THE Philippine Health Insurance Corp. (PhilHealth) recently announced that all land-based overseas Filipino workers (OFWs) of the premium increase to be implemented in 2014.
For those overseas workers who are paying P900 per year since 2005 when the Medicare functions of the Overseas Workers Welfare Administration was transferred to PhilHealth.
After consultations with several OFW groups, PhilHealth deferred the full implementation of the new rate to provide ample time for OFWs to adjust.
Instead of P2,400, their annual premium was set to P1,200 per year for 2012 and 2013.
Premium payments of P900 were accepted, but the said payment is for nine months only. But the P300 balance shall be collected to complete one year’s worth of protection when they updated their contribution for another one to five years.
All OFWs are reminded to settle the P300 balance to avoid lapses in contribution and a possible suspension of benefit entitlement.