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Complete Guide to PhilHealth Contribution 2018

Filled under: Career Lifestyle 

Filipinos have been using the services of Philippine Health Insurance Corporation (PhilHealth) as their basic health insurance. It is affordable and serves as the usual means to settle medical expenses for the Filipinos with average to no income. After three (3) years of no corresponding increase in premium contributions, PhilHealth announced its adjustments for the contribution of the employed workers.

New PhilHealth Contribution Table 2018

Starting this January 2018, the premium contributions for the employed sector will increase to 2.75% of a member's basic salary from the previous 2.5%. According to PhilHealth’s Circular No. 2017-0024, the said adjustment is necessary to sufficiently meet the increasing costs that the National Health Insurance Program (NHIP) is shouldering.

As of date, NHIP has been covering the full or partial costs of essential health, social services, and goods available to continue the health development of every Filipino. This includes the health care needs of the underprivileged, indigents, elderly, Persons with Disability (PWD), women and their children.

The change is expected to sustain and enhance the various health care programs which have benefitted the members in the recent years. Furthermore, the health agency aims to introduce new benefit packages to every member-sectors.

In addition to the change in the premium rates, the government health insurance agency has phased out the 28-tier bracketing system. The computation of the monthly premium is now following the new PhilHealth Contribution Table:

The said increase in the premium covers all of the employed members of the Formal Economy, Sea-Based OFWs, Kasambahays, Family Drivers, and all employers in the private and government sectors.

Note that as mandated in Republic Act No. 10361, the premium PhilHealth contributions of a house helper shall be solely shouldered by the household employer. If the salary of the kasambahay is P5,000 or more a month, he or she will be required to pay the personal share.

PhilHealth Contribution: Employed

Here is how to compute the monthly contribution of an employed member.

  • If your salary is P15,000, then you need to find out its 2.75%.
  • P15,000 x 0.0275 = P412.50
  • Your total contribution is P412.50.
  • You have to divide this in two (2) because your employer will shoulder half of the contribution.
  • P412.50/ 2 = P206.25
  • This means you can expect a deduction of P206.25 from your salary for your PhilHealth monthly contribution.

PhilHealth Contribution: Self - Employed

It is vital for the self-employed individuals to pay their PhilHealth premiums. If you are work as a freelance, having an updated PhilHealth account may be bothersome but it will surely be a great help during emergencies. You can pay quarterly, bi-annually, or annually.

  • For those earning P25,000 or below in a month, your premium is P2,400 a year.
  • If your monthly income is more than P25,000, you have to pay P3,600 each year.

RELATED: 5 Financial Questions Before Becoming a Full-Time Freelancer

PhilHealth Contribution: OFW

The contributions of the land-based OFWs remains the same since its last adjustments in 2014. Migrant workers can either pay their premium of P2,400 a year or P1,200 every six months. PhilHealth reminded the OFWs to pay their contributions through the POEA One-Stop Shop Centers, local PhilHealth offices nationwide, or any of the PhilHealth-accredited collecting agents overseas.

Reason For a New PhilHealth Contribution

Health Secretary Francisco Duque III clarified that the said hike of the PhilHealth premium is justifiable since it is only now that the health agency is increasing it. In 2016, PhilHealth benefit payouts have reached ₱101 billion.

It is expected to double the solvency of PhilHealth’s reserve fund. This means that with higher contributions, PhilHealth will have the ability to continue to have better operations for a longer time since there will be more funds to support it. Aside from the higher premium, the national health agency will also receive around P50 billion from the DOH’s 2018 budget.

Conclusion

PhilHealth benefits are handy in times of need.

Though there is a hike in the PhilHealth premium, it is better than draining your finances once you need to settle some medical bills. Only active members are eligible for health-related benefits.

Whether you are employed, self-employed, an OFW or a house helper, you must regularly pay your premiums. Missing your contributions may forfeit your benefits. Even if you are feeling lucky this year, there is no telling the exact future. What if you or your dependent suddenly got confined in a hospital? Re you ready to pay the skyrocketing bills just from your own pockets?

You have to make sure that your PhilHealth benefits are available once you need it. And even if you already have a health card, it is still handy since it has various health programs to cover a myriad of health cases.

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