Federal Insurance Office closes City BKK on July 1, 2011

06.05.2011 17:52

After a thorough examination, the Federal Insurance Office (BVA) decided to close CityBKK on July 1, 2011. “This decision, which was regrettable for most of the long-term policyholders and employees of the health insurance company, was unavoidable because the economic performance of the health insurance company is no longer guaranteed in the long term.

Unfortunately, a restructuring concept presented by the City BKK did not bring the hoped-for success, particularly due to the extraordinarily high loss of members in the first quarter of 2011,” explained the President of the BVA Dr. Maximilian Gaßner.

At the same time, Dr. Gaßner pointed out that the City BKK's financial problems could not be traced back to the health fund. “Rather, due to a large proportion of insured people with far above-average expenditure on benefits, the health insurance company was in considerable financial difficulty even before the introduction of the health fund and was dependent on financial support from other company health insurance companies.” “The members of the City BKK do not have to worry about the closure,” said Dr. Gaßner continues. “Your insurance coverage remains intact. You have enough time to switch to another statutory health insurance company of your choice, which must accept you regardless of your age or illness.” The claims of service providers such as doctors, hospitals and pharmacies are also secured. After a health insurance company is closed, it enters a liquidation stage, meaning that it continues to exist vis-à-vis all creditors until it has been completely liquidated.

Both the BKK federal association and the responsible regional association will accompany and support the settlement process. The BVA will strictly monitor compliance with the legal requirements.