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PenCom Raises Free Health Insurance Cap to ₦150,000

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Ms Omolola Oloworaran, Director General, National Pension Commission (PenCom)
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BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission has adjusted the financial threshold for its flagship medical assistance scheme, granting entry to senior citizens receiving monthly distributions of up to ₦150,000. This policy shift drastically widens the scope of the initial project, which previously locked out individuals earning above ₦70,000 per month.

The commission’s director-general, Omolola Oloworaran, announced the modification following a major industry leadership assembly in the capital city. She stated that altering the entry ceiling is a strategic push to amass the robust dataset required to properly evaluate the framework’s operational strength before full implementation.

The welfare project is engineered to accommodate 30,000 participants, but administrative records show that only about 13,000 individuals have registered so far. This substantial gap made it necessary for the National Pension Commission to open the doors wider to achieve a meaningful evaluation.

Under the updated guidelines, qualifying aging citizens who fall within the new income bracket can secure complementary clinical coverage throughout this trial window. Beneficiaries will have direct access to these medical services without incurring out-of-pocket expenses.

The administration clarified that the current financial benchmark is merely a transitional setup meant to accelerate enrollment. The threshold will face strict scrutiny and potential adjustment once the data from this trial phase undergoes a comprehensive performance review.

Looking forward, the National Pension Commission plans to transition this trial into a permanent, three-tier healthcare strategy tailored to different economic classes. The upcoming model will feature a fully subsidized tier for lower-earning seniors, a shared-cost option for middle-income recipients, and a competitive premium structure for individuals with stronger post-retirement revenues.

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