Price of Health Insurance for Employees in Latvia 2026
- Katelyn McKeone
- 5 days ago
- 3 min read
The cheapest policies start at around €120 per year per employee, while the most comprehensive and flexible solutions can cost more than €1,000 per year per employee.
It all depends on your company's needs, the coverage you choose, and the number of employees.
What affects the price of health insurance?
The price of health insurance for employees in 2026 is made up of several factors:
the number of employees,
the industry in which the company operates,
location (prices are often lower in regions),
the content of the selected basic program,
the amount of additional coverage.
If you want to quickly understand how the price is formed for different levels of coverage, you can try the Perks health insurance calculator for companies - free of charge and without registration.
How to get the cheapest health insurance for employees?
Many companies start with the desire to find the cheapest policy. However, when we explain more about employee health insurance, we often see that the question changes. Not how to get the cheapest policy, but how to get the best insurance for the available budget.
Cheaper policies often mean limited practical use. If the reimbursement limits do not match the real costs of treatment, employees have to pay extra from their own funds, which is frustrating. If the employee does not understand why the insurance “does not work”, the company’s benefit from this benefit also becomes questionable.
Tax advantages for the employer
Health insurance is not only a responsible step towards employees – it is also a financially smart choice. According to Latvian tax regulations:
A company can create an additional compensation package for employees without the same tax burden as a salary supplement. Up to €750 per year per employee; this insurance is exempt from payroll taxes.
If you'd like to know more, read our blogpost here.
What affects the price of employee health insurance in 2026?
Health Insurance for employees consists of multiple components. Try our employee health insurance calculator (guide) to see different coverage options and explore approximate prices.
Company information
Depending on the insurer and the plan you choose, the price per employee can be affected by:
Number of employees
Industry
Location
Base policy selection
Basic programs vary from economical to extensive or customized. They usually include:
consultations with medical specialists (€25–60 per session),
visits by highly qualified specialists (€50–90),
diagnostics, laboratory tests,
mandatory health checks.
Add-ons (optional)
Additional coverages can be customized to the needs of the company. Typically chosen:
Dental treatment (€200–€300)
Vaccinations (€50–€70)
Medications (€50–€100)
Outpatient rehabilitation (€100–€150)
Sports coverage (around €30 per month)
How to stop overpaying for health insurance?
The only way to stop overpaying for employee health insurance is by comparing. It's essential to compare policies from several insurance companies and choose the one which fits your business and your needs best.
We help companies go through the entire policy cycle from identifying their needs to creating a detailed comparison of all offers free of charge.
The insurance market is changing. Prices, conditions and available services vary. Therefore, even a small insight into the alternatives can provide surprising discoveries – for example, better coverage for a similar price.
Why choose a customized approach?
The standard approach – “take what other companies do” – may seem convenient, but it often leads to overpaying for unnecessary coverage or co-financing situations that do not correspond to reality.
Every company has its own team, its own employee habits and budget framework. Health insurance should be based on exactly what employees really need.
How long does it take to compare insurance in Latvia?
Comparing insurance can take a long time and considerable effort if you do not delve into insurance every day. If you have an insurance broker, however, the process is usually faster and the work is mostly removed from you or your employees' workload.
When you work with an insurance broker, they ask you questions, understand your business, find solutions, compare policies from all insurers, and provide you with the facts so that you can make a decision. Some brokers, like ours, even help with the claim process when an incident occurs.
And yes – we continue to support you and your team even after purchasing a policy.
Summary
Prices in 2026 start from ~120 € and can reach 1000 €+, depending on the coverage.
The smart approach is not to look for the cheapest, but the most suitable – so that employees can actually use the insurance.
Tax advantages allow the company to provide a valuable benefit in a financially efficient way.
Comparison is essential – and Perks ensures that this happens with high quality and without disrupting your daily work.
Insurance Brokers | Riga, Latvia
Setting a new standard for insurance brokerages in Latvia, keeping client interests first - always.
+371 26 668 558
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