The surplus of the Health Insurance Fund for 2024 amounts to EUR 113 million, with the fund’s accumulated reserve totalling EUR 707 million, which corresponds to approximately 4.6 months of payments.
Specifically, based on the unaudited financial statements, the fund’s total revenue for 2024 amounted to EUR 1,839 million and total expenditure to EUR 1,726 million, with net surplus for the year totalling EUR 113 million.
The fund’s positive financial position enables the Health Insurance Organisation to further expand and improve the services offered, introduce new technologies and embark on new projects, such as the programme to manage patient missions abroad for certain treatments not available in Cyprus under the general healthcare system (GeSY), which is expected to start on 1 October 2025.
The fund’s reserve is estimated to remain at approximately the same level at the end of 2025, which also depends on the development of the economy, on which the fund’s income mainly depends.