Do I need Health Insurance When Moving to Iceland?

As an expat or digital nomad planning to move to Iceland, you might be wondering if you need health insurance upon arrival. Iceland has a robust public system, but it's essential to understand the health insurance requirements for newcomers seeking residency. If you're staying in Iceland for more than six months, you'll need to have health insurance coverage for the initial period until you are enrolled in the public healthcare system. The Icelandic Directorate of Immigration requires that your insurance covers at least ISK 2,000,000 (approximately USD 15,500 or EUR 13,500) for the first year of your stay.

Does Expat Health Insurance Meet the Requirements?

Yes, expat health insurance plans typically meet the requirements set by the Icelandic Directorate of Immigration. However, it's crucial to ensure that your chosen plan covers the minimum amount required and is valid for the duration of your stay. Additionally, make sure that the insurance policy covers emergency medical treatment, hospitalization, and repatriation.

Which local health insurers offer this type of insurance?

While many expats opt for international health insurance plans, there are local Icelandic insurers that offer suitable coverage. Some of the prominent local health insurers include Sjóvá-Almennar tryggingar, VÍS, and TM tryggingar. These companies provide various insurance plans tailored to foreigners living in Iceland. It's recommended to compare the different options and choose the one that best fits your needs and budget.

Advice from Expats in Iceland about Health Insurance

Expats in Iceland share some valuable advice for newcomers looking for health insurance. Firstly, ensure that your insurance plan covers pre-existing conditions, if applicable. Secondly, consider dental coverage, as dental care can be expensive in Iceland. Lastly, be aware of the waiting times for non-emergency procedures in the public healthcare system, and consider choosing an insurance plan that offers access to private healthcare providers to minimize waiting times.