PhilHealth Contribution: Philippine Health Insurance Corp. (PhilHealth) is said to increase contribution rates this coming 2021. According to the company, the implementation of contribution rate and adjustments in income ceiling is to ensure ‘sufficient funding for the healthcare benefits of its 110 million members as mandated by the Republic Act No. 11223 or the Universal Health Care (UHC) Law.’
“The premium adjustment is provided for in Section 10 of the UHC Law and its implementing rules and regulation, the guidelines of which are contained in Circular 2020-005 published by PhilHealth on March 5, 2020,” announces PhilHealth.
In 2021, the premium rate is to increase 3.50% of the monthly basic salary from the current 3.0%.
This means that those earning Php 10,000 per month shall have a fixed contribution rate of Php 350 per month whilst those earning Php 70,000 per month or higher is set to Php 2,450 per month.
“Contributors of employed members (including Kasambahays) shall be equally shared between employees and employers, while those of self-paying members, professional practitioners and land-based migrant workers and other direct contributors with no employee-employer relationship are computed straight based on their monthly earnings and paid wholly by the member,” adds the state insurer. Read more: Amid COVID-19, PhilHealth contribution rate to increase in 2021, an article by GMA News Online.
