2024-10-07 09:00:11
Health
Finance
Economy

Challenges in Long-Term Care Insurance

Image used under license from Shutterstock.com

The financial viability of long-term care insurance is increasingly precarious, with reports indicating potential insolvency by February. To avert this crisis, discussions within the coalition are considering a necessary premium increase of 0.25 to 0.3 percentage points.

This adjustment, alongside another anticipated rise in health insurance contributions, could lead to the steepest escalation in social contributions in over two decades. Currently, the standard rate stands at 3.4%, with higher rates for childless individuals.

The situation underscores a pressing need for reform, as the burden of care falls disproportionately on those requiring social assistance, while wealthier individuals benefit primarily from inheritance protection. The status quo demands urgent reevaluation to ensure sustainable support for all.

Frankfurter Rundschau
6. Oktober 2024 um 16:37

Social, but not for everyone

Politics
Finance
Economy
Social, but not for everyone
Long-term care insurance is a cost driver of social insurance; premium increases are accepted, but a debate on the orientation is necessary, as more and more people in need of care require social assistance, while the wealthy only receive inheritance protection, which is not a task of the welfare state.
Tagesspiegel
7. Oktober 2024 um 04:37

Financial situation worse than expected: Statutory long-term care insurance apparently faces insolvency in February

Politics
Finance
Financial situation worse than expected: Statutory long-term care insurance apparently faces insolvency in February
According to media reports, the financial situation of the statutory long-term care insurance is significantly worse than previously known. In the traffic light coalition, talks are underway on how to prevent an impending insolvency in February. The government expects a need for an increase in the contribution rate of 0.25 to 0.3 percentage points to ensure financing until the 2025 federal election.
rp_online
7. Oktober 2024 um 04:33

Rising social contributions?: Long-term care insurance could be insolvent according to media reports in February

Economy
Politics
Rising social contributions?: Long-term care insurance could be insolvent according to media reports in February
According to the Redaktionsnetzwerk Deutschland and coalition circles, the long-term care insurance is threatened with insolvency in February. A contribution increase of 0.25-0.3 percentage points is being discussed to be financially secured by spring 2026 and prevent bankruptcy. This would come in addition to an expected increase of 0.7 percentage points in health insurance, so that social contributions could rise at the beginning of 2025 as strongly as they have not done in over 20 years. The..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!