What are the differences between GKV and PKV?

What are the differences between GKV and PKV?

GKV (Gesetzliche Krankenversicherung) is the statutory health insurance in Germany, while PKV (Private Krankenversicherung) is private health insurance. GKV is mandatory for employees below a certain income, whereas PKV is optional and often chosen by higher earners.

Can you explain the benefits of each type?

Sure! GKV offers a comprehensive coverage with lower premiums and family coverage, while PKV provides more personalized plans, faster access to specialists, and potentially better services.

Which one is better for young professionals?

It depends on individual circumstances. Young professionals with higher incomes might benefit from PKV due to better services, while those with lower incomes may find GKV more affordable and sufficient.

What happens if I switch from GKV to PKV?

Switching from GKV to PKV can be beneficial, but once you switch, returning to GKV can be challenging. You need to meet specific criteria to rejoin GKV.