Abacus Wealth Management

New NHIF Tariff Takes Effect in June

The National Hospital Insurance Fund (NHIF) will effect its new tariffs beginning of June.  The announcement by NHIF comes after a bid by The Central Organization of Trade Unions to block the proposal from taking effect was defeated.

The new rates which were projected to start May, will now take effect a month later to give employees time to understand the arrangement.

Gross Income          Monthly Contribution

5,999 and below                150.00
6,000 – 7,999                     300.00
8,000 – 11,999                   400.00
12,000 – 14,999                500.00
15,000 – 19,999                600.00
20,000 – 24,999               750.00
25,000 – 29,999               850.00
30,000 – 49,999               1,000.00
50,000 – 99,999               1,500.00
Over 100,000                    2,000.00
Self Employed 500.00
Indigents (Voluntary)      300.00

The new NHIF contribution format will enable all contributors to access comprehensive inpatient and outpatient services regardless of the contribution made. The current NHIF scheme takes care of outpatient needs only.

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