Experts have warned that Dubai-based companies not yet in compliance with the UAE's new health insurance legislation could soon face financial penalties.
In February 2014, the Dubai Health Authority (DHA) notified firms with over 1,000 employees that they had until October 31st to comply with the new laws. Essentially, the DHA wanted employers to provide a basic level of medical insurance for their workers by this date.
Just prior to the deadline, director general of the DHA, Essa Al Maidoor, said: “So far, we are pleased with the results of the roll-out and are thankful to all those employers who have supported us by adhering to the deadline, however there are still some employers who have not yet met the deadline and we urge them to act promptly.”
The DHA said that almost 70% of large companies had already registered or were in the process of doing so.
Meanwhile it is believed that smaller Dubai-based employers will be increasingly pushed to comply over the next two years. Employers with 100-199 workers reportedly have until July 2015 to comply, while firms with fewer than 100 employees will have until July 2016.
Al Maidoor commented: “This is a major milestone in ensuring access to healthcare… By mid-2016, everyone in Dubai will have mandatory access to health insurance.”
As the UAE is furthering its position as a global business centre, expat firms operating in the region are being pressured to provide employees with high-quality private medical care.
At Chase Templeton we specialise in providing businesses of all sizes with corporate health plans – backed up by the fact that we were named the UK’s Best Group Private Medical Insurance Intermediary at the 2014 Health Insurance Awards.
Get in touch with us today to find out how we can provide your business with a perfectly tailored health insurance policy.