Health Insurance  

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LisaAnn1014
(@LisaAnn1014)
Active Member

I'm considering moving to ST. Croix in the next few years. I can't seem to find a straight answer on health insurance in USVI.

As a US Citizen, can I find a plan that will cover me as an individual?

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Posted : July 19, 2017 8:35 pm
Scubadoo
(@Scubadoo)
Trusted Member

No.

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Posted : July 19, 2017 8:50 pm
LisaAnn1014
(@LisaAnn1014)
Active Member

Scubadoo, Do you know if I open a small business, would I be able to get it that way if I get a business plan or would I have to be a VI citizen to do that?

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Posted : July 19, 2017 8:56 pm
Scubadoo
(@Scubadoo)
Trusted Member

US citizen == VI citizen. You're a VI resident after 180 days or something like that. There are other discussions on the forum regarding folks getting group insurance with two people in their business. You can apply for a business license with DLCA as soon as you arrive.

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Posted : July 19, 2017 9:12 pm
quirion
(@quirion)
Advanced Member

If your business includes 2 or more you can find health insurance.

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Posted : July 20, 2017 2:33 am
vicanuck
(@vicanuck)
Trusted Member

If your business includes 2 or more you can find health insurance.

But at what price? I contacted the new Elan Insurance company a few weeks ago and got a quote for my wife and I who own a small business.

I was totally shocked at the monthly rate quoted at approximately $1600 a MONTH.

Currently, I'm paying about $1800 every QUARTER through Cigna Global.

To say I was shocked was an understatement.

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Posted : July 20, 2017 11:21 am
quirion
(@quirion)
Advanced Member

We got off Elan as soon as possible. We're with UHC now and at 1k a month. It ain't cheap.
You get Cigna Global due to canadian citizenship right? But they aren't accepting new policies?

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Posted : July 20, 2017 11:28 am
speee1dy
(@speee1dy)
Expert

wow, that is huge

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Posted : July 20, 2017 11:28 am
LisaAnn1014
(@LisaAnn1014)
Active Member

It's almost worth it just to open a savings account and put aside what you would be paying for insurance monthly. If or when something happens, you have the money there.

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Posted : July 20, 2017 11:51 am
Exit Zero
(@exit-zero)
Trusted Member

It's almost worth it just to open a savings account and put aside what you would be paying for insurance monthly. If or when something happens, you have the money there.

Certainly true for most of the time - except catastrophic emergencies.
It takes discipline to save it though and not access it for other things.

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Posted : July 20, 2017 2:01 pm
LisaAnn1014
(@LisaAnn1014)
Active Member

Is there a reason why there is not individual plans available?

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Posted : July 20, 2017 2:12 pm
islandjoan
(@islandjoan)
Trusted Member

Because the Lt. Governor Potter, under whose purview lies the regulation of insurance in the VI, is too busy traveling and liming to do anything about the lack of individual insurance in the VI.

As a matter of fact, if I remember correctly, he traveled to Bermuda recently, under the auspices of trying to lure more insurance companies here. Haven't looked it up to confirm whether my memory is correct.

Is there a reason why there is not individual plans available?

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Posted : July 20, 2017 2:23 pm
ms411
(@ms411)
Expert

There aren't individual policies because no insurance company wants to write them for a number of reasons. The market doesn't have enough young healthy people who could afford private insurance to offset those who aren't as healthy.

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Posted : July 20, 2017 2:29 pm
islandjoan
(@islandjoan)
Trusted Member

I had to look it up. Yes he did travel to Bermuda, OSTENSIBLY to convince health insurance companies based in Bermuda to offer packages to residents in the US VI. still waiting for news about THAT

Potters junket on our dime

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Posted : July 20, 2017 2:30 pm
islandjoan
(@islandjoan)
Trusted Member

Yes that is the other reason, because a large percentage of the local population has either diabetes, high blood pressure, or heart disease.

There aren't individual policies because no insurance company wants to write them for a number of reasons. The market doesn't have enough young healthy people who could afford private insurance to offset those who aren't as healthy.

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Posted : July 20, 2017 2:32 pm
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