Oman - COVID-19 patients to be covered by insurance
Tuesday, 06 02 2020, Category: Insurance and Reinsurance, Country: Oman
The Capital Market Authority in Oman has launched an initiative to cover medical tests and treatment costs for COVID-19 infected insured members (nationals and expatriates) under their medical insurance coverage, according to a circular issued by the authority.
As the current health insurance policies do not include epidemics in their coverage limits in accordance with the prevailing global practices, the initiative will begin to be applied from the date of the issuance of this circular.
The circular addressed to insurers includes the directives related to coverage of the costs and treatment of insured members infected with COVID-19 up to their available annual benefit limits in their respective policies when they receive treatment for COVID-19 in any public or private hospital. The insurers will apply the unified standard price schedule and national guidelines set by the Ministry of Health (MoH).
All insured members currently receiving treatment for coronavirus and those members who develop symptoms will be covered in public and private hospitals, and will be effective from the date of issuance of the circular.