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Bermuda: Domestic Corporate Taxation

Health Insurance

Under the Hospital Insurance Act 1970, Bermudan employers must take out health insurance for each employee under a contract with a licensed health insurer, or through the Government's Hospital Insurance Premium Scheme. It is possible to have a new insurer approved as a licensed health insurer on application to the Government.

Half of the cost of health insurance may be deducted from the wages of employees. Employees working fewer than 45 hours per month can be exempted from the scheme; employees working in Bermuda for less than six months are not included.

 

 

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