If you have a private medical insurance In the Canary Islands, you would surely like to keep your policy in force for life. Although, as we have explained before, insurers can void health insurance for overuse. Health policies are annual renewable contracts, and therefore they can be canceled or the conditions can vary, provided that two months notice is given before the expiration of the contract.
There is currently an intense debate regarding the actions of health insurers on economically unprofitable policyholders. The existence of cancellations and increases in premiums on unprofitable policyholders is publicly denied, but the reality of the market is different. If the contract is renewable annually and there are no clauses that prevent it, the insurer can unilaterally cancel the contract, that is indisputable. It is equally indisputable that based on excessive use of health insurance, the insurer may raise the renewal premium for the following year, and that the insured can only accept said increase or reject it, and therefore remain uninsured.
Are there insurers in the Canary Islands that guarantee your health insurance for life?
Fortunately there are! They are a minority, but we understand that they will set a trend in the future. They are companies that renounce by contractual clause the cancellation one-sided contract. From our point of view, this is the only way to avoid unpleasant surprises with age or complex medical situations.
Are there insurers in the Canary Islands that refuse to raise premiums for excessive use of health insurance?
It is more complex that the insurer does not raise the health insurance premium due to excessive use of it. Fortunately, There are insurers that guarantee and establish their premiums in advance and refuse to propose increases. This is essential to have complete peace of mind with our health insurance.
Do you want to hire the best health insurance in the Canary Islands? We tell you everything you need to know to take out or renew health insurance in the Canary Islands:
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