The Argus Group Offering Insurance and Financial Solutions in Bermuda - Argus Bermuda
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Important notice:
BF&M and Argus are now Allshores. As we work to bring all products under the Allshores name, this website remains available for customers who require support with an Argus policy, plan, or account. Learn more
Health insurance premiums
- Fields Group
- Title
- Health insurance premiums
- Fields Group
- Question
- What is the Standard Premium Rate (SPR) and what does it include?
- Answer
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All health insurance premiums in Bermuda include a Standard Premium Rate (SPR), set by law. The SPR is made up of:
- The Standard Health Benefit (SHB) premium, which is retained by insurers to pay eligible SHB claims
- The Mutual Reinsurance Fund (MRF) fee, which is collected on behalf of Government’s Health Insurance Department