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NHIF Hikes Monthly Contributions in New Proposed Changes

17Feb

By Nasra HusseinNo Comments

Business, local news

NHIF Hikes Monthly Contributions in New Proposed Changes

The National Hospital Insurance Fund has increased the monthly contributions for Kenyans earning more than Ksh100,000 in their latest proposed changes. According to new regulations published by NHIF on Wednesday, February 16, those earning more than Ksh100,000 will have to pay 1.7 percent of their gross salary. This is in contrast to the current policy whereby they pay a fixed monthly contribution of Ksh1,700. The monthly contributions for informal workers are still capped at Ksh500. The regulations will be implemented if Parliament approves the changes. Those earning Ksh200,000 will have to part with Ksh3,400- up from the current Ksh1,700 indicating a double increment. In addition, Kenyans earning Ksh500,000 will pay five-fold (Ksh8,500 from the curr...

NHIF to cut benefits in cost saving plan

Renal dialysis, major surgeries and diagnostics tests such as MRI and CT-scans top the list of benefits that the National Hospital Insurance Fund (NHIF) aims to cut in a drive to reduce payouts. The State-backed insurer’s cost-cutting drive will reduce payouts to hospitals by at least Sh2.9 billion in the year to June 2022, forcing thousands of beneficiaries to top-up for their medical bills. The maximum cover for MRI scan will be reduced to Sh9,600 from the current Sh15,000 per session while settlement of CT-scans is set to be capped at Sh6,000 from Sh8,000. The average payout for renal dialysis will fall to Sh6,000 from the current Sh9,500 if the proposals are approved, hurting Kidney patients as the NHIF seeks to reduce bills for the weekly procedure by Sh1 billion annuall...

NHIF is broke and it may not meet it’s Obligations.

The National Health Insurance Fund is broke and may not meet its obligations if the negative financial performance is not dealt with. A new report by Auditor General Nancy Gathungu shows the national health insurer has a funding gap of over Sh3.6 billion. The fund’s performance has dropped compared with the financial year 2017-18 when it earned an extra Sh295 million. “The fund’s performance is on a downward trend and if strategies are not in place to reverse the trend, the fund is likely to experience financial difficulties in future,” Gathungu warned. The deficit resulted in a reduction of the fund’s earnings from Sh23 billion it posted in the year ending June 2018 to Sh19 billion in the year ending June 30, 2019. NHIF’s performance has been a cause of concern for man...