Medical Insurance

What is medical insurance?

Medical insurance, sometimes known as health insurance, covers the policyholder for medical expenses and treatment as outlined in the policy. In Cyprus, citizens from the European Union are eligible for free emergency treatment. However, there is usually a fee for in-patient and out-patient care. The cost of care can be expensive which is why medical insurance is important for expats living in Cyprus.

The type of cover you need depends on your circumstances. The extent of the cover and other factors such as age and location will determine the monthly premium cost for the policy.

Medical insurance should not be confused with critical illness insurance. It will not cover chronic illnesses or illnesses that require ongoing, long-term treatment.

How does medical insurance work?

As long as the policy is active, meaning you continue to pay your premiums, the insurance will pay out if you should need it. 

Payments are made monthly in the form of premiums. The amount you pay depends on the type of cover and how many people are on the policy.

Other factors which dictate the cost of medical insurance include:

• Your age
• Your medical history
• Your family’s history (if they are included on your policy)
• Your lifestyle

It’s worth noting that different insurers offer ways to reduce the price of your premiums. For example, some offer lower premiums for those who don’t smoke or use the gym regularly.

What does medical insurance cover?