Group Medical Insurance for Businesses in Cyprus
Compare plans from 5+ insurers. Get your team covered from EUR 20/employee/month. Employer premiums are 100% tax-deductible since 2024.
Circular 3/2024 changed the game. Employer-paid group health premiums are now fully deductible as a business expense. No cap. No limit. It's the single best tax incentive for employee benefits in Cyprus right now.
Why DigiCare
Why businesses choose DigiCare for group medical insurance
Multi-Insurer Comparison
We compare Atlantic, MetLife, Universal Life, Trust, and more. One form gets you quotes from the whole market.
Fast Turnaround
You'll have comparison quotes within one business day. No lengthy paperwork at this stage.
Tax Savings Guidance
We help you make the most of the unlimited employer tax deduction under Circular 3/2024. Your accountant will thank you.
Multilingual Support
Full service in English, Russian, and Greek for international teams in Cyprus.
How much does group medical insurance cost per employee?
I get asked this question every week by business owners. The honest answer: group medical insurance in Cyprus costs between EUR 20 and EUR 140 per employee per month. Where you land depends on coverage tier, insurer, group size, and the average age of your team. Here are the ranges I see most often.
| Plan Type | Monthly Cost Per Employee |
|---|---|
| Local inpatient only | €20-35 |
| Local inpatient + outpatient | €30-55 |
| Local comprehensive (dental, optical) | €40-70 |
| International inpatient | €50-120 |
| International comprehensive | €80-140 |
Prices are indicative ranges based on market data for groups of 5-50 employees. Actual premiums depend on group demographics and claims history.
What does group medical insurance cover?
Private hospital room and board
Surgery, anaesthesia, and operating theatre charges
ICU and intensive care
Oncology treatment including chemotherapy and radiotherapy
Diagnostic imaging: MRI, CT scans, PET scans
Ambulance and emergency transport
Outpatient GP and specialist visits (optional add-on, +20-55% premium)
Dental and optical benefits (optional add-on)
Maternity cover (optional, 9-12 month waiting period)
Emergency medical assistance abroad
Annual coverage limits
| Insurer Type | Inpatient Limit |
|---|---|
| Local basic | €30,000-60,000 |
| Local executive | €500,000-1,000,000 |
| Local top-tier | Up to €2,000,000 |
| International | €300,000-6,000,000 |
Groups of 10+ employees can access MHD underwriting. That means pre-existing conditions are covered from day one, no individual medical declarations needed. Ask us about your options.
The 2024 tax advantage: 100% deductible group health premiums
This is the part most business owners don't know about. Under Circular 3/2024, employer-paid group health insurance premiums are fully deductible as a business expense. No annual cap. The old 1% restriction is gone.
Employer premiums: 100% tax-deductible with no cap (Circular 3/2024, effective from 2024)
Employee contributions: deductible at 2% of taxable income (up from 1.5%)
At the current 15% corporate tax rate, every EUR 10,000 in premiums saves your company EUR 1,500 in tax
Here's a real example. A company with 20 employees pays EUR 45 per employee per month. That's EUR 10,800 per year. At the 15% corporate tax rate, the tax saving comes to EUR 1,620. So the effective annual cost drops to EUR 9,180, or just EUR 38.25 per employee per month.
Tax regulations can change. Please consult your corporate tax advisor to verify how these deductions apply to your specific business.
Group medical insurance vs GeSY: do you need both?
| Feature | GeSY | Group Medical Insurance |
|---|---|---|
| Mandatory? | Yes (employer 2.90% + employee 2.65%) | No (voluntary benefit) |
| Specialist access | Weeks to months via referral | Days, direct access |
| Hospital choice | GeSY-contracted hospitals only | Any private hospital |
| Dental cover | Not included | Yes (as add-on) |
| Optical cover | Not included | Yes (as add-on) |
| Treatment abroad | Very limited | Yes (international plans) |
| Who controls the plan | Government | Employer chooses tier and insurer |
Most of our corporate clients use GeSY as the baseline and add group medical on top to fill the gaps. Faster specialist access, broader hospital choice, dental and optical cover. GeSY simply doesn't provide those.
Which businesses need group medical insurance?
Any Cyprus employer can set up a group medical plan. Most local insurers require a minimum of 5 employees, though international options start at just 3. It's especially popular with companies competing for skilled workers in these sectors.
Technology & IT
The most competitive talent market in Cyprus right now. If you're not offering private health cover, your best developers will go to a company that does.
Financial & Professional Services
Staff retention is everything here. International plans work well for employees who travel between EU offices.
Shipping & Maritime
A major Cyprus sector with international crews. Worldwide coverage is typically a requirement, not a nice-to-have.
Hospitality & Tourism
Year-round core staff benefit from coverage. In my experience, it helps reduce the kind of turnover that ends up costing you more than the premiums.
Construction & Manufacturing
Group medical plans complement your mandatory employers' liability insurance for complete employee protection.
HOW IT WORKS
Get your team covered in 3 simple steps
Tell us about your team
Fill in our short form with your employee count, approximate ages, and preferred coverage level. No medical declarations needed at this stage.
We compare the market
We pull quotes from Atlantic, MetLife, Universal Life, Trust, and more. You get a side-by-side comparison within one business day.
Choose and we handle the rest
Pick the plan that fits your budget. We handle the policy documents, send certificates to each employee, and manage your renewals going forward.
FAQ
Frequently asked questions about group medical insurance
Ready to get your team covered?
Compare group medical insurance plans from multiple Cyprus insurers. Get a free, no-obligation quote in English, Russian, or Greek. One form. Multiple options. Your call.