Health Insurance in Germany: What you should know

In Germany, health insurance is mandatory for all residents and is divided into two main systems: statutory health insurance (GKV) and private health insurance (PKV). The choice between the two depends on factors such as income, profession, and personal preferences.

What is the income threshold for private health insurance?

In order to be eligible for private health insurance (PKV), your income must exceed a certain threshold. For 2024, this threshold has been set at €62,100 per year, and it is expected to increase in 2025 (although the exact values have not yet been determined). If your annual income exceeds this threshold, you can choose either public insurance (GKV) or private insurance (PKV).

How is the cost of private health insurance determined:

The cost of private health insurance in Germany is based on various factors:

• Age: Younger policyholders usually pay lower premiums.
• Health: Pre-existing medical conditions may increase premiums.
• Coverage range: Plans with more extensive coverage, such as private hospital rooms or the option to choose specific doctors, usually have higher premiums.

In contrast to public health insurance (GKV), where contributions are based on income, PKV premiums are mainly determined by your age, health status, and the level of coverage you choose.

Important information before choosing private health insurance

• Long-term commitment: Moving from PKV back to GKV can be difficult, especially if you have surpassed a certain age limit or if your income decreases.
• Costs at an older age: PKV premiums may increase as you get older, so it’s important to consider how this will affect your budget.
• Family coverage: Unlike GKV, where non-working family members are covered free of charge, in PKV each member must have their own insurance contract.

Before making your decision, take the time to compare different insurance plans, assess your needs thoroughly, and seek expert advice. Having the right health insurance is especially important for your protection and for a financially balanced life in Germany.

If you need help with the insurance process or navigating German bureaucracy, our office is here to provide you with reliable guidance and support.

Contact us today at +49 30 314 88 468 or use the contact form so we can start the process together!

Agisilaos Kapatselos