The Philippine Health Insurance Corporation (PhilHealth) announced they will not raise premium rates or income ceilings in 2023, following President Marcos Jr.’s directive. This means members will continue paying 4% of their income, with a maximum contribution of P80,000. Check detail PhilHealth Premium Contribution Rate Approval 2024 here on this page below.
PhilHealth Contribution 2024 Effective Date
The effective date for the revised PhilHealth contribution rate in the Philippines for 2024 was January 1, 2024. This means the new contribution rates (5% total, split equally between employee and employer) have been in effect since the beginning of the year.
Here’s a summary of the changes:
- Previous rate: 4% (2% each for employee and employer)
- New rate: 5% (2.5% each for employee and employer)
- Effective date: January 1, 2024
- Maximum monthly income ceiling: Increased from P80,000 to P100,000
In a statement, PhilHealth emphasized their commitment to financial stability despite the suspension. They assured members that current benefits will remain unchanged. This move prioritizes affordability during challenging economic times. Also Check: TIN Verification Slip 2024
Key points:
- No increase in premium rate from 4% to 4.5%
- No increase in income ceiling from P80,000 to P90,000
- Current benefits remain available
- Financial stability of PhilHealth is assured
This decision brings relief to Filipinos facing financial hardships. PhilHealth’s commitment to transparency and responsible management is crucial for ensuring continued access to quality healthcare for all.