Efficiency in social insurance fund payments has drastically improved, with 87% of claims being processed faster yearonyear. Notable accomplishments include pensioners receiving their first payment within a month of retirement, mothers getting maternity support within a month postbirth, and significant reductions in processing times for paternity allowance, unemployment benefits, and sickness benefits.
In 2024, understanding medical insurance is crucial for individuals and families to secure financial stability and access quality healthcare services. By carefully evaluating insurance policies, considering factors such as health needs, coverage, costs, and provider networks, individuals can choose a plan that best meets their requirements and provides peace of mind in the face of unforeseen medical expenses.
Labour Minister Yiannis Panayiotou has announced a new minimum wage framework that aims to balance the needs of society with the economic capabilities of the nation. Through collaborative discussions with the Labour Advisory Body, the government seeks to bridge differences between stakeholders for economic growth and the establishment of a more inclusive insurance system.
