What Is Health Insurance Contribution?
A deduction from salary that funds health or medical cover.
Definition
Health insurance contributions fund access to healthcare services. In many European countries they are part of mandatory payroll deductions. The amount and system vary: some countries use state health systems funded through tax and social contributions, others use mixed public and private models.
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Gross Salary
Your salary before taxes and deductions are removed.
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Your salary after all taxes and deductions are removed — the amount you actually receive.
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A tax paid on earned income, deducted from your salary or paid on profit.
Read definitionSocial Security
Compulsory contributions paid by employees and employers to fund public welfare programmes.
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