Munich Expat Insurance Guide: What You Need to Know
Updated: Sep 24
If you are moving to Munich to work as an expat, there are a lot of things to consider when choosing the best insurance policy for you and your family. In addition to public health insurance, there are also options for private health insurance.
Being an expat presents its own challenges, but it doesn’t mean a compromise on your health. This is where your health insurance can help so that you can have access to the best healthcare without fears of exorbitant hospital bills.
Here’s a guide to help you navigate health insurance for expats in Germany.
German Healthcare System and Health Insurance in Germany
The German healthcare system is one of the best systems in the world, which was introduced in the 19th century. For all residents, it is mandatory to have health insurance, either with a statutory German health insurance scheme (gesetzliche Krankenkasse, GVK) or a private insurance scheme (private Krankenversicherung, PVK). All foreigners who live and work in Germany can have access to subsidized state healthcare. However, due note that there are legal restrictions around which scheme you can choose.
How do I know if I am eligible for private health insurance in Germany?
The same conditions for all German residents will also apply to you as to whether you will take out private or public insurance. If your salary is less than the annual income limit (or JAEG) of €64,350 or €5,362 per month, then your membership in the statutory health insurance system (GVK) is mandatory. If you earn a salary that exceeds this annual income limit, you can opt to take out a private insurance. As a privately insured patient, you can enjoy additional benefits for your health.
Is it worth to take out a private health insurance for expats?
The short answer is, it depends on your individual plans and needs. A lot of expats choose private health insurance plans for the reason that it gives them a wider coverage for their health than what the public health insurance scheme generally covers.
Being protected with private health insurance, you will have more flexibility in terms of benefits such as high-quality medical care, benefits for visual aids, extensive dental treatment, choice of medical practitioners/doctors, worldwide protection, and reimbursement for travel vaccinations.
Let us help you make your new life in Germany less complicated while guaranteeing you and your loved ones the peace of mind you deserve.