Since it is mandatory for every resident in the Cayman Islands to have the minimum health insurance, it is essential for you to know the laws that must be followed by you and your employer.
Employers are mandated to provide a Standard Health Insurance Contract (SHIC) plan for all their workers from their very first day of employment, regardless of the type or length of their work permits. This requirement extends to any unemployed dependent spouse and child(ren) living on-Island. The same provisions also apply to the self-employed, those in a partnership and those with permanent residency without the right to work.
Legally, an employer, at minimum, must pay half of the single premium, based upon the lowest-costing plan made available to the staff and the employee pays the other 50% plus costs for dependants and/or upgraded coverage via payroll deductions. Given that premiums change year to year, always do your research, and negotiate with your employer that they pay more than the minimum contribution level, particularly in relation to the cost of your dependants and upgraded benefit packages.