The Philippine Health Insurance Corporation (PHIC) or better known by the mononym PhilHealth has released a new 2021 PhilHealth Contribution Table showing minor changes in the rates of contribution paid by its members.
As shown in the table below, the premium rate will increase starting 2019 to sustain the National Health Insurance Fund, ensuring all Filipinos–including those lacking contributions–will have equal access to benefits.
Thru a circular released by the agency back in 2019, they have announced the changes in the rates of contributions in increments until it reaches 5% in 2025.
Hence, from 3% in 2020, expect the rate to increase to 3.5% of the member’s monthly income in 2021; 4% in 2022; 4.5% in 2023; and 5% in 2024 and 2025. The monthly premium will continue to be shared equally between the employee and the employer.
Update: The scheduled premium hike has been suspended following PhilHealth’s official announcement on January 5, 2021, that there’s an “interim arrangement” put in place allowing the deferment of the said scheduled adjustment. PhilHealth will still stick to the 2020 premium rate of 3% instead of 3.5% until Congress is able to pass a law to make the suspension permanent. Otherwise, it will proceed with the scheduled premium rate as shown in the table above.
With this, we will continue to use 3% as the basis of computation in our succeeding examples.
PhilHealth contribution table in 2021 for employees and employers:
To those employees PhilHealth an income that is considered in between the scale given by PhilHealth, use this formula to compute your contribution:
Employee or employer share = (Monthly basic salary x 0.03) / 2
Here’s a sample computation for an employee with a salary of Php 25,000:
Php 25,000 x 0.03 = Php 750 (Total monthly contribution) / 2 = Php 375 (Employee or employer share)
PhilHealth contribution table in 2021 for voluntary/self-employed or direct contributors.
For example, a voluntary member who earns Php 35,000 a month will pay a monthly premium of Php 1,050 (Php 35,000 x 0.03).
PhilHealth contribution table in 2021 for land-based migrant workers and OFWs.
For example, if you earn $500 a month and convert it to Philippine pesos based on the exchange rate that exists as of this writing ($1 = Php 50.01), you’ll have a monthly basic salary of Php 25,005.00.
Since the ongoing premium rate is 3%, your monthly PhilHealth premium based on your salary is Php 750.15 (Php 25,005 x 0.03). Multiply your monthly premium by 12 and you have total annual contributions of Php 9,001.80.
You don’t have to pay this in full. Instead, you can only pay the required initial payment of Php 2,400 before leaving the country and pay the remaining balance in full after 6 months or by installment in the next two quarters.
PhilHealth contribution table in 2021 for Kasambahays.
You now have a basic understanding of how to compute for your PhilHealth contributions, all you need to make sure is to remit your payments on time to avoid penalties and at the same time, avail of your health benefits when you need them most.
Let this 2021 PhilHealth Contribution Table be your guide to everything you need to know about your PhilHealth payments.