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PhilHealth Contribution Increase Awaits Malacañang Approval

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PhilHealth Contribution Increase Awaits Malacañang Approval

PhilHealth Contribution Increase Awaits Malacañang Approval

PhilHealth Contribution Increase Aims More Health Benefits for Members

PHILHEALTH CONTRIBUTION INCREASE – The Philippine Health Insurance Corporation awaits the approval of Malacañang on the raise.

In the Philippines, millions of Filipinos rely to the Philippine Health Insurance Corporation, more popularly called PhilHealth, for their health insurance. Truth be told that although the coverage may not be as big as those of the private insurance policies, this one is the most affordable most especially for the low-income individuals.

Photo Credit: Philippine Star

The member populace of PhilHealth is composed of Filipinos coming from different fields. There are locally-employed individuals, self-employed individuals, overseas Filipino workers (OFWs), and those who applied for a voluntary membership to the health insurance entity.

A PhilHealth membership is mandated among the government employees. Many private companies and businesses in the country also require their workers to maintain an active account to the health insurance institution.

Photo Credit: Yahoo News Canada

Most often, the payment of the PhilHealth contribution of employees are under a payroll deduction. It is directly remitted by the company or employer to the state-run health insurance institution.

Currently, the PhilHealth member contribution is targetted to reach 5% this year. As of this writing, the state-run health insurance institution still awaits the approval of Malacañang regarding the target increase on the premiums of the members.

PhilHealth offers both inpatient and outpatient coverage. Not only the members but as well as the PhilHealth beneficiaries of members may avail the coverage but the health insurance institution has set a separate coverage shared by all dependents of every member.

It is important to keep monitoring the updates regarding the PhilHealth contribution. It is one way to ensure that your account is eligible to attend to medical situations most especially emergencies.

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