EU insurance might not cover you in Monaco – Here is what to do

 October 4, 2019

Photo via Drouin Assurances



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It is highly recommended to check whether your insurance provider will cover the Principality of Monaco, because Monaco is a country outside of the European Union.

Private insurance can be requested for many purposes during your stay in the Principality of Monaco.

"The majority of insurance companies offer international health insurance for the territory of the European Union, however, it is recommended to check whether your provider will cover the Principality of Monaco, because Monaco is a country outside of the European Union. You may be required to extend your cover to include Monaco." - explains Frédéric Drouin, owner of Drouin Assurance

For those who are aiming to change insurance, there are some minor things to consider.

Photo via Drouin Assurances

The first consideration is whether to use personal insurance, business insurance or a combination of both.

Secondly, make sure you compare the benefits of having European insurance or specific Monégasque insurance; this could be interesting when international health costs apply.

Monaco Social Security Fund

In the case where you are not just relocating but working as well in the Principality of Monaco, you can find yourself in a much better situation. Monaco offers 80-100% refunds on health care expenditure for employees and their families, since its public welfare system is funded by employers’ contributions.

The Monaco Social Security Fund offers Monaco based employees and employers the “C.S.M.” app for tablets and smartphones, which allows them a clear view on their benefits.

Once this app is installed on the smartphone of their spouse / children’s F.S.E. card (electronic health records), they can benefit from the same services at their medical appointments.

Photo via Drouin Assurances

Health Insurance Funds

The Principality of Monaco offers three different health insurance funds: − Social Services Compensation Fund (Caisse de Compensation des Services Sociaux) − Social Security Fund for the Self-Employed (Caisse d’Assurance Maladie, Accident et Maternité des Travailleurs Indépendants) − State Medical Benefits Office (Service des Prestations Médicales de l’État)

Photo via Drouin Assurances

Do you have questions related to insurance in Monaco?

DROUIN ASSURANCES is a Monaco based bespoke insurance brokerage specialising in dealing with luxury insurance contracts for HNW and UHNW individuals.

c/o IBC
2, Rue du Gabian
Monte-Carlo, 98000 Monaco

Phone: +33 676 82 67 17

Discover more: Drouin Assurances


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