A new insurance company is gaining momentum in the Israeli capital, as the government’s new insurance law expands the list of insurance products that can be purchased.
In response to a request from The Jerusalem Times, Yom HaShoah, a Jerusalem-based public health NGO, said it is currently working with two insurance companies that specialize in providing private health insurance for individuals and small businesses.
“We have been working for more than a year to establish a partnership with two Israeli companies, who offer the insurance products and services for individuals, businesses and small enterprises,” Yom Yom haShoan said in a statement on Wednesday.
“The two companies have the same insurance policies and provide the same level of coverage.
They are both offering affordable private health plans, which include free dental care, free medical tests and medical equipment, and a discount on prescription drugs,” Yomin said.”
As we approach the first anniversary of the law, we hope to expand the range of policies offered to Israelis by providing affordable insurance to those who want it,” she added.
A spokesperson for the Ministry of Health said in an email that the government is in talks with the two companies and that “we are working on the first phase of this partnership to establish an affordable insurance policy for the general public.”
The two insurers have not yet responded to The Jerusalem Mail’s request for comment.
The law aims to improve the quality of health care in the Jewish state and bring more private health insurers to the country.
The Health Ministry said in January that private insurance had become a “major source of insurance for the public.”
However, the insurance market remains a patchwork, with many private insurance companies offering lower premiums than the government-run health insurance market.
Private insurance has been largely unregulated since it was established in the 1970s, with few rules and no regulatory bodies.
The industry has been hit hard by the financial crisis of 2008, and more than 400 private insurance firms were shut down in Israel last year.