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TRANSITION FROM NHIF TO SHIF
TRANSITION FROM NHIF TO SHIF
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Description
Transition from NHIF to SHA/SHIF in Kenya: What You Need to Know
Overview
Starting October 1, 2024, Kenya has transitioned from the National Hospital Insurance Fund (NHIF) to the Social Health Insurance Fund (SHIF), introducing new contribution rates and regulatory requirements for both employers and employees.
Contribution Rates:
- Formal Sector: Employees will contribute 2.75% of their monthly salary.
- Informal Sector: A fixed monthly amount will be paid.
Eligibility for SHIF:
- Must be a Kenyan citizen.
- Aged over 18.
- Possess a valid national ID or passport.
Member Categories:
- Principal Member: Main income earner.
- Dependents: Spouse and children covered under the principal member's account.
Requirements:
- National ID card.
- Colored passport-sized photo.
- Proof of income (e.g., pay slip, bank statement, KRA pin certificate).
Key Changes for Employers:
- Mandatory Registration: Employers must register employees with SHIF by October 1, 2024.
- Filing and Remittance: Contributions must be filed and remitted by the 9th of the following month to avoid penalties.
Digital Transformation:
- Digitized Platform: A new system for managing contributions and claims will enhance transparency and compliance.
- Data Privacy: Focus on securing personal information to prevent fraud.
EKV Group offers assistance to businesses and individuals in navigating SHIF regulations and ensuring compliance with healthcare contributions. Contact us for expert guidance in adapting to these changes.
What People Say
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EKV has been a huge help to our business since we have worked with them for over 10 Years. They are a really friendly and professional team and are always quick to respond. They take the stress out of our accounting needs.
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