What You Need to Know About Mandatory Insurance in Austria

Friday, April 7, 2023 - Vienna, Austria

The system of mandatory insurance in Austria is one of the most developed and comprehensive in the world. It includes several types of insurance that are mandatory for all citizens and residents of the country. The two main types of mandatory insurance are particularly noteworthy:

Health Insurance

The first type is health insurance, which is mandatory for all citizens and residents of Austria. The healthcare system in Austria is based on the principle of universal coverage, which means that all citizens and residents are entitled to free medical treatment regardless of their social status or income.

Social Security Insurance

The second type is social security insurance, which is also mandatory for all citizens and residents. It covers expenses such as pensions, unemployment benefits, childcare benefits, and benefits for the care of the sick and disabled.

Mandatory Insurance

Mandatory insurance in Austria is regulated by a number of legislative acts, including laws, regulations, and government decrees. Some of the most important legislative acts governing mandatory insurance in Austria include:

  1. Federal Law on Mandatory Health Insurance (Bundesgesetz über die Soziale Krankenversicherung - SVG) - it regulates the system of mandatory health insurance in Austria.
  2. Federal Law on Social Security (Bundesgesetz über die Sozialversicherung - ASVG) - it establishes rules and procedures for mandatory social insurance in Austria, including pensions, unemployment benefits, and benefits for the care of the sick and disabled.
  3. Law on Mandatory Insurance for Accidents at Work and Occupational Diseases (Arbeitslosenversicherungsgesetz - AMSG) - it regulates mandatory insurance for accidents at work and occupational diseases.
  4. Law on Liability Insurance for Third Parties (Kraftfahrzeug-Haftpflichtversicherungsgesetz - KFG) - it regulates mandatory liability insurance for all car owners in Austria.

These laws and other regulations and government decrees provide the legal framework for mandatory insurance in Austria and ensure its effective and fair operation.

In Austria, insurance is a prerequisite for obtaining a residence permit. When a foreigner applies for a residence permit, he is required to provide evidence of valid medical insurance.

Insurance premiums in Austria are considered quite high, but at the same time, citizens and residents get access to high-quality health care and social protection services. In addition, the compulsory insurance system in Austria has a high level of flexibility and can be adapted to the changing needs of citizens and the economic situation in the country.

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