National Health Insurance (NHI) FAQs

National Health Insurance (NHI) FAQs

• 20 May 2024
• Regulatory Compliance and Legislation
• South African Accounting Academy

This 6-page document contains 28 FAQs, covering:

• About the NHI and why we need it - 6 FAQs
• Who is covered - 3 FAQs
• Costs and financial implications - 5 FAQs
• How it will work - 3 FAQs
• Accreditation - 3 FAQs
• Concerns - 8 FAQs

Click here to download the FAQ document:

https://www.health.gov.za/wp-content/uploads/2023/10/NHI-Frequently-asked-questions-ALL.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

• The NHI Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with.  If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
• All individuals should consider the implications of the new NHI Act, and be aware of latest developments and newsworthy announcements – like this FAQ document.
• This document provides guidance on how the NHI system works, who is covered, etc.

Relevance to Your clients:

• All individuals should consider the implications of the new NHI Act, and be aware of latest developments and newsworthy announcements – like this FAQ document.
• This document provides guidance on how the NHI system works, who is covered, etc.

0 COMMENTS

LEAVE A COMMENT