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German Social Security System Explained | Health Insurance, Public Pension, Accident Insurance, etc

Health insurance in Germany is free? 🤔
Employees pay about 20% of their gross salary into the German social security system. And health insurance is one of the 5 insurances of our German social security system.

Find out everything you always wanted to know about:
✅ Health Insurance
✅ Public Pension (Deutsche Rentenversicherung)
✅ Unemployment Insurance
✅ Long-term Care Insurance
✅ Accident Insurance

Get answers to all your German social security questions:
How much are YOU paying into social security? 🤔
What will you (eventually) get out of social security? 🤔

Videos Axel mentioned:

German Payslip Explained | Gross Salary & Net Salary, Income Taxes, Social Security, Pension
https://youtu.be/q6VPmi9G5EQ

Taxes in Germany Explained | Income Tax, Tax Classes, Church Tax, Solidarity Tax
https://youtu.be/xS5-hEwyofg

Health Insurance in Germany: Public Health vs Private Health | What's Better For You?
https://youtu.be/YKhOMOLphAo

Pension System in Germany | Public Pension, Rürup, Riester, Company Pension, Private Pension, etc
https://youtu.be/G7f4-nnADzY

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00:00 Intro
01:49 Overview of Social Security
03:07 Is Social Security Free?
04:35 Pillar 1: Health Insurance
07:03 Pillar 2: Public Pension (Deutsche Rentenversicherung)
08:51 Pillar 3: Unemployment Insurance
09:23 Pillar 4: Long-term Care Insurance
10:16 Pillar 5: Accident Insurance
11:19 Why did Axel quit out of Social Security?

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None of the information or analysis presented are intended to form the basis for any personal financial decision, and no specific recommendations are intended. It is strongly recommended that you seek professional personal financial advice before making any personal financial decision. Any personal financial decision you make should be based on an assessment of your personal situation, professional situation, assets, liabilities, and risk tolerance in consultation with your personal financial advisor.
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16 октября 2020 г. 19:45:24
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