Saturday, May 12, 2012

PhilHealth Hikes Premium Starting July 1


Higher premiums for individual members of the Philippine Health Insurance Corp. (PhilHealth) will take effect on July 1.


PhilHealth president and chief executive officer Eduardo Banzon said the premium of members under the individually paying program (IPP) will increase from P1,200 to P2,400 per year.

Banzon said the move is aimed at enhancing the “financial risk protection” of PhilHealth members in line with the universal health care thrust of the Aquino administration.

“To efficiently implement product improvements and sustain the provision of National Health Insurance Program benefit packages, increasing investment in health care through the adjustment of current premium contribution rates for all members is essential,” he added.

The adjustment was provided for in Philhealth Board Resolution No. 1572 that was issued last year.

IPP members pertain to self-employed individuals; those who have been previously employed and are currently without means of income; employees of international organizations and foreign governments based in the Philippines that do not have prior agreement with PhilHealth for the coverage of their Filipino employees; and unemployed individuals who are not qualified as indigents.

Continue reading at Philippine Star