The introduction of the statutory insurance system not only forms the basis for solidarity between young and old, rich and poor, childless and multi-child families, healthy and sick persons, but:
- Is also anchored in law
- Provides for immediate insurance cover
- Does not exclude high-risk individuals
- Provides for the contribution-free health insurance of nearly all dependents
- Provides the same benefits and services to all, and
- Reduces administration costs.
The statutory insurance system is regulated by the following federal laws:
- Allgemeines Sozialversicherungsgesetz (ASVG: General social security law) – for employees, apprentices, freelancers who are treated as employees for insurance purposes
- Beamten-, Kranken- und Unfallversicherungsgesetz (B-KUVG: Health and accident insurance law for civil servants/public sector workers) – for persons in posts subject to Austrian public law or who are in receipt of benefit as a result of retirement from such an occupation
- Gewerbliches Sozialversicherungsgesetz (GSVG: Law on statutory insurance for persons working in commence and industry) – for independent entrepreneurs.
- Bundesgesetz über die Sozialversicherung freiberuflich selbstständig Erwerbstätiger (FSVG: Federal law on the statutory insurance of self-employed professionals) – physicians, pharmacists and patent attorneys
- Bauern-Sozialversicherungsgesetz (BSVG: Law on the statutory insurance of farmers) – for self-employed persons working in agriculture and forestry