Health insurance contributions increased in 2024 - pensioner exception: financial expert explains delayed impact on pension

Health insurance contributions increased in 2024 - pensioner exception: financial expert explains delayed impact on pension

According to a report by www.wa.de, health insurance contributions in Germany will have increased in 2024. Those affected have already noticed this, but an exception applies to pensioners. The pension for January 2024 was the same as a year earlier, as changes in health insurance contributions only affect the pension two months later.

The amount of the additional contribution is in addition to the general contribution rate set by law and can vary from health insurance company to health insurance company. The Federal Ministry of Health sets the average additional contribution, for 2024 it is 1.7 percent. However, each health insurance company can decide for itself on the actual amount of the additional contribution.

The impact on the market and the financial sector can be significant, as rising health insurance contributions affect pension payments. This can result in retirees having less money at their disposal, which in turn could affect their financial situation and spending habits. In general, it is important that insured persons find out about any changes to social security contributions and adapt their financial planning accordingly.