Supplementary insurance for loss of earnings
For full income in case of illness
If you are on sick leave for up to 6 weeks, your employer will continue to pay your salary. If you are sick for longer than 6 weeks, your employer will stop paying your salary. You will then receive sick pay from the statutory health insurance funds, which is always lower than your previous net income. With private supplementary insurance, you can protect yourself against this loss of earnings. As an SBK customer, you will receive additional cover tailored to your needs, the SBK Loss of Earnings tariff from our cooperation partner ARAG, at exclusive conditions.
This is what supplementary insurance for loss of earnings covers
Statutory sick pay is based on your income and amounts to a maximum of 90% of your net income or 70% of your gross income. Contributions for unemployment, pension, and long-term care insurance are deducted from the gross sick pay. In addition, the amount of sick pay is limited by law: The daily rate of sick pay is calculated up to a maximum of the contribution assessment ceiling. If you earn more than this, the difference between your previous net income and your sick pay may be more than 30%, depending on the amount of your net income.
Supplementary insurance for loss of earnings closes the financial gap between statutory sick pay and your last net income. You can choose the daily amount you would like to receive in addition to the statutory sick pay. You can determine the amount yourself in increments of €1 between €1 and a maximum of €15. The sum of the statutory and additional sick pay may not exceed your net income.
Sample calculation: If, for example, you have a gross monthly income of €3,650, you will receive daily sick pay of around €57 from us. However, your original net income is around €72 per day, resulting in a financial gap of €15 per day. You can cover this gap.
The online tariff agreement will be available again soon. You can find the tariffs with SBK discounts
You are also welcome to contact the ARAG Premium Team on 089 4124-8220.
Why is supplementary insurance for loss of earnings worthwhile?
Private supplementary insurance is worthwhile for you if you want to maintain your previous net income as far as possible in the event of prolonged incapacity for work. This is because continued payment of salary by your employer ends after six weeks of incapacity for work, and the sick pay subsequently paid by the statutory health insurance fund is always lower than your previous net income.
Is there also supplementary insurance for loss of earnings for self-employed persons?
Our partner ARAG offers its own daily sickness allowance rates for self-employed persons, which, depending on your choice, cover you against loss of earnings significantly earlier than after 42 days of incapacity for work. SBK customers receive this rate at special SBK conditions. The ARAG Premium Team will be happy to advise you on
If you have opted for statutory sick pay and would receive the maximum rate of sick pay due to your high regular income, you can add the SBK Premium sick pay tariff. In this case, please contact your SBK consultant.
How can I obtain supplementary insurance for loss of earnings with SBK benefits?
Just give us a call or send us an email – the ARAG Premium Team will answer any questions you may have about supplementary insurance.
