Beginning June 2022, Filipinos will be required to pay a much higher PhilHealth contribution, according to the statement released by the Philippine Health Insurance Corporation (PhilHealth).
The rate hike, as well as the income ceiling, will once again be implemented according to a directive from the Malacanang. This was supposedly effective starting January 2022 but it was postponed for a couple of months. There will be an income ceiling of P80,000 and the contribution rate is now 4%.
“The collection systems are already set for the new rate and ceiling starting with payments and remittances for the applicable month of June 2022, while differential payments for January to May 2022 may be paid until December 2022 without interest,” says PhilHealth.
According to the Universal Health Care law, there will be a gradual increase in premium rate from 2.75% in 2019 to 5% by 2024 and 2025. However, there was no increase in the premium contribution in 2021 because of the COVID-19 pandemic.
“PhilHealth assures all members that legislated contribution schedule will continue to provide all Filipinos with adequate financial protection against hospitalization costs,” says PhilHealth.
It can be recalled that PhilHealth has been involved in corruption for about P15 billion pocketed by their executives. Meanwhile, PhilHealth denied these allegations and was firm with its stand that there were no missing funds.