Is Health Insurance Required When Moving to Bermuda?

When considering a move to Bermuda as an expat or digital nomad, one of the essential preparations is ensuring you have adequate health insurance coverage. Bermuda does not have a national health service like some other countries, and healthcare can be quite expensive. Therefore, it is crucial for newcomers to have a health insurance plan that will cover them adequately during their stay. The Bermuda government requires all non-residents to have health insurance that meets certain minimum coverage amounts. This insurance should be in place upon arrival and must cover the individual for the entire length of their stay, as it will be a prerequisite for obtaining residency. It is important to note that while Bermuda offers a subsidized healthcare system for its residents, newcomers will need to rely on their private health insurance until they are eligible to participate in the local system.

Does Expat Health Insurance Meet the Requirements?

Most expat health insurance plans are designed to meet the requirements of various countries, including Bermuda. However, it is vital to check that the plan you are considering offers sufficient coverage for Bermuda's specific healthcare costs. The insurance should cover hospital stays, medical procedures, and emergency services. Additionally, it should provide coverage for the entire duration of your stay, without any gaps. It is advisable to contact the insurance provider directly to confirm that their coverage meets Bermuda's minimum requirements and to understand any exclusions or limitations that may apply.

Which local health insurers offer this type of insurance?

In Bermuda, there are several local health insurers that offer plans suitable for expats and digital nomads. These include companies like BF&M, Argus, and Colonial. These insurers provide a range of health insurance products that can be tailored to meet the needs of individuals moving to the island. They offer plans that include hospitalization, outpatient services, prescription drugs, and sometimes even dental and vision care. It is recommended to contact these insurers directly to discuss your specific needs and to obtain a plan that is compliant with Bermuda's health insurance requirements for newcomers.

Advice from Expats in Bermuda about Health Insurance

Experienced expats in Bermuda often emphasize the importance of thoroughly researching and understanding the terms of your health insurance policy before making the move. They advise looking for a plan that offers comprehensive coverage, as medical costs in Bermuda can be significantly higher than in other countries. It's also important to consider the reputation and customer service of the insurance provider, as well as the ease of filing claims. Expats recommend reading the fine print to be aware of any deductibles, co-pays, or coverage limits. Lastly, ensure that your plan includes medical evacuation coverage, as some treatments may require travel to the United States or other countries. By taking these factors into account, newcomers can secure a health insurance plan that provides peace of mind and financial protection during their stay in Bermuda.