The obligation for insurance of self-insured persons in Bulgaria arises from the day of commencement or resumption of employment activity and continue until its interruption or termination. Upon commencement, interruption, resumption or termination of any employment activity, the self-insured person submits a declaration according to a sample.
Self-insured persons determine the type of their insurance with a declaration under а sample. The type of insurance may be changed for each calendar year with the submission of a declaration from 1 to 31 January of the respective calendar year. In case of interruption and resumption of the respective labor activity, as well as upon commencement of another labor activity during the calendar year, self- insured persons may not change the type of insurance.
Self-insured persons are insured for disability due to general illness, old age and death, as well as, if desired, for general illness and maternity. Self-insured persons pay insurance contributions for: state social insurance; additional mandatory pension insurance; health insurance.
The insurance contributions are at the expense of the self-insured persons, as they are due monthly. The insurance contributions are due in advance on the insurance income and are paid by the 25th of the month following the month to which they refer.
The insurance income is between the minimum and the maximum monthly amount of the income, determined by law for the respective year. The final amount of the monthly insurance income for these persons is determined for the period during which they have exercised employment activity during the previous year, on the basis of the data declared in a reference to the annual tax return, and may not be less than the minimum monthly amount of the insurance income determined for the respective year and higher than the maximum monthly insurance income. The final insurance contributions are due by the self-insured persons within the deadline for submitting the declaration on the annual insurance income in the amounts for the Pensions Fund, the General Illness and Maternity Fund for the self-insured persons who have chosen to be insured in this fund and for additional mandatory pension insurance.
The minimum amount of the insurance income for the self-insured persons, who do not exercise labor activity during the whole month, is determined in proportion to the working days of the month for the period during which the activity is exercised.
Self-insured persons who perform activities on different grounds pay contributions on one of the optional grounds.
If the self-insured persons carry out an activity for which they are subject to insurance under an employment contract, the insurance contributions for their activity as self-insured persons shall be paid in advance on not less than the minimum insurance income determined for the respective year. The sum of the remuneration and the insurance income, on which the monthly insurance contributions are paid, may not be higher than the maximum monthly amount of the insurance income determined for the respective year.
For advice in connection with social security of self-insured persons you can contact our experts.