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How many people in Saudi Arabia have insurance

How many people in Saudi Arabia have insurance

Question: 
Hi Dear sirs, could you inform me the statistics of How many people have insurance in Saudi Arabia? Thanks & best regards

Answer: 
The Kingdom of Saudi Arabia offers a comprehensive National Health Service type scheme for all Saudi citizens and expatriates working in the country’s public sector. Expatriates or Saudi Citizens working in the private sector are required to have some form of employer provided health insurance. This is a recent development in the regulation of the Kingdom’s healthcare system, as it was previously only foreign private sector workers who were mandated to obtain private health insurance.

In Saudi Arabia public funding accounts for 80% of all healthcare spending. In an effort to provide higher quality services and reduce overall spending (which accounts for approximately 11% of the overall government budget), the Ministry of Health has been instituting wide scale reforms in an attempt to modernize the healthcare industry and increase private sector involvement with healthcare initiatives.

The effort to provide private sector workers with health insurance has been implemented in phases over the last several years. The initiative started by only requiring foreign public sector workers and much larger private sector companies to obtain coverage. As of 26/07/09, however, any individual working in the Kingdom’s private sector, and their dependants, are required to have a comprehensive health insurance plan.

The total Saudi labor force was estimated to include about 8.01 million people as of 2008. The total number of people currently working in the Saudi private sector is believed to be 6.84 million; of this number 2.2 million are foreign nationals, while 4.6 million are Saudi citizens. Therefore, under the current guidelines, a conservative estimate would mean that 6.84 million people in the country have some form of private health insurance. An estimated 5.5 million expatriates currently reside in the country, although not all of them work in private industries.

If you are relocating to Saudi Arabia and are planning to work outside of the public sector, then under Saudi law you are required to have comprehensive health insurance. Pacific Prime can help you to find the policy best suited to meet your long term healthcare objectives. By offering a number of coverage options which will usually include benefits for maternity treatment, dental coverage, in-patient and out-patient care, specialist consultations, and emergency evacuation we are able to give you the peace of mind that you deserve while overseas.

The expatriate health insurance plans that we offer are typically guaranteed renewable for life, globally portable, and will allow you the freedom of choice to receive treatment from any doctor or hospital in the world. For more information about Pacific Prime, international health insurance for Saudi Arabia, or to receive a free quote, please contact us today.


     
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