Health Insurance

Employees and self-employed individuals are required to pay 7% of their monthly earnings, with a cap of 80.2 UF (equivalent to approximately USD 2,982), adjusted as outlined in previous sections. Employers are only responsible for withholding and paying for insurance. Individuals affiliated with one of the private pension plans have the option to make their contributions to either FONASA or a private health insurance company (Institución de Salud Previsional or ISAPRE).

Most health plans provide coverage for up to 80% of medical and hospital expenses.

Contributing to health insurance also grants access to medical licenses, which is tied to the taxable income of the individual.

Labor-related accident insurance

All employers must pay a 0.93% premium on earnings capped at 80.2 UF per month, adjusted as indicated in previous sections, for labor-related accident insurance (workmen's compensation).

Additional contributions at varying rates, up to a maximum of 3.4%, may be required based on the employer's risk level and track record. Both contributions are paid by the employer.

Furthermore, Law No. 21,010 requires employers to pay a 0.03% contribution of their taxable wages for workers towards a fund aimed at financing insurance for parents of children with serious health conditions.