Changes in the Cyprus Law on the National Health Insurance System, which entered into force in 2017
Two years ago, the Government of Cyprus introduced some amendments to this law, thanks to which, starting from 2019, employers and employees will be required to pay insurance premiums that are necessary to start and further maintain the functioning of the insurance medicine reform in Cyprus. Currently, the law provides for different interest rates for the following categories of citizens:
- For self-employed citizens, the amount of insurance premiums is 2.55% of the income received during the month.
- For public sector employees, tenants, retirees, private workers – 1.7%.
- For employers – 1.85% (included in the salary of an employee, paid to ensure his access to the system of insurance medicine). In addition, the employer is also required to pay their insurance premiums.
For its part, the state also guarantees payment of 1.65% of the monthly income of retirees and employees.
If an individual or legal entity is a non-resident of Cyprus, contributions are paid only from the pension, salary and income that were received in the territory of this state.