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Best Health Insurance in Panama

6 insurers ranked and reviewed · Updated May 2026

Sources:YourPanama.comPanamaRelocationTours.comKraemerLaw.com

Healthcare System Overview

Panama has a dual healthcare system: the CSS (Caja de Seguro Social) provides public coverage for workers through payroll contributions, while a growing private insurance market serves those wanting faster access. Panama City has become a medical tourism hub with internationally accredited hospitals (Johns Hopkins-affiliated Punta Pacifica, Hospital Nacional). Private premiums range from $50-150/month depending on age, with coverage available to age 79.

#1

ASSA Compania de Seguros

ASSA Compania de Seguros S.A.

private400K members
82Score
YourPanama: Market Leader(2026)
★★★☆☆3.8satisfactionFinancial strength: Grupo ASSA (publicly traded, regional)

Market Position

#1 in Panama

Regional Presence

Costa Rica, Colombia, El Salvador

Product Range

Health, Auto, Property, Surety

  • Panama's largest insurer by market position
  • Multi-line coverage: health, auto, property, surety
  • Regional presence in Costa Rica, Colombia, El Salvador
  • Grupo ASSA publicly traded parent
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#2

Mapfre Panama

Mapfre Panama S.A.

private300K members
80Score
Co-Market Leader in Private Health(2026)
★★★☆☆3.8satisfactionFinancial strength: Mapfre S.A. (S&P: A)

Parent Group

Mapfre S.A. (Spain)

Financial Rating

S&P: A (parent)

Acquisitions

Aseguradora Mundial, Mutual of Omaha clients

  • Part of global Mapfre group from Spain
  • Acquired Mutual of Omaha's Panama clients
  • International standards and processes
  • Wide hospital network coverage
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#3

Family Medical

Family Medical Insurance

private250K members
78Score
Co-Market Leader: Health Specialist(2026)
★★★☆☆3.9satisfaction

Pricing Model

Age-based ($52-146/month)

Max Age

79

Specialty

Health insurance only

  • Health insurance specialist (not multi-line)
  • Clear age-based pricing: $52-146/month
  • Coverage available to age 79
  • Expanded hospital network in 2025
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#4

Pan-American Life Insurance (PALIG)

Pan-American Life Insurance de Panama S.A.

private150K members
72Score
YourPanama: 115+ Year Heritage(2026)
★★★☆☆3.7satisfactionFinancial strength: Pan-American Life Insurance Group (AM Best rated)

Founded

1911 (115+ years)

Parent Group

PALIG (New Orleans, USA)

Languages

English and Spanish

  • Founded 1911 — 115+ year heritage
  • Latin America-focused from inception
  • Combined life and health insurance coverage
  • Bilingual service (English and Spanish)
View DetailsGet Quote→
#5

CSS (Caja de Seguro Social)

Caja de Seguro Social (CSS)

public2.0M members
70Score
National Public Healthcare System(2026)
★★★☆☆3.0satisfactionFinancial strength: Government-backed

Coverage

All formal workers and dependents

Funding

Income-based payroll contributions

Type

Public social security

  • Public universal system for formal workers
  • Mandatory payroll-based contributions
  • Network of public hospitals nationwide
  • Foundation of Panama's healthcare coverage
View DetailsVisit Website→
#6

Seguros SURA Panama

Seguros SURA Panama S.A.

private100K members
70Score
YourPanama: Grupo SURA Regional Brand(2026)
★★★☆☆3.6satisfactionFinancial strength: Grupo SURA (publicly traded, strong)

Parent Group

Grupo SURA (Colombia)

Market Entry

Regional expansion

Product Range

Multi-line

  • Part of Grupo SURA — Latin America's largest financial conglomerate
  • Regional expertise from Colombian healthcare leadership
  • Strong financial backing (publicly traded parent)
  • Multi-line insurance offerings
View DetailsGet Quote→

About Health Insurance in Panama

Panama has a dual healthcare system: the CSS (Caja de Seguro Social) provides public coverage for workers through payroll contributions, while a growing private insurance market serves those wanting faster access. Panama City has become a medical tourism hub with internationally accredited hospitals (Johns Hopkins-affiliated Punta Pacifica, Hospital Nacional). Private premiums range from $50-150/month depending on age, with coverage available to age 79.

Our editorial team has evaluated and ranked the top 6 health insurers in Panama based on editorial ratings from trusted sources, customer satisfaction, financial strength, and coverage quality. Rankings are updated regularly to reflect the latest market changes.

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