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Understanding health insurance in Germany: Everything you need to know
If you are an expat living in Germany or planning to move to the country, it’s important to understand the health insurance system. In Germany, everyone is required to have health insurance, and the system is one of the best in the world. However, the rules and regulations can be complex, so it’s important to do your research to ensure you are properly covered.
Types of health insurance in Germany
There are two types of health insurance in Germany: statutory health insurance (SHI) and private health insurance (PHI). The majority of people in Germany are covered by SHI, which is funded jointly by employers and employees. PHI, on the other hand, is only available to certain groups, including self-employed people and those earning over a certain income.
Cost of health insurance
The cost of health insurance varies depending on your age, income, and the type of insurance you choose. SHI is generally cheaper than PHI, but it also comes with more restrictions. The cost of SHI is split between you and your employer, with the employer paying around 50% of the premium. If you’re self-employed, you’ll need to pay the full premium yourself.
Benefits of health insurance
Regardless of whether you have SHI or PHI, you’ll be entitled to a range of benefits. These include access to medical care, prescription drugs, hospital treatment, and preventative care such as check-ups and vaccinations. However, SHI has more restrictions than PHI, so you may need to pay for certain treatments out of pocket.
Choosing a health insurance provider
If you’re eligible for SHI, you’ll need to choose a provider from a list of approved insurers. Some of the biggest providers include AOK, Barmer GEK, and TK. If you’re eligible for PHI, you’ll need to compare the different providers to find the best one for your needs. It’s important to do your research, read reviews, and compare costs before making a decision.
Final thoughts
Understanding health insurance in Germany can be a daunting task, but it’s essential if you want to ensure you’re properly covered. Whether you have SHI or PHI, make sure you do your research, compare providers, and read the small print before signing up. By doing so, you can enjoy the peace of mind that comes with knowing you’re covered in the event of illness or injury.
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