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Problems with statutory long-term care insurance


Problems with statutory long-term care insurance in Germany:The long-term financing of the statutory long-term care insurance is one of the challenges facing the German social security system

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The statutory long-term care insurance is the youngest building block in the German social security system. It was launched on January 1st, 1995 and is intended to cover the increasing need for outpatient and inpatient care for the elderly. The statutory long-term care insurance is confronted with similar problems as the statutory pension insurance. The costs of professional care cannot be covered in the long term from the income alone. While a place in a nursing home costs around 3,000 euros per month, the benefits from statutory long-term care insurance are only around 1,500 euros per month, even for the most severely in need of care. Even if you also take into account the payments from a statutory pension, it becomes clear that there is a serious gap in coverage every month.

Problems with statutory long-term care insurance: Necessity of private long-term care insurance

With that in mind, it's not just one private long-term care insurance strongly recommended to fill this gap. It is also obvious that the financing of statutory long-term care insurance must be placed on a different basis in the long term if it is not to reach its limits in the foreseeable future. Corresponding approaches and advances are repeatedly voiced in politics, so that long-term reforms can be expected here.

Problems with statutory long-term care insurance: Request a free comparison of private long-term care insurance now