Table of contents:

Pension provision: insurance for students and trainees
Pension provision: insurance for students and trainees
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Studying or starting your first job? It is high time to take responsibility for finances, insurance and pensions yourself. Get to know the most important insurance policies for students and trainees.

Table of contents Table of contents Pension: The most important insurance for students and trainees

  • The sooner the better: The ideal time for insurance
  • How long are children covered by family insurance?
  • For studying abroad
  • Take care of old-age provision early on
  • Certain restrictions apply to students

Table of contents Table of contents Pension: The most important insurance for students and trainees

  • The sooner the better: The ideal time for insurance
  • How long are children covered by family insurance?
  • For studying abroad
  • Take care of old-age provision early on
  • Certain restrictions apply to students

After school, an exciting time begins for trainees and students - with important decisions, perhaps moving to a foreign city or even abroad. And: paperwork is also part of it. Because to enjoy the new life carefree, the right insurance as well as a smart pension are essential!

The sooner the better: The ideal time for insurance

During your studies and training, you can become unfit for work due to illness, accident or disability. In order not to be without money in an emergency, it is best to take out occupational disability insurance at an early stage - the younger you are, the lower the contribution to be paid. In addition, the required health check is mostly just a formality. Many insurers offer special entry-level tariffs for young people. If you have more money later, you can increase the sum insured with this contract - without a new health check.

Die wichtigsten Versicherungen für Auszubildende und Studenten im Überblick
Die wichtigsten Versicherungen für Auszubildende und Studenten im Überblick

An overview of the most important insurance policies for trainees and students.

Photo: Association of Public Insurers

How long are children covered by family insurance?

Anyone who causes damage must pay for claims for compensation and possible later costs. This could get expensive. Imagine yourself hurting someone else while cycling, or the leaking washing machine is damaging the apartment below you. Private liability insurance offers the necessary protection. As a rule, children are protected under their parents' contract until they have completed their first education. How long you can rely on family insurance is best explained to your parents by the insurer. The parents have no private liability insurance at all? Then you or your parents must definitely complete one.

For studying abroad

Every citizen in Germany must have health insurance. This is how the legislators want it. When choosing a health insurance company, trainees pay attention to their benefits. Students usually stay with their parents for family insurance. But if you want to study abroad, you can take out travel health insurance. Especially in countries with a cost-intensive healthcare system (such as in the USA or Australia), a simple visit to the doctor is already an expensive surprise. Scholarship holders are best informed about whether they have health insurance through the program or the sponsor.

Take care of old-age provision early on

The statutory old-age pension will not be enough to secure the living standards you have worked on up to that point. In the very first job, you already have opportunities to make provisions - supported by the state and employer. Ask your boss about a company pension scheme.

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Verantwortung übernehmen

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Certain restrictions apply to students

In most cases, students are co-insured in the family insurance of the statutory health insurance companies. As is so often the case, there are certain limitations.

  • Age limit

    If you have reached the age of 25, you can no longer take out insurance with your parents. This luxury is then over, those affected have to take care of their health insurance instead.

  • Income and amount of work

    Side jobs are often inevitable for students. However, if you are covered by family insurance, you must not earn more than 445 euros (plus tax flat-rate advertising expenses: 83.33 euros / month) or 450 euros per month for a mini-job (as of 2019). Working hours may not exceed 20 hours a week, because the course should always have priority.

    When calculating the income, the total income is taken into account (§ 16 SGB IV), i.e. all taxable earnings (gross). The BAföG, an income tax-free scholarship and child, parent or maternity allowance are not included.

    Exception during the semester break

    Different conditions apply during the semester break: If you work for a maximum of two months during this period, you can also earn more than 445 or 450 euros per month. At this stage, earnings are not considered “regular”. For detailed information, contact your parents' health insurance in advance.

  • Earnings of legal guardians

    If a legal guardian is a member of a private health insurance company and earns more than the statutory health insurer (which also exceeds the gross annual salary limit of 60, 750 euros), the child cannot be insured free of charge with the parent of the statutory health insurance fund.

Student health insurance

As soon as one of these requirements is not met, the compulsory student insurance comes into effect: You must make contributions to student health insurance at a statutory health insurance fund of your choice. The contribution amounts to 66.33 euros per month (plus additional contributions). On average, the additional contribution amounts to 0.9 percent. In addition, those affected must pay the costs for long-term care insurance in the amount of 15.25 euros per month (16.87 euros: childless students from the age of 23).

This insurance obligation exists up to the completion of the 14th semester or the 30th year of life. You then choose between voluntary statutory health insurance or private health insurance.

Internship health insurance

  • Voluntary internship

    If you do a voluntary internship during your studies, you may not earn more than 20 working hours per week and no more than 450 euros per month. Otherwise you will lose your rank as a student and have to reckon with the insurance principles for employees.

    An internship semester, as prescribed by the examination regulations, is an exception: Regardless of the weekly scope of benefits or the amount of earnings, the insurance principles for students exist.

  • Pre- and post-internship

    If the examination regulations oblige students to do a pre- or post-internship and this is free of charge, nothing changes in the conditions for students with regard to insurance. However, if the intern is paid, the same standard rates apply as for trainees: The employer has to bear the full cost of health insurance (if the gross wage is less than 325 euros / month). However, if the intern earns more money, he shares the costs with the employer.

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