Suddenly care case: who pays for the care costs?

Wednesday, 21.02.18 , written by Anja Schlicht Medical progress, healthier lifestyle, better hygiene – the reasons why life expectancy in Germany is increasing are manifold. The older people become, the more likely they are to be dependent on care as they age. Since the nursing costs are only partly reimbursed by the statutory long-term care fund, the question of who pays for the rest often comes up in the care case? >  Financial protection in case of care: Who pays for the care?

  • Who is dependent on the care of other people, is entitled to the benefits of the statutory long-term care insurance.
  • However, it pays only a small part of the nursing costs, so that people in need of care often face a pension gap.
  • With a good private nursing care insurance, this can be closed, as a current care insurance test shows.

At present, life expectancy in Germany is 80 years . From this age, the risk of becoming dependent on care, according to the Federal Ministry of Health, almost 29 percent. Statistically, almost every third person in old age becomes a nursing case. Who then pays the cost of care, depends on various factors.

On the one hand, the statutory long-term care insurance covers only part of the care costs. On the other hand, the nursing care only pays the expenses incurred for pure care . Other costs, for example for accommodation and meals in the nursing home, have to be paid by the patient anyway. Thus, the costs for a place in the nursing home add up to an average of 1,700 euros , which are payable month by month.

Money worries due to long-term care: Who pays for the care?

If one’s own pension and saved assets are insufficient in the long run to cover the costs of long-term care, the Social Welfare Office will first step in . Nursing dependents therefore need not worry about not getting the nursing support they need. However, the welfare office checks whether the spouse or the children can pay for the remaining care costs. Because relatives are obliged to parental maintenance. So the answer to the question, who pays for the costs in case of care, often: the dependent offspring .

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Provide for emergencies and close care gap

So that relatives of care costs are spared and those in need of care can afford the care they desire , a private long-term care insurance makes sense. Interested parties can choose between different forms, with nursing care insurance being the most popular care provision. She pays an agreed amount for each day of care.

Insured persons can determine how high the coverage should be according to the need for care (so-called flexible nursing allowance insurance) or have the insurer determine the percentage of care required (static tariffs). Which insurers offer the best care day insurance , shows a recent test of the German Financial Service Institute Focus-Money (Issue 9/2018).

New test shows excellent offers for private care

With the static offers, which guarantee a performance of 1,500 euros per month in the highest care level 5, Allianz convinces the most with the tariff “Nursing Care Beast (PZTB03)”. Concordia (“PG, Pflege Plus”) and DKV (“Pflege Tagesgeld PTG”) are also suitable for persons who take out private long-term care insurance at the age of 35 or older.

Concordia (“PG1, PG2, PG3, PG4, Pflege Plus”) and DFV (“DeutschlandPflege”) received an excellent rating for the flexible rates. Here, too, insureds in the highest care level receive 1,500 euros per month. The amount of the daily nursing day allowance is therefore 50 euros.

Which private care insurance is the right one?

Flexible rates can be a bit more expensive . A 45-year-old, for example, pays 56 euros a month for the top rate of the DFV, while in the case of the alliance it is almost 48 euros. However, the flexibility allows the insured person to determine exactly how much money he would like to have from his / her insurance in the respective level of care . In the case of static offers, it may happen that insured persons for the highest level of care have to set a very high sum in order not to be underinsured even with low care requirements.

Tip: Find out with a non-binding offer for private long-term care insurance, which insurer fits best with what rate to your hedging needs.

Here you will find tips and more information on private nursing care insurance. >

Anja Schlicht

editorial staff

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