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Old 14.05.2017, 22:35
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Occupational disability insurance

Hi fellow EFers.

I was wondering what kind of insurances would be recommended to get when staying in Switzerland.

I am currently not self employed and dont have any dependents.
Currently renting a place with my girlfriend and no plans to buy for now.
No higher fixed costs.
I work as a doctor in a hospital, in the future I might get self employed.

I was wondering if it would be a good idea for me to get an occupational disability insurance? I dont really know how well I would be cared for if for some reason I could not work as a doctor anymore.
Better to get one now than when I am older and earn a higher income?

Any other additional insurances to consider, except for healthcare, private liability and car insurance?

Thanks in advance if someone got some more information on this topic
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  #2  
Old 14.05.2017, 22:46
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Re: Occupational disability insurance

You already pay for disability insurance.

https://www.ahv-iv.ch/en/Leaflets-fo...ons-OASI-DI-IC

Use comparis.ch to work out any extra insurance cover you might want to arrange.

https://en.comparis.ch/leben/default
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Old 15.05.2017, 09:17
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Re: Occupational disability insurance

Disability insurance is very expensive here, and as you work in a fairly risk free place, do you really need it? As MF says, you are part of a government scheme, so if the worst happens you will be looked after. Switzerland is very over insured, maybe someone has been worrying you?
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Old 15.05.2017, 09:39
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Re: Occupational disability insurance

You may also get a disability pension via your employer should the worst happen. My husband contributes to such a scheme via his employer as part of his usual monthly salary deductions. Check your contract/payslip.
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Old 15.05.2017, 21:41
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Re: Occupational disability insurance

I just read that the IV rent (invalidity rent) is very low, maximum of 2300 CHF or something per month, which is hardly enough to live here.

I think the insurance for accidents is good in general, but what about diseases or psychiatric disorders? Not that I see it as a real threat to me, but as a doctor I see some poor people in such situations.
What would happen if one gets some sort of diesease which keeps one from working?
Is it really a maximum of 2300 CHF per Year? Plus maybe some money from rent if you have to retire early?
What are the costs for an extra insurance for those things?
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Old 15.05.2017, 22:09
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Re: Occupational disability insurance

Is it 2,300 a month or 2,300 a year? Make up your mind.

IIrc around 2,500 is what a lot of families' average wage packet after deductions is so should be liveable.

As said, check that you're not also paying for disability via your employer, look to put money aside in Pillar 3a account/s, investments if that's your thing. Or just put a set amount aside in a separate bank/post office account - it soon mounts up and you have the flexibility to use it as you wish.

If you eventually go self-employed then you'll need to arrange such a policy for yourself.

I don't really know exactly what you're worried about. Any disease will be covered by your health insurance policy. Other things like if you need nursing care or have to go into a home will I believe be your responsibility to pay and no disability insurance will cover that. It would simply be another form of pension - whether it would be enough to cover such things ... Care homes here are already hideously expensive.
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Old 16.05.2017, 11:55
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Re: Occupational disability insurance

Oh my bad, and dont know how to edit it.
Its around 2300 a month maximum, not a year.

I think the health insurance pays for my health issues, but if I cant work and have to live of 2300 IV rent a month for the rest of my life, when I might have higher expenses in the future because I will be used to a far higher monthly income it could get rough.
For example when I would buy a house and pay 2300 CHF per month for the mortgage, and then this happens. Quite affordable when I work, but not with IV rent.

And I was wondering if there is a reasonable insurance for cirumstances like this, or also if I am just wrong about the money I would really get if I couldnt work.
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Old 16.05.2017, 12:24
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Re: Occupational disability insurance

I am no expert, but start here maybe:

https://en.comparis.ch/leben/info/er...tsversicherung

https://www.comparis.ch/leben/info/e...tsversicherung

https://www.zurich.ch/en/private-cus...ct-your-income
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Old 16.05.2017, 13:13
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Re: Occupational disability insurance

The Swiss social system works fairly well if you are Swiss
or have lived here 10 years and have a 'C' permit. You
don't see many beggars here, apart from drug users, and
sometimes gangs of 'professional beggars'

There are extra payments you could be entitled to,
once you have been here 10 years.

1. Reduced rental on certain approved apartments
2. Free health care
3. Supplementary payments (Zusatzleistungen)
4. Lower taxation
5. and more, depending on your needs.

https://www.svazurich.ch/internet/de...eistungen.html

You could be receiving the equivalent of about Fr 3'500 per
month, but these payments are seen as a loan, & if you win the
lottery or receive an inheritance, you have to repay the loan.

As always the size of the payments will depend on the Canton
and Town where you are living. You would live in comfort but
not in luxury.
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Old 16.05.2017, 14:14
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Re: Occupational disability insurance

@HannoA
It seems to me that you have not understood the Swiss «Three Pillar» system.

You can find helpful info on www.ch.ch.


First Pillar = compulsory contributions to the state fund for Old Age and Disability Pension. In German, the abbreviations are AHV and IV. This cover provides the first slice of income in case on is too ill or too old to continue earning a living.

Here is the disability part of the First Pillar
https://www.ch.ch/en/invalidity-insurance


Second Pillar = mandatory pension plans, that every employer must provide for employees earning over a certain annual salary.

Put the other way round: a certain minimum salary is necessary to a pension plan. This minimum was set to lessen the administrative burden of employers whose staff typically earn little, either because their rate of pay is low or because they work part-time.

These lowest earners, however, are in fact those who need a pension most of all because their low wages do not leave them much leeway for savings. And these are the very employees who, sadly, are excluded from the coverage conceptualised in this law.

For everyone above this minimum salary limit, employers provide a pension plan.
Some employers provide their own. Usually, however, they contract with an insurance company which runs the pension plan. The HR/Personnel department of your employer must provide you with the rules of the pension plan, in which the coverage is explained.

The Second Pillar provides cover for a second slice of income, i.e. beyond the Invalidity Pension or Old Age Pension paid out by the First Pillar.

Second Pillar Concept and Laws:
https://www.bsv.admin.ch/bsv/en/home...und-zweck.html
Click top right to switch to English.


Third Pillar = personal savings and investments for a rainy day.
Some types of savings can bring a tax benefit during the years in which one contributes. Those are blocked (inaccessible) until normal retirement age (or until disability)
https://www.ch.ch/en/3rd-pillar/


Besides these three pillars, a person who receives an Old Age pension, or a Disability (also called invalidity) Pension (in German AHV-Rente or IV-Rente), and perhaps even a small pension from a Pension Plan, but who still does not have enough to live on can receive supplementary benefits (in German Ergänzungsleistungen). These are calculated according to a standardised means test, so that the basics are covered.
https://www.ch.ch/en/supplementary-benefits/
Post number 9, by Sbrinz, refers to these.
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