Lower deductibles of Health Insurance's Medical Treatment Cover will have a larger effect on insurance premiums as of 1 April 2024

When the price of Health Insurance increases, you can influence the amount of your insurance premium by increasing the deductible for Medical Treatment Cover if you wish. In addition to the deductible, the price of Health Insurance is affected by the insured person’s age and place of residence, the selected insurance cover, and the sum insured. On this page, you can learn how to increase the deductible amount if you wish to do so, and why the price of Health Insurance is increasing.

Why have the prices for Health insurance risen?

Increased healthcare costs combined with the active use of the insurance policy are reflected in the prices of health insurance policies. This also applies to your insurance. The impact has been greatest on Health Insurance policies that include Medical Treatment Cover for injuries and illnesses and have a deductible of less than 250 euros.

You can check the your Health Insurance’s deductible for Medical Treatment Cover in the My policies section of the op.fi service or in OP-mobile or your policy document.  

As the price of health insurance is rising, we want to tell you how you can affect your insurance premium by raising the deductible.

How can I increase the deductible of my Health Insurance's Medical Treatment Cover? 

With the deductible calculator, you can easily see how a higher deductible will affect the price of your insurance, and if you wish, you can make a change to your deductible by logging in to the op.fi service. The calculator can be found under Insurance – Omat vakuutukset (My policies) – Henkilöt (Persons) – Terveysvakuutus (Health insurance) – Omavastuulaskuri (Deductible calculator).

If you wish to talk to an expert about choosing the deductible that suits you and its effect on the price, send a message to Customer Service on the op.fi service, OP-mobile or chat, or call 0303 0303. 

Call charge: for normal local calls (local network charge) or the domestic mobile call charge (mobile charge) as specified in your telephone service provider's price list.
 
At the start of the call, state that you have taken out Health Insurance and wish to calculate how a higher deductible will affect the price of your insurance. We will calculate the effect of a higher deductible on your insurance premium, and if you wish, will enter your selected deductible into force during the call. We will then replace the bill you received with a new one, and you can dispose of the previous bill. Please note that if you wish to lower your deductible again in the future, we will need a new health declaration from you.

What else can I do to influence my insurance premium? 

  • Check your insurance cover if your circumstances have changed and update your coverage. In this case, you will pay only for the insurance you really need, but you will also be prepared for costly losses with comprehensive and up-to-date cover. You can easily check your valid insurance policies in the My policies section of the op.fi service and in OP-mobile.
  • Change the number of instalments or request an extension to your insurance bills. If you pay the insurance premium in a single instalment, you will get a 2.5% mode of payment discount. If the instalment seems too large, you can divide the premiums into several instalments. If your finances are tight, you can ask for an extension to your Pohjola Insurance bills.
  • As an OP cooperative bank owner-customer, you will earn OP bonuses on your insurance which you can use to pay costs such as insurance premiums. Once you are an owner-customer and have policies from three different product groups, you will also receive
    • nearly 10% off most insurance policies.
    • 50 % increase in the amount of compensation in life insurance or a 25 % discount on the price of life insurance, depending on the product​. The benefit is confirmed annually and listed in your insurance policy.
    • a deductible benefit of up to EUR 250 for MyHome Insurance.
  • In addition, we offer a discount of 21% for nearly all home and family insurance policies for customers aged 18–27. For further information about owner-customer membership, visit op.fi/owner-customer.