Do I need Health Insurance When Moving to Iceland?

Moving to Iceland as an expat or digital nomad brings with it the excitement of embracing a new culture and the stunning natural beauty of the country. However, amidst the planning and packing, it's crucial to consider the practicalities of such a move, one of which is health insurance. Iceland has a robust public healthcare system, but newcomers are not immediately eligible for coverage. Therefore, it is essential to have health insurance upon arrival, which will cover you until you gain residency or become enrolled in the public healthcare system. The requirements for this insurance typically include a minimum coverage amount and a policy that remains valid for the length of your stay or until you meet the conditions for public healthcare coverage.

Does Expat Health Insurance Meet the Requirements?

Expat health insurance policies are designed to meet the needs of individuals living temporarily or permanently outside of their home country. In Iceland, expat health insurance must provide comprehensive coverage that is comparable to the local healthcare system. This means that the insurance should cover a range of medical services, including emergency treatment, hospital stays, and sometimes even repatriation. It is important to ensure that the policy you choose meets the Icelandic Directorate of Immigration's requirements, which may include a minimum coverage amount and the validity of the policy for the duration of your stay or until you are eligible for the national healthcare system. It is advisable to contact the Directorate or consult with an insurance expert to confirm that your expat health insurance policy is sufficient.

Which local health insurers offer this type of insurance?

In Iceland, there are several local health insurers that offer policies suitable for expats and digital nomads. These insurers provide a range of plans that cater to different needs and budgets. Some of the well-known insurance companies in Iceland include Sjova, VÍS, and TM. These insurers have a reputation for offering comprehensive health insurance plans that are tailored to meet the legal requirements for newcomers. They also provide customer service in English, which can be very helpful for expats who are not fluent in Icelandic. When choosing a local insurer, it is important to compare the coverage options, premiums, deductibles, and any exclusions to ensure that the policy fits your specific needs.

Advice from Expats in Iceland about Health Insurance

Expats who have already made the move to Iceland often emphasize the importance of securing health insurance that provides extensive coverage. They advise newcomers to thoroughly research and understand the terms and conditions of any insurance policy before signing up. It's crucial to look for a plan that not only meets the legal requirements but also offers a level of coverage that you are comfortable with, considering the potential high cost of medical services for those not covered by the public system. Additionally, expats recommend choosing a policy that has a straightforward claims process and offers direct billing with hospitals and clinics to avoid out-of-pocket expenses. Lastly, it's wise to ensure that your policy includes coverage for any pre-existing conditions and to be aware of any waiting periods that may apply before certain benefits become available.