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The cost of your insurance premiums is calculated according to your annual (MYEL) earnings as specified in your insurance decision.

MYEL earnings are always calculated on an annual basis, even if your grant or scholarship period is shorter than one year, while your insurance premiums and the amount of pension you accrue are based on the actual insurance period.

Further information about annual earnings: Annual earnings.

You can estimate the cost of your insurance premiums by using the Premium calculator.


Your insurance premiums are invoiced according to how long your insurance is valid.

The first due date depends on the date on which your insurance was issued. Invoices are payable on the 15th day of the month.


  • If your insurance is valid for one calendar year, you will be invoiced in four instalments.
  • If your insurance is valid for 6 months or less, you will be invoiced in one instalment.
  • If your insurance is issued retroactively for a previous period, you will be invoiced in one instalment.

Insurance premiums are generally payable in March, June, September and December. Exceptions to the invoicing periods may be caused by the turn of the year and changes to your grant or scholarship work.

Premiums for leisure-time accident insurance are always invoiced separately.

Payment schedule requests

If you wish to have more time to pay your premiums, please contact our Financial Department (vakuutusmaksut (at) in order to set up a payment schedule.

Interest for late payment is always charged for outstanding premiums. The annual interest for late payment in accordance with the Interest Act is currently 4%.

If payment is overdue, and you have not agreed a payment schedule Mela, you will receive one payment reminder before recovery proceedings are undertaken.

MYEL insurance premiums are tax deductible

Insurance premiums are fully tax deductible. Mela notifies the Finnish Tax Administration directly about premiums that you have paid.

Other payments related to MYEL insurance

Your annual (MYEL) earnings are also used to calculate your healthcare contribution and public broadcasting tax. The healthcare contribution comprises a daily allowance contribution payment (1.49% of your annual earnings in 2019) and healthcare payment (exempt in 2019). Further information about healthcare contributions and the public broadcasting tax is available on the Finnish Tax Administration website.

Do you have any questions regarding your premiums?

We have collected on our website the most frequently asked questions that you can browse to find answers to your own questions.


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