Health Insurance Act 1970 • Standard Health Benefit (SHB) • Government HIP
Bermuda Health Insurance (SHB & HIP) Calculator
Determine mandatory healthcare premiums across Standard Health Benefit (SHB), Government HIP, and private comprehensive plans (Argus, BF&M, CG Insurance) with statutory 50/50 employer cost sharing.
Bermuda Health Insurance Act 1970 Statutory Rules
Under the Health Insurance Act 1970, healthcare cover is compulsory for all employed persons in Bermuda:
Employer Obligations
- Mandatory 50%: Employers must pay at least 50% of the cost of the Standard Health Benefit (SHB) or Government Health Insurance Plan (HIP).
- Non-Working Spouses: If an employee's spouse does not work, the employer is legally obligated to contribute 50% toward the spouse's basic health insurance premium.
- Commencement: Cover must take effect on the first day of employment.
Standard Health Benefit (SHB) & HIP
- SHB Coverage: Includes standard basic hospital ward accommodation, diagnostic imaging, and basic medical care at Bermuda Hospitals Board (BHB).
- Major Medical: Private insurers (Argus, BF&M, CG) wrap around SHB to provide overseas treatment in the US/Canada, dental, and prescription drugs.
- Currency: BD$ 1.00 = US$ 1.00.
📊 Bermuda Statutory Assessment & Contribution Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (BMD) |
|---|---|
| Primary Net / Statutory Payable Amount | $0.00 |
MS
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Offshore Jurisdiction & Bermuda Financial Framework Architect
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.