The Capital Market Authority is continuing its endeavors to implement the decision of the Council of Ministers in collaboration with the entities concerned with implementation of the compulsory health insurance scheme for the employees of the private sector, expatriates and visitors.
The decision aims to meeting the needs of the employees of the private sector relating to coverage of basic health to limit the high cost the employers of the private sector will incur in view of the current economic situation in addition to provision of quality services provided by the insurance companies and health care unit to the insured.
CMA set an executive work plan as milestones for implementation of the health insurance scheme the key of which is preparing draft unified health insurance policy for the employees of the private sector and their families to ensure sound competition and to avoid any future irregularities by insurance companies to provide the customer with proper basic health cover.
CMA reviewed the policy with the relevant entities such as the Ministry of Health, Ministry of Manpower, Oman Chamber of Commerce and Industry, insurance companies, health services providers in Oman and Oman Medical Association. The policy is currently under legal review at the CMA.
CMA sees the best mode of implementation is gradual implementation in phases and moving to the next phase will only be after ensuring the success of implementation of the previous phases. CMA held meeting with the concerned entities and competent ministries for their opinion on the implementation phases of the health insurance scheme.
As to the insurance for visitors entering Oman from the various entry points CMA is endeavoring with Royal Oman Police to set out appropriate method for health insurance of visitors to ease obtaining such insurance at the border checkpoints.