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Is your 'Opt Out' Insurer authorised?

Effective from 1st January 2009, there has been a change in the regulations regarding those individuals who are able to ‘opt out’ of the State healthcare system.

The German State health scheme (GKV) is mandatory for anyone, as of 2009, earning less than €48,600 (gross) per annum with the GKV costing 15.5% of an employee’s eligible gross salary, up to a maximum of €6,675 income.

Full private medical insurance plans are available to the self-employed and those with earnings above the €48,600 threshold.

Importantly, the German health insurance law (Versicherungsvertragsgesetz) not only stipulates minimum levels of cover that must be on the compliant policy, but that the provider is licensed and authorised to transact such ‘opt out’ business in Germany.

There are United Kingdom insurers, indeed many of which are household names, who are not authorised to provide such cover.

It should be pointed out that whilst these insurers are authorised to transact business in Germany, their policies are only considered ‘additional’ or ‘supplementary’ to the German State health system, and they are not permitted to be offered as an alternative, to those who are allowed to ‘opt out’ of the GKV, as they are, as insurers, technically, an ‘unauthorised entity’.

If you have ‘opted out’ of the State scheme, are you sure that your provider is fully authorised as there are likely to be serious personal repercussions for you, as the policy holder, if they are not?

So, if you currently hold a private medical insurance policy, then we would suggest that you obtain written confirmation from your insurers that they are licensed to transact such ‘opt out’ business in Germany, and that the policy you currently hold is fully compliant with the minimum regulations set out by the authorities.

Click Here to obtain 'compliant' Health Insurance for living in Germany. This provider is able to insure 'Opt-Out' applicants due to their German parentage.

If you either find out that your current provider is not authorised or you are having difficulty in obtaining a quotation for private medical insurance in Germany, then, we can offer you a competitively priced, fully compliant policy, on either an ‘opt out’ or ‘supplementary’ basis, that is provided by a licensed insurer.

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