Manila, Philippines - The Philippine Health Insurance Corporation or PhilHealth will implement new contribution rates.
As prescribed in Section 10 of Republic Act No. 11223 or the Universal Health Care Act, the rates are scheduled to increase from 3.5% to 4%
In accordance with the Universal Health Care Act, Philhealth has issued Advisory No. 2022 - 0010 announcing the scheduled increase for all Direct Contributors.
The increase is set to take effect in the month of June 2022.
To help guide our payroll professionals, here is a sample computation below:
For example, if an employee has a basic salary of PHP 25,000, you may compute with the following formula:
Basic Salary X 4% (0.04) = Premium Rate
Php 25,000 X 0.04 = PHP 1,000
The employee will pay PHP 1,000 per month for his/her premium contribution to PhilHealth.
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