THE Philippine Health Insurance Corp. (PhilHealth) has suspended the increase in members’ monthly premiums for the year 2021 in response to the directive of managing the impact of the Covid-19 pandemic. The deferment is an interim arrangement until Senate Bill 1966, seeking suspension of such increase, is passed into a law.
To date, PhilHealth will continue to collect contributions using the three percent premium rate, wherein those with monthly basic salary of P10,000 and below will pay a fixed rate of P300 per month and those with monthly basic of P60,000 and above will pay a fixed rate of P1,800.
Under the Universal Health Care Law and reiterated in PhilHealth Circular 2020-005, effective Jan. 1, 2021, those with monthly basic salary of P10,000 and below will pay a fixed rate of P350 per month while those with monthly basic salary of P70,000 and above will pay a fixed rate of P2,450 per month. Further, the premium rate will be increased to 3.5 percent.
Please be guided accordingly.
P&A Grant Thornton
Certified Public Accountants