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ARTICLE · 26 MARCH 2019

Social Security System To Undergo Restructure – But Will It Achieve Cost Savings?

These 21 insurers are coordinated by the Main Association of Social Insurance Carriers and governed by the principle of self-administration

AustriaInsurance

Introduction

At present, the Austrian social security system comprises 21 insurance carriers:

  • one local health insurer for each of Austria's nine provinces;
  • five company insurers;
  • the railroad and mine worker insurer;
  • the public officer insurer;
  • the notary insurer;
  • the farmer insurer;
  • the self-employed insurer;
  • the general insurer for occupational accidents; and
  • the employee pension fund.

These 21 insurers are coordinated by the Main Association of Social Insurance Carriers and governed by the principle of self-administration. The various management and supervisory bodies are comprised of representatives of the insured. Employer representatives, who must also pay contributions, are nominated by the Chamber of Commerce. The Chamber of Employees nominates:

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