The Philippine Health Insurance Corp. (PhilHealth) released Advisory 2022-0010 last May 11, 2022 to inform the public of the adjusted premium rate for PhilHealth members for CY 2022. Based on Republic Act 11223 or the Universal Health Care Act, the premium rates should increase by 0.5 percent annually which started last 2019.
With the release of the recent advisory, the premium rate for CY 2022 is now at four percent for those with an income floor of P10,000 and an income ceiling of P80,000. Below is the detailed contribution schedule for CY 2022:
Furthermore, this adjusted premium rate shall be implemented effective January 2022. However, it shall take effect in the Electronic Premium Remittance System and the PhilHealth Member Portal only in June 2022. Consequently, members and employers who have already remitted their contributions for the periods prior to June 2022 at a three percent rate are advised to generate the corresponding Statement of Premium Account in order to settle the 1 percent differential in remittances until Dec. 31, 2022.
P&A Grant Thornton
Certified Public Accountants
May 24, 2022
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