Egypt – Comprehensive Health Insurance Law No. 2 for 2018.
Mercans, a leading Egypt payroll outsourcing, PEO/GEO, employee leasing, recruitment and BPO services provider, has published a new Egypt payroll outsourcing alert. Subscribe to Mercans’ Egypt payroll outsourcing alerts to ensure that you are always up-to-date with the latest regulatory changes in Egypt labor and payroll compliance requirements.
With its Comprehensive Health Insurance Law No. 2 for the year 2018, the government of Egypt reformed the public health insurance program by introducing a phased roll-out of the new program starting in 2018. The new program will be rolled out by city, as outlined below.
The enrollment in the program is mandatory for all Egyptian nationals and optional for the Egyptian nationals working or living abroad, as well as for the foreign nationals residing in Egypt.
In accordance with the program, the employee and employer contribution rates are the following:
The total employer contribution is 4% (3% sickness insurance + 1% work injury) of the employee’s Social Insurance contribution base, subject to a monthly minimum contribution EGP 50.
Mercans’ Egypt Payroll Outsourcing Solutions
While Mercans’ Egypt Payroll Outsourcing alerts will allow you to stay on top the latest development in Egypt’s payroll regulations, you should still get in touch with Mercans’ Egypt payroll outsourcing, compliance, PEO/GEO and BPO specialists for a free consultation on setting up fully compliant payroll and HR functions. Better yet, outsource your payroll and HR activities in Egypt to Mercans and our Egypt payroll outsourcing experts will ensure that your employees will always be paid on time and in accordance with the regulations in Egypt.