Your medical, dental, and vision is covered by the government through GKV. Coverage includes in-patient hospital care, out-patient care with registered doctors and basic dental care. If you earned more than €54,900 in gross wages in the prior year, you can opt out of state sickness funds and choose to join a private health insurance plan.

Sick Leave
We realize folks get sick from time to time. In case of a short-term illness or injury, you can use your unlimited time off to rest and get well. If you can’t work for an extended amount of time because of a disabling illness or injury, Netflix will continue to pay you 100% of your salary up to 6 months. You may also be eligible for sick pay through Social Security. Your Netflix sick leave payment will be integrated with Social Security benefit payments.

Long-Term Disability
If a disabling illness or injury extends beyond 6 months, Netflix provides you with company-paid Long Term Disability (LTD) insurance coverage through Generali. LTD picks up when your sick leave ends and provides a payment of two times your annual salary in the event of permanent disability, up to €170,000.

Retirement Pension
Netflix provides the opportunity to participate in a retirement pension plan through Generali. Netflix contributes 4% of monthly salary to your retirement pension, and this contribution is immediately 100% vested. The maximum monthly Netflix contribution is €833. You can also voluntarily contribute to the plan up to €392 per month through a pre-tax payroll deduction. If you have a separate plan (Direct Insurance or Pensionskasse) and want to continue your voluntary contributions to this plan, Netflix can arrange for your voluntary contributions to be made through payroll deduction.

Life Coverage
Netflix provides a life insurance benefit through Generali: two times your salary up to €170,000 to your beneficiary in the event of your death.

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Important note on the definition of salary: Where salary is mentioned, calculations are based off of adjusted salary if you are allocating a supplemental amount to the Netflix, Inc. Stock Option Program.