Insurance

Statutory versus Private Health Insurance

Pinterest LinkedIn Tumblr

Statutory or private health insurance? If given a choice, you need to understand the differences between the two systems. This is the only way you can check which option is best for your circumstances.

The majority of Germans are compulsorily insured in the statutory health insurance (SHI). Everyone who is employed and whose gross income is below the annual wage limit (JAEG) (2020: 62,550 euros) is compulsorily insured in the GKV. Self-employed and higher earners have the choice of becoming a voluntary member of a GKV or taking out private insurance. The media often complain that those with statutory health insurance would be second class patients, for example, when making appointments with a specialist. Much more important, however, are the differences in the number of contributions and the scope of benefits. In the PKV you get the agreed services, in the GKV the service catalogue applies.

Advantages of statutory health insurance:

The statutory health insurance companies work on the principle of solidarity—those who have little income pay low contributions.


Family members who receive little or no income are also insured free of charge (family insurance).


Admission to the GKV takes place without a health examination.


Switching to another statutory health insurance (for example, because an additional contribution is levied) is possible without any problems.

For whom is private health insurance benefits?

If you have a well-paid job, if you are young, healthy and if you have not yet started a family, you pay significantly lower contributions with private health insurance than with statutory health insurance. Since the contributions to private health insurance are not calculated according to the amount of income, but according to your individual health risk and the desired benefits, you benefit at a young age. But it also follows that the contributions increase with age. When making a decision, also take into account that each family member needs their own insurance contract.

High contributions in old age – a problem for many privately insured persons

In order to reduce the burden on those insured at an advanced age, private health insurance companies set up old-age provisions. Nevertheless, the contributions to private health insurance are a heavy burden on many retirees. It is then no longer possible to return to statutory health insurance.


To reduce the contributions, you could agree on a deductible. This means that you assume part of the costs yourself.

Write A Comment

  • bitcoinBitcoin (BTC) $ 24,161.00 2.48%
  • ethereumEthereum (ETH) $ 1,907.33 4.55%
  • tetherTether (USDT) $ 0.999486 0.16%
  • usd-coinUSD Coin (USDC) $ 1.00 0.14%
  • bnbBNB (BNB) $ 317.35 4.05%
  • cardanoCardano (ADA) $ 0.554837 5.81%
  • xrpXRP (XRP) $ 0.374027 3.53%
  • binance-usdBinance USD (BUSD) $ 0.997884 0.62%
  • solanaSolana (SOL) $ 43.96 7.68%
  • dogecoinDogecoin (DOGE) $ 0.077430 0.87%
  • polkadotPolkadot (DOT) $ 8.85 7.1%
  • shiba-inuShiba Inu (SHIB) $ 0.000016 6.36%
  • staked-etherLido Staked Ether (STETH) $ 1,860.39 4.41%
  • avalanche-2Avalanche (AVAX) $ 27.54 6.74%
  • matic-networkPolygon (MATIC) $ 0.970695 6.51%
  • daiDai (DAI) $ 0.999190 0.4%
  • tronTRON (TRX) $ 0.069305 2.07%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,185.00 2.36%
  • ethereum-classicEthereum Classic (ETC) $ 41.54 5.7%
  • okbOKB (OKB) $ 21.46 4.93%
  • leo-tokenLEO Token (LEO) $ 5.24 5.39%
  • litecoinLitecoin (LTC) $ 61.81 5.15%
  • nearNEAR Protocol (NEAR) $ 5.49 7.03%
  • ftx-tokenFTX (FTT) $ 30.59 3.83%
  • chainlinkChainlink (LINK) $ 8.57 7.84%
  • uniswapUniswap (UNI) $ 8.70 7.7%
  • crypto-com-chainCronos (CRO) $ 0.151350 3.16%
  • cosmosCosmos Hub (ATOM) $ 11.36 6.45%
  • stellarStellar (XLM) $ 0.124387 3.41%
  • moneroMonero (XMR) $ 165.85 1.34%
  • flowFlow (FLOW) $ 2.79 5.17%
  • bitcoin-cashBitcoin Cash (BCH) $ 135.71 6.89%
  • algorandAlgorand (ALGO) $ 0.360026 5.56%
  • vechainVeChain (VET) $ 0.031667 6.39%
  • filecoinFilecoin (FIL) $ 8.14 5.97%
  • internet-computerInternet Computer (ICP) $ 7.82 6.45%
  • apecoinApeCoin (APE) $ 6.32 7.48%
  • decentralandDecentraland (MANA) $ 1.06 4.63%
  • chain-2Chain (XCN) $ 0.084571 3.46%
  • the-sandboxThe Sandbox (SAND) $ 1.33 4.56%
  • hedera-hashgraphHedera (HBAR) $ 0.078371 5.25%
  • axie-infinityAxie Infinity (AXS) $ 18.40 6.84%
  • tezosTezos (XTZ) $ 1.80 7.88%
  • celsius-degree-tokenCelsius Network (CEL) $ 3.76 1.29%
  • quant-networkQuant (QNT) $ 117.62 8.56%
  • theta-tokenTheta Network (THETA) $ 1.50 8.33%
  • aaveAave (AAVE) $ 105.14 6.16%
  • lido-daoLido DAO (LDO) $ 2.63 11.35%
  • fraxFrax (FRAX) $ 0.991146 0.98%
  • elrond-erd-2Elrond (EGLD) $ 61.29 7.91%