Bermuda Expat Insurance & Healthcare Options

Bermuda expat insurance is an important aspect for anyone planning to live or work on this island. Bermuda is a densely populated British Overseas territory located in the North Atlantic Ocean, approximately 650 miles east of North Carolina. The island is quite wealthy and is commended by the offshore finance sector. Bermuda has exhibited robust economic performance with its real GDP growth in Q4 2024 at 6.5% year-over-year. Its annual nominal GDP in 2024 stands at around $8.98 billion, along with inflation at approximately 3.3% in 2023 and total unemployment rate at an all-time low of 1.6%. These stable economic indicators are factors that facilitate the development of its healthcare system. The island has been under British control since the 1700s. Bermuda’s capital city is Hamilton, where you can find museums, shops, restaurants, and historic buildings. There are several excellent hotels on the island, and the country is very popular with visitors from the UK and the USA. It is also highly preferred among expatriates seeking a comprehensive Bermuda medical insurance coverage.

Healthcare in Bermuda for Expats

Bermuda enjoys a high standard of living, and as a result, the health of the inhabitants is quite good. However, for those obtaining medical care in Bermuda, it is good for them to have Bermuda expat insurance, as medical amenities come at a price. Therefore, both residents and expatriates must understand the choices Bermuda healthcare has in store for them. Bermuda has one Accident and Emergency hospital, the King Edward VII Memorial Hospital (KEMH), located in Hamilton, which is owned and operated by the government. There are also private clinics and adequate medical staff and doctors on the island. Medical services are expensive in Bermuda, in spite of the government allocating additional funds to respective ministries to the tune of $14.9 million of the current account outlay. To know about the healthcare system in Bermuda, check out our healthcare region page.

Public Healthcare in Bermuda

The Bermuda Hospitals Board (BHB) regulates Bermuda’s public healthcare system and is important to understand, to compare public medical options with Bermuda expat insurance plans. BHB includes King Edward VII Memorial Hospital (KEMH), Mid-Atlantic Wellness Institute (MWI), and the Lamb Foggo Urgent Care Centre. BHB provides all-inclusive services comprising diagnostic, treatment, and rehabilitative care with reference to Bermuda’s entire range of healthcare requirements.

KEMH is the only hospital in Bermuda having 360 beds, an emergency care ward, and an array of medical services. The hospital facility has undergone substantial expansion by way of a Public Private Partnership (P3), with the addition of a new Acute Care wing comprising a Single Nursing Unit with a 90-bed capacity, a Renal & Oncology Care Unit, Operation Theatres, and an Emergency & Walk-in Facility.

King Edward VII Memorial Hospital, as well as Mid-Atlantic Wellness Institute, are certified by Accreditation Canada, which is an autonomous body that enables hospitals to keep a check on and refine the quality of care and service they offer. The system caters to the around 65,000 people who are the residents of Bermuda and also the innumerable visitors who arrive at the island every year.

Private Healthcare in Bermuda

A number of specialized clinics and medical centers that make up the private healthcare sector in Bermuda offer additional healthcare services along with the public system. Located at the center of Hamilton, the Bermuda Medical Specialties Group functions as a leading medical center, with a team of capable doctors and medical professionals providing first-rate healthcare.

Private facilities such as Bermuda Healthcare Services Ltd. bring universal services such as MRI, X-Ray, CT Scan, echocardiography, and executive physicals for families. It houses two family physicians and 15 other medical service staff providing care irrespective of the patients’ paying capacity. Overseas collaboration improves private care offerings, with Lahey Hospital & Medical Center providing world-class specialized care.

Numerous health clinics and health centers spread across Bermuda provide efficient care for certain diseases or traumas that can be accessed via appointment. These private healthcare alternatives offer more medical care choices to expats and residents, which is why securing a Bermuda expat insurance that includes private medical services is advisable.

Insurance for Expat in Bermuda

Bermuda is in the process of making Universal Health Coverage operational by the year 2026. The government has already allocated $56.25 million towards reforms in healthcare in its budget for the year 2025/26 for Bermuda’s residents. The system will extend its coverage to prescription drugs, yearly medical evaluations for HIP & FutureCare participants, and crucial enhancements to the infrastructure of medical care. With assistance in the form of record government investment and development of health delivery systems, Universal Health Coverage is set to be operational in 2026. This is another reason for residents and expatriates to understand the working of this new system, along with the private insurance options. The government-sponsored system is designed to provide essential healthcare benefits; however, expatriates may still need comprehensive international health plans that include a Bermuda expat insurance offering the coverage the basic national plan lacks.

With the country’s closeness to the USA, it is also advisable to get a plan that covers medical treatment in the USA and Canada. Any serious medical injuries or illnesses may require medical treatment on the island, so medical evacuation coverage is essential. Most expats will seek medical treatment in New York if the services in Bermuda are not up to the task. For Bermuda expat insurance, our firm is your first stop.

Here is a list of different types of insurance coverage you will want if you are planning to start life as an expatriate in Bermuda:

To conclude, before expats opt for a Bermuda medical insurance, they need to get clarity on both the changing public healthcare environment and the best Bermuda expat insurance choices for them.

If you require a quote for Bermuda expat insurance coverage, contact Expat Financial today for a quote and to discuss your Bermudan insurance requirements.