Kwara raises health insurance premiums as medical costs surge

The Kwara State Health Insurance Agency, on Friday, announced an upward review of health insurance premiums for enrollees in the state, effective December 1, 2024.

The Executive Secretary of the Agency, Dr Olubunmi Jetawo-Winter, disclosed this while addressing journalists in Ilorin, the Kwara State capital.

She explained that the decision, coming after seven years of the agency’s operation, was taken “to accommodate the rising costs of drugs, consumables, and provider payouts in order to continue providing high-quality healthcare services.”

Jetawo-Winter noted that the number of enrollees in the agency has risen to 70,000 in the last two months, partially due to inflation affecting the population.

“The new rates are as follows: for the informal sector, the premium is N15,500 per person per year (up from N6,000); for the formal sector, N18,000 per person per year (up…

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