Statutory health insurance covers the costs associated with having to visit a doctor or hospital. Both the employer and employee equally share the contributions. Your half is deducted directly from your gross salary.

The “supplementary contribution” required by health insurance companies allows health insurance funds to generate higher revenues. If the statutory contributions of all insured individuals are not sufficient to cover the expenses for medical treatment and hospital stays, health insurance companies can cover their costs by leveraging this contribution. Supplementary contributions vary depending on the health insurance company. You also share this contribution 50:50 with your employer.

Good to know: If you are only sick for a few weeks at a time, your employer will pay your usual salary. After this period, you will continue to receive the majority of your salary through your health insurance company for the following months of your illness. If you continue to be ill after this amount of time, you will only receive a small portion of your previous salary from the state in relation to your ability to work. You should therefore inform yourself about additional insurance coverage in the unlikely event of occupational disability in Finance & Insurance.