How expensive is private insurance?
The cost of private health insurance depends mainly on 3 factors:
- the state of health
- your entry age
- desired services
This is based on the principle of equivalence - it ensures that insured persons pay for services that correspond to their individual risk and state of health.
In private health insurance, monthly premiums are calculated individually and depend on various factors, so it is difficult to make generalized statements. How high the monthly costs are in private health insurance varies from case to case. We will try to illustrate this with two examples:
Example 1: Costs for private health insurance for salaried employees
Let's assume you are 34 years old, a salaried employee with no children and no pre-existing conditions, and you earn 64,500 euros gross per year. Then the costs for public and private health insurance are as follows:
Private health insurance (employee share incl. compulsory long-term care insurance, insured person has supplementary dental insurance*): 498.21 euros per month
Private health insurance (employee contribution for ottonova's business class tariff): 282.86 euros per month**.
Example 2: private health insurance costs for self-employed persons
In the case of self-employed persons, the employer's contribution does not apply, so they pay the full contribution themselves. For a 34-year-old self-employed person without children and without pre-existing conditions with a gross annual income of 50,000 euros, the cost comparison looks as follows
PUBLIC HEALTH INSURANCE (monthly premium incl. compulsory long-term care insurance, insured person has supplementary dental insurance*): 951 euros per month with sick pay entitlement.
Private health insurance (monthly premium in ottonova's Business Class tariff): 528.83 euros per month***.
Taking out a private health insurance contract therefore makes particular sense for high earners, because the public health insurance premium increases with income. If you earn above the contribution assessment limit (4,837.50 euros gross per month), you pay the maximum rate in the public health insurance, which is currently around 934 euros per month.
If you earn more, the contribution no longer increases, but the contribution assessment limit is not rigid, but is linked to the development of income in Germany. Since wages have been rising for years, the income threshold has also been increasing. High earners therefore pay more for their public health insurance year after year. In private health insurance, on the other hand, nothing changes in your contribution, no matter how big your salary jumps.
*To ensure comparability of benefits, at least for the care of the insured's teeth, we have added the cost of supplemental dental insurance to the public health insurance premium
** BC100-10 + daily sickness allowance KTA43/120 + PVN = 565.74 EUR = 282.86 employee share
*** BC100-10 + daily sickness allowance KTS43 + PVN = 581.24 EUR, without daily sickness allowance KTS 524.94 EUR
BC100-25 + daily sickness allowance KTS43 + PVN = 528,83 EUR, without daily sickness allowance KTS 472,53 EUR