The True Cost of Insurance in Switzerland

I will talk about all the insuranceances I have in Switzerland as a working expert, both mandatory and complimentary, and exactly how much they cost to me. Hi, I’m Mariam. I’ve been living in Switzerland for more than 7 years now. And on this channel, I share my personal experiences and guides on navigating life in Switzerland, from flat hunting to maternity and more. When I first started scripting this video, I didn’t know that one of the insuranceances I’m going to talk about would save me my peace of mind the very same day. But more on this in the end of this video. Let’s start with the mandatory and instead of starting with the mandatory health insurance that all of us know, let’s start with less obvious ones that we as employees pay before we get our paycheck. In Switzerland, employees contribute to several mandatory social insuranceances. The main one is ABS or old age and survival insurance and it takes 5.3% of your salary and funds retirement pension and support for surviving dependence. Invalidity insurance is included into that ABS rate and provides income if person becomes disabled. Another insurance that is directly deducted from the salary is unemployment insurance and it takes 1.1% and provides benefits if you lose your job. Also,