How to Maximize Your Health and Pension Insurance in Israel – Without Losing Money
How to Maximize Your Health and Pension Insurance in Israel -Without Losing Money
By Insight Financial Solutions
Moshe Pergamenikov, Licensed Insurance and Financial Advisor
Navigating Israel’s insurance system can be complicated, especially for English-speaking new immigrants (Olim) and returning residents. Language barriers, past medical conditions, and unclaimed insurance reimbursements can lead to unnecessary financial losses — sometimes tens or even hundreds of thousands of shekels.
Get Health Insurance Without Exclusions for Pre-Existing Conditions
As we explained in How Can You Be Accepted for Health Insurance Without Exclusions, some private companies in Israel allow enrollment without a health declaration.
This means that you, your child, or your family members can receive coverage even with a previous medical history, and claims are usually paid without referencing pre-existing conditions — provided no claims were made during the qualifying period (3–12 months).
Covered services often include:
- Specialist consultations
- Advanced tests (MRI, PET-CT, Ultrasound)
- Physiotherapy and hydrotherapy
- Child development therapies, occupational therapy, speech therapy
- Therapeutic swimming, riding therapy, dietary counseling, and personal fitness
This type of coverage is especially valuable for families seeking comprehensive insurance in Israel.
Don’t Miss Out on Unclaimed Insurance Reimbursements
As highlighted in Sometimes it’s Like Picking Money Up from the Floor, many families have unclaimed insurance reimbursements waiting for them.
By carefully reviewing receipts and medical records from previous years, you can often recover thousands of shekels.
In one case, a family of six reclaimed around 9,000 ₪ over three years, simply by submitting claims that had previously been overlooked.
How to Handle Long Waiting Lists for Doctor Appointments
Long waiting times in Israel’s public healthcare system are well-known. One solution is using an ambulatory appendix as part of your private health insurance.
- This coverage reimburses between 630–1,000 NIS per specialist visit, usually about 80% of the cost.
- It also covers advanced tests such as MRI, PET-CT, and ultrasound.
Additionally, fast diagnosis services can provide rapid access to advanced testing and results within 3–7 business days, often with minimal out-of-pocket expenses.
Learn more about fast diagnosis and ambulatory appendix coverage in What to Do About Long Waiting Lists.
Quickly Reduce Monthly Insurance Expenses
As discussed in How to Quickly Reduce Monthly Insurance Expenses, reviewing your policies regularly can identify duplicate coverage, gaps, or unnecessary add-ons — often saving hundreds of shekels per month.
Working with a professional insurance agent ensures that your coverage is optimized while keeping costs under control.
Why English-Speaking Insurance Agents Are Critical for New Immigrants (Olim)
For English-speaking new immigrants (Olim) , a licensed agent who understands both the Israeli system and your unique needs is invaluable.
- They help you maximize your health and pension insurance coverage
- Ensure that claims for pre-existing conditions are honored
- Navigate public and private healthcare systems efficiently
- Save you money while protecting your family
With the right guidance, you can avoid costly mistakes, secure faster appointments, reclaim unclaimed reimbursements, and reduce monthly expenses — all while enjoying peace of mind.
💬 Want to see how much you could save and improve your coverage?
Contact Insight Financial Solutions today for a free consultation — professional insurance and financial guidance in English, tailored for new immigrants (Olim) and returning residents in Israel.
