PhilHealth reiterates increase for OFW premium payments

The Philippine Health Insurance Corp. (PhilHealth) reiterated it has increased the contribution of overseas Filipino workers to 3.0% of their monthly salary, but opposition to this measure is gaining traction online.

Under PhilHealth Circular 2020-0014 dated April 02, 2020, the agency mandates OFWs whose monthly income ranges from P10,000 to P60,000 to pay 3.0%, an increase from 2.75% in 2019.

“The premium of overseas Filipinos shall be computed based on their monthly income, to be paid in Philippine Peso equivalent, in accordance with the terms of payment and corresponding due dates as prescribed by the corporation,” the circular read.

2020 is considered as a transition year, with a P2,400 initial payment prescribed which can be paid in full or in quarterly payments under a settlement period of one year.

The circular also states that from January 1, 2020, the minimum acceptable initial payment is a three-month premium, based on the prescribed rate at the time of payment.

“A member who fails to pay the premium after the due date set by the Corporation shall be required to pay all missed contributions with monthly compounded interest,” it stated.

About the author

hamaliel14

This is my Personal Blog Thank you for visiting my site!

Pinoy Wonder give you information and inspiration…

Welcome to my Blog.. keep browsing ang enjoy!!!

View all posts

3 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *