The term “Krankenversicherung” translates to “health insurance” in English. It is a system designed to cover the cost of medical care for insured individuals.
What is “Krankenversicherung”?
In Germany, health insurance is mandatory for all residents, ensuring that everyone has access to medical care without facing financial hardship due to illness or injury. There are two main types of health insurance: statutory (gesetzliche KrankenversicherungThe "gesetzliche Krankenversicherung" translates to "statutory health insurance" in English. It is a fundamental part of Germany's healthcare system, providing... More, GKV) and private (private KrankenversicherungPrivate Krankenversicherung (PKV) translates to "private health insurance" in English. It is an alternative to the statutory or public health... More, PKV). The statutory health insurance system covers about 90% of the population, providing a wide range of medical services including doctor visits, hospital stays, and prescription medications[2][14].
More information about “Krankenversicherung”
The statutory health insurance is funded through contributions from both employers and employees, based on a percentage of the employee’s income. Those earning above a certain threshold may opt for private health insurance, which can offer additional benefits and services. The choice between GKV and PKV depends on various factors including income, employment status, and personal preferences[3][18].
Related to “Krankenversicherung”
Here are some additional terms that are related to “Krankenversicherung”:
- Gesetzliche KrankenversicherungThe "gesetzliche Krankenversicherung" translates to "statutory health insurance" in English. It is a fundamental part of Germany's healthcare system, providing... More (GKV): The statutory health insurance system in Germany, covering the majority of the population[2].
- Private KrankenversicherungPrivate Krankenversicherung (PKV) translates to "private health insurance" in English. It is an alternative to the statutory or public health... More (PKV): Private health insurance offering additional services for those who qualify based on income or preference[18].
- Beitragssatz: The contribution rate to the health insurance, shared by employers and employees[3].
- Zusatzbeitrag: An additional contribution rate that may vary between different statutory health insurance providers[19].
Health insurance in Germany is a fundamental part of the social security system, ensuring that all residents have access to necessary medical care.