Best health insurance in Saudi Arabia

The best health insurance in Saudi Arabia – The cheapest health insurance for individuals and workers for May 2023

We know how hard it is to find a good and cheap health insurance plan out there. But you’re in luck! We’ve decided to take on the quest of finding the best medical insurance premiums for you, regardless of if you’re a worker or just an individual.

It’s impossible to imagine someone needing medical treatment and not being able to afford one, so we’ve made it our mission to display the best information about health insurance plans for you!

What is health insurance in Saudi Arabia?

Health insurance in Saudi Arabia is an optional insurance product that’s provided by insurance networks in Saudi Arabia. It provides health insurance coverage for the insured. If you, God forbid, need a non-government-subsidized life-saving drug, any surgery, medical advice, or health service outside of a government-funded primary health care system, you’ll need private health insurance.

The best health insurance in Saudi Arabia may be:

1. Additional health insurance. Additional health insurance is the best health insurance supplement to the free health care services that are provided by government medical facilities. It covers all unsubsidized medical expenses, such as treatment of chronic or incurable diseases, purchase of life-saving medicines, and many, many more.
2. Alternative health insurance. This is the best alternative health insurance for basic or complementary health care services provided by medical facilities and government institutions. For example, insurance for surgeries, insurance for medical consultations, insurance for organ transplantation, treatment, accommodation, daycare in the hospital, and more.

The best health insurance – The factors that affect the value of the insurance premium

You should know that the higher the possibility of using the insurance, the higher the total insurance cost for one year and the monthly premium that you have to pay.

This is because all the factors that affect the value of the insurance premium are derived from the risk assessment factors that the insurance company adopts to accept or reject the application for health insurance and in the pricing of the insurance policy for each individual applicant.

Here are some of the most important factors that affect the price of the best health insurance in Saudi Arabia and that insurance companies take into consideration with every applicant:

• The type of health insurance
  Family health insurance is usually the most expensive, followed by individual health insurance and then group health insurance for workers. It’s important to note that the type of health insurance plans you get doesn’t affect whether you will get or not get the insurance, it only affects the price. Medical care is included in all three types.
• The health status of the insured
  The health condition of the insured is a fundamental factor in determining the cost of insurance. Even the acceptance or rejection of the insurance application can be at stake. Many Saudi families opt for family insurance to cover a loved one that’s in poor health instead of getting them an individual health insurance plan since they can be rejected. Insurance companies usually do not insure people with chronic diseases or complex medical conditions unless the applicant has excluded his medical condition from the terms of the insurance policy. But, excluding a condition that may be a “deal breaker” often leads to the cancellation of the insurance plan or simply not covering the bills for said disease.
• The generation of the insured
  The more advanced generation the applicant is, the higher the insurance premium.
  The purchase of health insurance at an advanced age will have a significantly higher total cost than at an early age. In this case, the insurance company excludes many insurance items due to the applicant’s advanced age, the higher the level of risk, and the possibility of activating the insurance. This may prove a problem for many since the elderly need coverage most often.
• Tolerance amount
  The higher the deductible amount that you incur in financing expenses for each insurance event, the lower the value of the monthly health insurance premium that you pay, and vice versa. The deductible amount is a fixed amount or a partial percentage of the insurance coverage value that is determined upon negotiation with the insurance company. The insured undertakes to bear it upon the occurrence of any insurance event. It usually amounts to 20% of the total costs of the insurance event.
• Smoking
  Smokers are more susceptible to diseases at an earlier age, so private health insurance is more expensive. This means that if you’re a proven smoker, you’ll almost certainly pay a higher premium for your private health insurance and won’t be able to get cheap health insurance, for that matter.
• Your lifestyle and the type of environment in which you spend your time
  Insurance companies often take interest in what you’re doing in your free time. That doesn’t sound fair, right? Well, in order to estimate how prone you are to certain diseases and medical problems, your medical insurance company will take interest in your lifestyle. Do you exercise, whether you drink, what kind of job you do, and every other aspect of your life that may cause you any serious health problems? This is done by medical insurance companies, so they know what to expect and whether you’re a suitable candidate.
• Geographical area
  If you live in a geographical area with limited health services, the insurance premium will be higher. Medical services and the availability of medical facilities differ from one geographical area to another in the Kingdom of Saudi Arabia. Thus, the monthly health insurance premium may be relatively higher in geographical areas that lack medical centers and advanced health care services.

Best health insurance for 2023 – Frequently Asked Questions