Tuesday, February 3, 2009

Danke Schön Bundestag!

In 2008, the German Bundestag (Parliament) passed new insurance/unemployment laws.

Members of Germany's Krankenkasse (anyone employed full-time, earning less than €48k annually), the public insurance system now pay 15.5% of their monthly income to their health insurance company. Of that 15.5% I pay 8.2% and my employer 7.3%.
Regardless of which company you are with (there are currently 17) you pay the same price at each one. In exchange, unemployment taxes were lowered.

For many people, this spelled only bad news as you may be paying more for your health insurance and perhaps even loosing some cherished services. The edge of competition may be taken away.

However...not for me. I just computed my January salary and....I am now saving a whopping .02% a month! This will probably range from about €6 to €15 a month.

What is a boy to do with this influx of cash?

Thanks Bundestag!

1 comment:

dasmensch said...

I suggest buying books ;-P