Private health insurance can become a cost trap in old age. However, the path to statutory insurance is associated with hurdles. This is important to note
Contributions that are too high are the main reason why many people with private health insurance want to switch to statutory health insurance (GKV) in old age. While statutory health insurance companies link their contributions to income and have an upper limit, private health insurance (PKV) contributions are based on individual factors such as health and age. The costs of private health insurance can become a financial problem, especially for seniors whose income decreases when they retire.
Source: Stern
