in such topics. 🤔

Globality, they are Luxumbourg based so governed by EU regs. https://www.globality-health.com/

Their OPD cover is very expensive so I have their Essential policy for only in patient cover but it does include OPD cancer care.  I just had a check on their website and for a new applicant aged 60 the premium would be £2748 with no deductible. Thats a bit higher than I quoted above but the £2568 is under different policy terms/prices as I joined in 2016. Thats a increase of 28.6% since 2016.  But I've never made a claim so my recommendation is limited. Its an expat policy so if you return to your home country to live the policy will end.

That's why it's well worth it to have Thai social security