health insurance fund of north macedonia health insurance fund of north macedonia the health insurance fund of the republic of north macedonia (macedonian: фонд за здравствено осигурување на република северна македонија (фзорсм), fond za zdravstveno osiguruvanje na republika severna makedonija) is a macedonian institution which performs as the only state insurance organisation in north macedonia. health insurance fund of the republic of north macedoniaфонд за здравствено осигурување на република северна македонијаthe fund's logoagency overviewformed17 october 2000jurisdictiongovernment of the republic of north macedoniaheadquartersskopje, north macedoniaagency executivedan doncevparent agencyministry of healthwebsitefzo.org.mk it is largely funded through payroll contributions, with some help from the pension fund, the unemployment fund and general government revenue.