About Medical Insurance
About Medical Insurance
World Bank/IMF/OAS/IADB/UN
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About Medical Insurance
Effective October 15, 2009, the US Department of State now requires that ALL G-5 and A-3 domestics be covered by a medical insurance policy that is provided and paid for by the sponsoring staff member. The information below applys to employment situations prior to October 15, 2009.
Effective January 1 2004 World Bank Group staff who sponsor and employ G-5 domestics are required by the World Bank G-4 Code of Conduct to provide their G-5 employee Medical Insurance. This is in addition to the agreed compensation and the policy premiums are the financial responsibility of the G-4 sponsor. The US tax code does not require that these premium amounts be reported as income to the G-5 employee.
The IMF G-4 Code of Conduct refers to the Employment Contract between the G-4 and the G-5 on this issue. The IMF G-5 Employment Contract must state that medical care in the United States can be very expensive. It must also state whether the G-5 will be offered health insurance, and if so the cost to the employee, if any. Medical insurance premiums paid by the G-5 are paid from the net pay (after taxes have been deducted).
The United Nations Code of Conduct states that the employer shall pay the worker's medical insurance and reasonable expenses.
IMPORTANT: We remind staff members that they are responsible to remain in compliance with their respective G-4 Codes of Conduct on this and all terms of their G-5 employment. HomeWork Solutions relies on information supplied by the Sponsoring Organizations and posts this information here at our website as a courtesy.
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