CMA prepares comprehensive plan to introduce mandatory health insurance for all private sector employees
Oman’s financial regulator, Capital Market Authority (CMA) recently said it has devised a comprehensive plan for implementing mandatory health insurance for all private sector employees in the sultanate from next year.
The proposed new health insurance policy, which is still under discussion, aims to provide medical coverage for all including expatriates. The implementation of mandatory health coverage is likely to be done in stages, starting from big companies to smaller enterprises. Small, micro and Medium enterprises (SME) would be excluded from it in initial stages.
‘During a meeting organised recently by the health insurance committee, health insurers and agents were briefed on the plan and its implementation phases’, CMA said in a press release without giving a specific date on which mandatory health insurance will be implemented across the country.
During the meeting it gave an overview of the main features of the new unified insurance policy that will be launched prior to the implementation phase to start generalising health insurance, the release said.
“The meeting was organised to align efforts of all key players to achieve a sustained, consistent and institutional implementation mechanism that considers views and opinions of everyone. Apart from ensuring access to basic necessities, the generalisation will encourage private sector investments in health insurance and care,” said Ahmed bin Ali al Maamri, vice president of insurance sector at the CMA. He is also the head of health insurance project team at the CMA.
The authority also ensured the participants of the meeting that their concerns will also be kept in mind while planing, and deciding basic standards for the health insurance sector. It also met representatives from private health institutions, Ministry of Health and from the General Federation of Oman Trade Unions.