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I live in the Netherlands, if I would get cancer my contracting income would go to zero, I would have to get a government mortgage to eat my home and after depl
by systemtest 8y ago
I live in the Netherlands, if I would get cancer my contracting income would go to zero, I would have to get a government mortgage to eat my home and after depleting all my assets I would get welfare of about €1000 per month. Bye-bye retirement.
The upside is that my healthcare expense would drop from about €5000 per year to €500 pear year.
- stingraycharles 8y agoIf you are contracting, you should really consider getting incapacitation insurance (arbeidsongeschiktheidsverzekering). It’s normally paid by your employer and not cheap (but deductible), but I would consider it irresponsible not to do it.
- systemtest 8y agoA arbeidsongeschiktheidsverzekering will cost around €4000 per year and they usually don't pay when you are sick. If you get cancer but can still sort mail, assemble key-chains or fill out an online inquiry chances are that they will not pay you. They will go through all your medical records to find any excuse not to pay you. You will have to sue them to get a payout. And you have to pay income tax on that.
- astura 8y agoDoes disability insurance not exist in the Netherlands?
- golem14 8y agoThat really depends on the cancer and the stage it's in. I think there are many cancers that are costly to treat but not that incapitating. That said, worst case is probably as you say. Still better than in the US, IMHO.