The Importance of Choosing a Health Insurance Policy

The importance of choosing a health insurance policy and the ability to comprehend that choice for citizens in the Netherlands in a health insurance system based on managed competitions such as in the Netherlands it is important that all citizens can make well-informed decision on which policy fits their needs and preference tests however partly due to the large variety of health insurance policy there are indication that a significant group of citizens do not make rational decision when choosing a policy our result indicate that citizens in the Netherlands acknowledge the importance of choosing a health insurance policy but they also point out that it is difficult to comprehend health insurance information our findings suggest that a section of the citizens do not have the appropriate skills to decide which insurance policy best fits their needs and preference having better insight into their level of health insurance literacy is an important step of the process of evaluating the extent to which citizen can fulfill their role in the health insurance system our results suggests that it is important to better tailor information on how insurances to specific needs and skills of the individual by doing this citizens will be better supported in making well-informed this 

Sorry by doing this citizens will be better supported in making well-informed decision regarding health insurance policies which should have a positive effect on the farm on the functioning on the Dutch health insurance system the number of healthy insurance policy options to choose from is extensive in the Netherlands this study explored what extent citizens in the Netherlands find it important to choose a health insurance policy and to what extent they comprehend the information they receive the data were collected in 2017 using the naval Dutch Healthcare Consumer Panel several countries have a health insurance system based on managed competition in which various Private health insurers offer insurance policies to citizens the idea behind manage competition is that health insurance compared sorry is that how insurers compete for the involvement of citizens which should stimulate them to provide good quality of care for a competitive price managed competition was introduced in the Dutch health insurance system the government remains responsible for the preconditions regarding accessibility quality and affordability of Health Care in the Netherlands Therefore several safeguards are set by the government in to regulate the health insurance system for example it is mandatory for all citizens in the Netherlands to have basic insurance policy the government determines the basic insurance policy of coverage and health insurance accept all applicants for their basic insurance policies important safeguards from the government to regulate the health insurance system the possibility for citizen to choose a suitable insurance policy every year is an essential part of the functioning of the 

Dutch health insurance system the system is based on the idea that citizens switch from an insurer if they are dissatisfied or if another insurer have a better offer consequently they are supposed to ask themselves critically whether they cure an insurer still fulfills their still fulfills their needs and preference or if they want to switch insurers to fulfill this role citizens must be able to make a well-informed decision every year as to which health insurance policy suits them best there are three main considerations to be made by citizens when choosing a suitable health insurance policy first the type of basic health insurance policy second the possibility of opting for a voluntary deductible and turn the possibility of taking out a supplementary health insurance policy first when choosing the type of basic health insurance policy citizens in the Netherlands can choose between a non-contracted care policy a restitution policy and contracted care policy or in-kind policy or a combination of the two or combination policy basic condition of the red sorry basic condition of the restitution in kind and combination policy in the Dutch health insurance system the second consideration concerned that concerned the deductible which the amount that citizens must pay out of pocket be before an insurance reimburse the cost when choosing a voluntary deductible citizens then receive a reduction of citizens then receive a reduction on the premium choosing a voluntary deductible can be beneficial for Citizens if they expect to make little use of Health Care in the upcoming year in 2018 30 of all citizens in the Netherlands choose a voluntary deductible most of them opt for the maximum voluntary deductible of 500 euro foreign [Music] in addition two mandatory basic health insurance policy citizens can choose to take out a supplementary health insurance policy from any health insurer supplementary insurance policies provide coverage for additional health care or service such as dental care and Physiotherapy in comparison to basic health insurance system the supplementary Insurance system is not regulated by the government as a result no Safeguard have been set up in this sorry as a result no safeguards have been set up in the system insurers are free to determine the premium and coverage of their supplementary insurance policies and insurers do not have to accept all applicants for their policies in 2018 there were 2022 supplementary insurance policies to choose from of which the extent of the coverage can be distinguished into roughly five types a majority 84 percent of all citizens in the Netherlands choose to take out a supplementary insurance policy altogether the number of healthy insurance policy option to choose from its extensive in the Netherlands the Dutch Healthcare Authority calculate that almost 6 000 different combinations were possible in 2015. citizens are supposed to choose annually 

Which type of basic insurance policy they want to have whether to opt for a voluntary deductible and whether to take out a supplementary insurance policy for the coming year all these trays make it complicated for citizen to choose an insurance policy that best fits their needs and preference in recent years the main strategy for supporting citizens in choosing a suitable health insurance policy is to provide more information about the different types of policy available however the mere professions of information about health insurance policy does not led to Citizens being better informed furthermore a significant group of citizens in the Netherlands do not fully understand either the role of how insurers or their detail sorry all the detailed structure of health insurance policies there are indication that a significant group of citizens do not make rational decision when choosing an insurance policy resulting in a policy that does not pass suit their situation this can ultimately lead to Citizen fasting inadequate policy coverage and unexpected course to make well-informed decisions constantly health insurance policy Citizens need certain skills to comprehend and use health insurance information these skills are called health insurance literacy and are referred to as the extent to which insurer can make in from first purchase and use decision regarding health insurance okay everyone that's all this article today thank you so much for watching this article until the next one bye

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