PRMF Contributions Calculator
Calculate your premium for post retirement medical insurance based on age, benefit option, and family size.
Frequently asked questions
Understand your contributions, benefits and life after retirement.
How does the PRMF work?
Members make contributions during employment. These accumulate and are invested in approved assets. At retirement, the funds are used for the sole purpose of purchasing medical insurance.
Typical contributions in PRMF schemes
The contribution amount / rates should be based on a target level of post- retirement medical benefits.
What are the key advantages of a Post-Retirement Medical Fund (PRMF)?
Key advantages of a PRMF include:
- tax incentives or reliefs on qualifying contributions;
- helps members prepare for rising healthcare costs, particularly as medical expenses increase with age; and
- provides structured, pooled savings that can earn investment returns and support financial security in retirement;
What is the process for accessing benefits after retirement, and what options are available to retirees?
After retirement, a member may access their benefits in several ways:
- retain the funds in the medical fund to purchase medical cover from a registered insurer;
- retain the funds to access medical cover provided by the medical fund;
- retain the funds to pay for or reimburse medical expenses as they arise;
- transfer the accrued benefits to a medical cover provider to purchase cover or meet medical expenses; or
- purchase an annuity to finance medical cover premiums.
The benefit plans are dependent on the accumulated contributions with interest.
Given the introduction of SHIF, why should members still consider enrolling in a PRMF, and how does it avoid duplication?
SHIF covers current medical needs, while PRMF is specifically designed to cater for healthcare needs after retirement. SHIF is not intended to cover all healthcare costs throughout an individual’s lifetime, making PRMF an important source of funding for post-retirement medical expenses.
What happens to benefits if a member emigrates, transfers jobs, or dies?
Emigration: A member permanently leaving Kenya with no intention to return may withdraw their full accrued benefits, subject to trustees' approval copied to the Authority
Transfer: A member leaving employment before retirement age can transfer their funds to another post-retirement medical fund or defer access until retirement age
Death: Benefits are paid to the nominated beneficiary or, where no nomination applies, to the person identified by the trustees in accordance with the member’s wishes.
How can members keep track of their PRMF savings?
Members are entitled to annual benefit statements showing the opening balance, contributions made, investment income earned, payments or expenses, and closing balance.