Entrepreneurship and OSMS: essential insights on contributions and advantages
In a recent report by Vechernyaya Astana, the Social Medical Insurance Fund (SMIF) has outlined new guidelines for compulsory social medical insurance (CSM) contributions for individual entrepreneurs in 2025. These guidelines, effective from July 1, 2025, aim to ensure access to quality medical care for all.
According to the SMIF's official representative, Zhibra Orazaliyeva, the mandatory payment of CSM contributions serves as a guarantee for quality medical care. The contributions can be made through banks, mobile applications, JSC "Kazpost" counters using codes 122 and 121.
Individual entrepreneurs have the flexibility to choose a monthly salary for contribution within a specified range, which can be between the minimum reference salary and a maximum of 20 times this reference salary. After contributing for at least 12 months, participants may change the chosen salary level. The total contribution rate remains at 29.5% of the monthly salary chosen as the basis for contribution.
Not all entrepreneurs are required to make CSM contributions. Exemptions include entrepreneurs with suspended activities, disabled persons, pensioners, mothers of many children with awards, and full-time students. If an entrepreneur hires employees, additional contributions must be paid: 3% by the employer and 2% by the employees.
Contributions for hired employees are based on their income, but not more than 25,500 tenge for the employer and 17,000 tenge for the employees. Failure to pay CSM contributions on time may result in loss of status and access to quality medical care. Late payments lead to debt, penalties, and loss of status in the CSM system.
If an entrepreneur is also employed, they pay contributions as both an entrepreneur and an employee. Women on maternity leave with an active business must pay CSM contributions if they have not suspended their activities. If an entrepreneur closes their business, they can maintain their insurance status by paying contributions themselves or through an employer.
It is crucial to enter the correct details, such as IIN, full name, and amount, when making payments. CSM covers services in both public and private institutions. It is impossible to refuse to pay CSM contributions, even if the entrepreneur is treated in private clinics.
The SMIF provides information on how to pay CSM contributions correctly and conveniently. For more detailed information, entrepreneurs are encouraged to visit the SMIF's official website or contact their local office.
1) In line with the new guidelines from the Social Medical Insurance Fund (SMIF), individual entrepreneurs can manage their personal-finance by making contributions towards compulsory social medical insurance (CSM) through banks, mobile applications, JSC "Kazpost" counters using codes 122 and 121.
2) As the SMIF emphasizes, the finance aspect of running a business is significant, and the mandatory payment of CSM contributions serves as a crucial step towards securing quality medical care for individual entrepreneurs, ensuring access to essential services in both public and private institutions.
