Dubai health insurance has changed in past few years and months. If you’re not on top of these changes, you might face a fine – renewal of your health insurance is now more important than ever. If you need a few tips, this guide will explain to you what you need to know about the possible fines and health insurance renewal in Dubai.
The Dubai Health Authority (DHA) has been overseeing the new enforcement of the mandatory health insurance in past few months. While a great amount of people are now covered, according to DHA’s reporting, businesses and individuals are not always up-to-date with what needs to be done and this has caused fines. Last minute rush might not be enough any longer either and simply by forgetting to update your Dubai health insurance, you might face a Dh500 fine.
What the new Dubai health insurance law is all about
The Dubai Health Insurance Law No 11 of 2013 was adopted under His Highness Sheikh Mohammed bin Rashid Al Maktoum and it paved way for the current mandatory health insurance laws. The law came into effect in 2014 with a transition period to ensure residents have enough time to adjust to the new system.
Mandatory health insurance kicked into effect on April 1 last year. Dubai residents have had to have an appropriate health insurance and it was added to the visa renewal system. Residents who haven’t secured a proper insurance have faced a fine of Dh500 per month – furthermore, no new visa would have been granted or renewed. In many instances, the sponsor or the employer provides the health insurance but it can often fall on the individual to find the best deals.
The health insurance changes have created an influx of insurance companies looking to find a spot on the market. Increased competition has been with its pros and cons. The competition has helped keep the costs relatively modest while the products on display are not always the best. It’s imperative that employers and individuals compare deals to ensure they find the right deal – both in terms of effectiveness and affordability.
The importance of avoiding fines as a small business owner
According to the DHA statistics, there have been fourteen fines recently for violating or manipulating the health insurance law. The fourteen clinics and pharmacies received fines between DH20,000 and DH60,000 ever since the law was introduced. Some fines were a result of surprise inspections while others were part of a formal complaint procedure.
The law places the burden of providing health insurance on the shoulders of sponsors and employers. Therefore, the fines will hit small business owners particularly hard – it is essential to great procedures that ensure employees have the right insurance in place at all times.
The Dh500 fine will be applied per person and on a monthly basis. Therefore, you will end up paying quite a bit of money if you forget to renew the insurance of your employers. Furthermore, the money will be automatically deducted via the electronic system when businesses renew the visas.
How to make the most of your health insurance?
So, how can you avoid the above? You need to make sure you have a proper health insurance in place. If you did your research earlier and you’re happy with the policy, you should ask the insurer to opt for automatic renewal. On the other hand, you might want to compare different Dubai health insurance options to ensure you find the most affordable and effective solution for your situation before you renew. Experts have said that people might have rushed to getting insurance right before the law kicked in and therefore, might have the wrong kind of policy in place. If you’ve not had health insurance before, you might find online tips for buying a health insurance useful.
It’s a good idea to set a renewal alarm on your calendar or even your smartphone a few weeks before your policy is about to renew. This will allow you to look at the options and make sure your coverage continues beyond the initial deal. If you are an employer, it is important to add the policy renewal to your HR practices to guarantee you’re providing the right cover and you avoid the fines. An electronic system is a good idea – it makes managing the policies easier and often guarantees renewal can take place in just a few clicks. An electronic system will also allow employees to view their insurance policies and takes away some of the burdens of keeping things organized from your shoulder as the employer.
The Dubai health insurance scene has changed a lot recently. However, if you don’t stay on top of the regulations and rules, you risk paying a hefty price. It’s important to sort out your health insurance now – whether you’re a business owner or an individual.