Social security applies to all Swiss residents individually. There are different types of insurance, which may vary depending on the case. These determining factors include whether a person is unemployed, an employee or self-employed.
The main types of social insurance include the following:
Health insurance is compulsory for all Swiss residents. There is also a mandatory part of the health insurance and supplementary insurance. The mandatory part covers basic medical costs. The optional insurance covers the costs of treatment in private hospitals, dental visits (if the treatment is not urgent), optics and other expenses. The monthly fees are determined by the insurance company and may vary from one canton to another.
2. Social insurance of pensions, survivors, and in the case of disability, loss of the case in Switzerland is divided into 3 major groups.
- State old-age insurance or in the case of loss of supporter and invalidity.
This type of insurance is compulsory for all employed Swiss residents and covers the minimum pension payments upon retirement age, payments for survivors, or in the case of disability. The contribution is made by the employer and employee in equal parts.
- Additional professional insurance
Additional old-age insurance, in the case of loss of supporter or invalidity, applies to people whose salaries are more than 21,150 Swiss francs per year. This is paid by the worker and the employer in equal measure, as in the previous case. This is mandatory for all employees.
- Individual insurance
This type of insurance is not mandatory. Unlike the first two types of pension insurance, it is intended to cover those needs beyond the ones covered by the first two types of pension insurance.
3. Accident insurance
This type of insurance is mandatory for employees, including trainees, temporary workers, volunteers and some other categories of workers.
For other people, the costs related to the accidents are covered by the mandatory health insurance.
4. Family allowances
This type of social security is regulated by the Law on Family allowances. These include child allowances, allowances paid by some cantons in connection with childbirth and adoption, as well as the allowance for a child with the aim of getting professional education for children from 16 to 25 years old. Child allowances are made for the benefit of children under 16 years and are intended to support families with children. Each family in Switzerland has the right to receive benefits for children if their taxable income does not exceed a certain amount.
5. Unemployment Insurance
It is mandatory for all employees in Switzerland to have unemployment insurance until they reach retirement age. Subject to certain conditions, this type of insurance covers 70% of the average earnings of the employee in the event of loss of their work and 80% in the presence of children in their care.
6. Maternity Insurance
The income compensation for maternity insurance lasts for the first 16 weeks following the birth of a child. A woman who had previously carried out a professional activity is entitled to payments, which are made directly by the employer or the compensation cashier. The amount of the payment is 80% of the normal salary, but this cannot exceed 196 Swiss francs per day.
A competent approach to insurance policies and solid knowledge of the intricacies of the Swiss insurance system will help you gain confidence in the future.
FERZ SA will help you understand social security issues, find the most appropriate insurance options for you, and assist in any insurance case.