Foreign Perspectives

We’ve just received the bill for the health insurance for the coming year…. EUR 10,047!!

Yes, ten thousand euros.

As with all French administrative organisations, the health insurance people take an incredibly optimistic view of the income that a business is receiving when they make their estimates. Start-up business are assumed to make tens of thousands of euros even after all their start-up expenses have been taken into account.

By year three we are apparently supposed to be making around EUR 155,000 before expenses are deducted, hence the somewhat ridiculous figure of EUR 10,000 that they want us to pay at this point.

Why the estimate though? Well, our accountant still hasn’t gotten around to doing the books for 2005 and recently announced that they need more information for 2006 despite assuring us nearly six months ago that they definitely had everything that was required.