Cayman Islands is a UK overseas territory that resides in the Caribbean and provides its residents and visitors beautiful beaches and a warm climate. The islands have become known as a large and respected financial centre along with a significant tax haven. In fact, the economy is dependent on tourism, banking and tax planning. Most of the population under 55,000 reside in the George Town on Grand Cayman.
Healthcare in the Cayman Islands
There is a high standard of specialist and general medical support in the islands of Grand Cayman, especially in George Town. The government has a well-run public health department and health centres. There are excellent doctors who reside on the island as well, some of whom may work at one of the private clinics or two hospitals on Grand Cayman and one on Cayman Brac.
Insurance for Expat in the Cayman Islands
Cayman introduced a mandatory health insurance law in 1997 that requires all residents to have minimum private sector health insurance to cover basic medical expenses. The premiums are shared evenly between the employee and employer. Individual expats should obtain an international healthcare plan that will cover them not just in Grand Cayman, but also fully in the United States, which is just a short flight away. Any serious medical injuries or illnesses may require medical treatment off the island, so medical evacuation coverage is vital. Most expats will seek medical treatment in Florida if the services in Grand Cayman are not up to the task.
Here is a list of different types of insurance coverage you will want if you are planning to become an expatriate in Grand Cayman:
- International Health Insurance
- Expat Life and Disability Insurance
- Travel Insurance
- Evacuation Coverage
- Group Expat Insurance Plans
If you require a quote for Cayman Islands expat insurance, contact Expat Financial today for a quote. We can source excellent health global health insurance plans that will cover expatriates and even local nationals globally, including the USA.