If you wish to set up a new online account or have any questions about your existing online account, please call +1-441-298-0301

Back to FAQs

What is the Standard Premium Rate (SPR) and what does it include?

All health insurance premiums in Bermuda include a Standard Premium Rate (SPR), set by law. The SPR is comprised of:

  • Standard Health Benefit (SHB) premium, which is retained by insurers to pay eligible SHB claims

  • Mutual Reinsurance Fund (MRF) fee, which is collected on behalf of Government’s Health Insurance Department

While the SPR for 2019-2020 remains the same as it was in 2018- 2019, the distribution of the components of this premium have changed. This means that more than 93% of the SPR now flows to the Government.

2018-2019 $253.34 $101.97 $355.31
2019-2020 $23.34 $331.97 $355.31

More Health FAQs

Didn't find what you were looking for?

Call a BF&M representative for more information.