The Philippine Health Insurance Corporation or PhilHealth announced that there will be a .5% increase for member contributions starting 2021. According to the agency, the higher contributions is in line with the Universal Health Care or UHC law.
Previously, the contributions are at 3% and will be increasing to 3.5% in 2021.
“The Philippine Health Insurance Corporation is implementing the scheduled contribution rate and adjustment in income ceiling for 2021 to ensure sufficient funding for the health care benefits of its 110 million members as mandated by Republic Act No. 11223 or the Universal Health Care (UHC) Law,” the agency said in a statement.
For those who are earning Php10,000 and below, their contribution will be at Php350 per month and those earning Php10,000.01 to Php69,999.99 will need to pay between P350 to P2,449.99. Earnings from Php70,000 and above will have a fixed contribution rate of Php2,450.
“PhilHealth fully recognizes the current pandemic situation that is taking its toll on many businesses and livelihood of many Filipinos. However, it is bound to implement the UHC Law which has been the beacon and source of hope for the country that is aiming for better healthcare services even as it battles the Coronavirus Disease 2019,” they added.