PhilHealth president and chief executive officer Eduardo Banzon said under Circular No. 07, series of 2012, they have amended an earlier issuance that prescribed the new contribution rates for different paying sectors for 2012 and 2013.
“With the deferment of the new premium rate, OFWs need only to pay P1,200 as annual payment for 2012. The new rate of P2,400 per year will take effect Jan. 1, 2013,” Banzon noted.
In recognition of the contributions of OFWs to the country’s economy, they have been paying only P900 in annual premium since 1995 while members from other sectors were charged P1,200 a year.
But under a previous circular, the minimum annual premium for OFWs, individually paying members who belong to the informal sector of the society and indigents, will be P2,400 starting July 1. This is intended to raise funds for the expansion of PhilHealth benefit packages.
Banzon said they took into consideration the global crisis that had resulted in the repatriation of many OFWs.
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