The Philippine Health Insurance Corp. is extending until September 30 the implementation of the premium increase of the Individually Paying Members whose gross monthly income is below P25,000, a government press release said.
The premium discount is provided to those who opt to pay for two consecutive years at an annual rate of P1,200, provided, they pay before October 1, 2012. This payment scheme also allows members to pay at least one premium rate and the second year contribution shall be settled at least 25 percent, 50 percent or its equivalent annual premium contribution.
The increase of the annual premium contribution at P2,400 is to ensure greater efficiency in the delivery of quality health care services, consistent with the thrust of the national government for Kalusugang Pangkalahatan, the press release said.
The constant availment of PhilHealth benefits shall be given to those who have intended to avail of a two-year lock-in period at an annual rate of P1,200, provided, they pay before July 1, it added.
Members who are financially constrained are also given the leniency to pay at least 25 percent, 50 percent or equivalent annual premium contribution.
The remaining balance of premium contribution will be settled in a quarterly, semi-annual or annual basis or as agreed upon in the Individual Policy Contract, the press release said. IPC is a joint agreement between PhilHealth and its members which guarantees the availment of benefits to the latter and their dependents for the provision of continuous health care protection within the validity period. Upon implementation of this, PhilHealth provides a special provision for those ensured to lock-in to the current annual premium of P1,200 prior to July 1, 2012 provided, they pay in advance the first premium requirement equivalent to the P1,200 with the balance to be settled on a quarterly, semi-annual or annual basis as agreed on the IPC. On the other hand, IPP members who pay their premium contribution starting July 1 will sign an IPC at P2,400 per annum. Payment of full premium contribution is encouraged to ensure nonstop availment of PhilHealth benefits, the press release said.*