Together with digital insurance provider ottonova, we look at what you may require from your compulsory health insurance, depending on your situation – and whether private health insurance could be the right option for you.
If you’re employed
It’s important that as an international worker, you have the coverage you need to meet your healthcare needs. Whether you’re working part- or full-time, private health insurance (Private Krankenversicherung, or ‘PKV’) gives you important peace of mind to focus on your career, giving you one less thing to worry about while working abroad.
Compared to public health insurance (Gesetzliche Krankenversicherung or ‘GKV’), you are able to access a wider and more-comprehensive range of medications and treatments. If you’re able to meet the income threshold to take out private insurance (€64,350 per year), you can also be sure that you are able to save money, especially when it comes to the premiums you would otherwise be paying in the public health system.
There are a few other things you should keep in mind regarding health insurance as an employee. If you get ill, your employer will pay your salary for six weeks. After that, if you have private health insurance, it will kick in with a daily sickness allowance – the level of which you can decide when taking out cover.
If your salary drops below the income threshold, you will need to switch to public health insurance. If your situation changes again, you can then apply for an exemption that will allow you to continue with private health insurance.
On the same topic, while it is generally fairly difficult to switch from private to public health insurance later in life, there are several ways that you can do it without too much of a cost burden, such as switching to a spouse’s or family plan. If you lose your job, you are also able to switch back to public health insurance. Many services also exist to help you navigate between the two systems, depending on your situation.
Employees who have private health insurance can also access a range of preventative screenings and other treatments that could help you enjoy a healthy, fulfilling career.
If you’re self-employed
If you’re self-employed, or run your own business, you’ll want to carefully consider your options, because if you can’t work, your income will be severely affected. Luckily you benefit from being able to choose between public and private health insurance, if you’re self-employed, or a business owner.
Private health insurance may make sense as a self-employed person. If you get ill, you won’t only get access to better treatments and more comprehensive care, but you’ll also have access to a daily sickness allowance payed by your insurance – so you’ll be back making your own decisions as soon as possible.
Another possible advantage of private health insurance as a self-employed person is the fact that private policies are very flexible – there are many options that you can choose from, to ensure your specific needs are met.
With private health insurance you are also able to make preparations for old age and retirement, with such measures as ageing reserves – additional, voluntary payments that can be used towards your later care, keeping your premiums stable in old age.
Finally, if you’re travelling, you can also rest assured that depending on your tariff, you’ll be covered worldwide.
If you have a family
If you have a family, nothing is more important than health. If you qualify for private healthcare in Germany, choosing which type of insurance to use is a big decision and you’ll want to carefully weigh up all your options.
Taking out private health insurance for families means that you have access to the best possible healthcare for your partner and children. Concierge services, as offered by a number of providers, means that much of the burden of organising appointments and paperwork can be removed, and you can be reminded of what’s coming up for your family in terms of procedures and treatments.
Private health insurance means that you are able to access top of the line treatments and medications, without restrictions, that clearly meet the needs of your family members.
If you have private health insurance, you also have total control of coverage, deductibles and sickness allowance. You can adjust these when you want, to reflect the changing needs of your family.
Furthermore, you’re likely to save money with private insurance if you have a family. If your family’s combined income is above the annual threshold, you will pay the maximum premium within public health system for procedures, treatments and preventive examinations.
If you’re a student
As a student, you’re just starting your journey and life, and you’re far more flexible in your needs than later in life. It’s a good thing, then, that as a student you have the option to choose either public or private insurance. Many employees don’t have this option, so it’s really worth weighing up your options if you have the chance – you can sign up to three months after enrolment at university. You also have another opportunity when your family insurance ends.
While not many students have private health insurance, joining early is an excellent decision. This is because your premiums are based on the age that you join. Premiums as a student also don’t include any ageing provisions, making them even cheaper. Best of all, student tariffs can be accessed until age 37.
If you’re not sure whether private health insurance is right for you at this time, you might also like to consider supplementary insurance, such as dental or hospitalization insurance, which can fill the gaps of your public insurance coverage and give you extra peace of mind, when you need it.
A smart choice, entirely in English
When choosing private health insurance, there are a number of good reasons to consider ottonova. First, almost everything from your individual coverage, daily sickness allowance, doctors appointments and so on can be controlled from the ottonova app – it’s a totally digital service.
Second, all services and the app are entirely in English, reminding you of upcoming appointments and organising all your relevant medical documentation. Operating through an app allows lightning-fast reimbursement of medical bills up to €500 within 48 hours, on weekdays.
Your English-speaking concierge helps you through all aspects of the German healthcare system, and assists you in accessing the best healthcare available, like finding English-speaking doctors, and securing appointments with specialists promptly.
Finally, you’re able to access supplementary insurance through ottonova that you can use to provide extra coverage for your public health insurance, in areas such as dental and hospitalization, and also benefit from all digital services.