What does it mean? 🤔
The hospitalization insurance for family members via Payflip allows you to easily include your partner and/or children in your employer’s collective plan. This way, they’re also protected against unexpected medical costs in case of a hospital stay.
How does it work? 🔁
Your family members must already be enrolled in your employer’s hospitalization insurance. Each month, a net amount for the premium will be deducted from your salary.
Step by step to hospitalization insurance for your family members:
Choose Hospitalization Insurance for Family Members under "Health & Well-being" in your Payflip tool
Indicate who you want to insure
Add your selection to your shopping cart and confirm
Your employer approves your choice
Your current payment method via your net salary stops the month after your Payflip selection
The benefit runs alongside the calendar year. Because this benefit is so attractive, your choice will be automatically renewed at the end of the year.
Don’t want this? Just let your HR contact person know before December 1st.
Financials 💰
The price depends on the premium for your family members’ hospitalization insurance, calculated for the remaining full months of the calendar year.
With Payflip, you pay no social security contributions or withholding tax on the premium. You only pay the actual premium, making this much more advantageous than a cash payout.
Example
You have a budget of EUR 400.
If you take this out as cash, after social security and withholding tax, you’ll have about EUR 150 net left.
If you use it for hospitalization insurance for your family members via Payflip, you pay the full EUR 400 premium with no extra deductions.
In short: if you choose hospitalization insurance for your family members via Payflip, you get the most out of your budget and your loved ones are optimally protected!
What if something changes? 🍃
Has your family situation changed? You can easily add new family members by selecting the benefit again in Payflip. Want to stop the premium for a family member? Just let your HR admin know.
Leaving the company? You can continue the hospitalization insurance privately.
When you leave employment, a final settlement is made. How this is handled depends on the chosen budget:
End-of-year bonus budget: The premiums for the entire year have already been paid.
If you’re not entitled to an end-of-year bonus, the premiums for the past months are withheld from your departure holiday pay.
If you are entitled, the premiums for the remaining months are added back to your budget and any surplus is paid out as an end-of-year bonus.
Bonus budget: Here too, the premiums for the whole year have already been paid. The premiums for the remaining months are added back to your budget and any surplus is paid out as a bonus.
This way, everything stays nicely organized—whatever your situation!