Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013
PhilHealth Circular No. 011-12 outlines the revised premium contribution schedule for formal sector employees and their employers, effective January 1, 2013. Contributions are set at 3% of the employee's basic monthly salary, with a minimum salary base of Php7,000 and a maximum of Php50,000. The monthly premium ranges from Php210 for salaries at or below Php7,000, to Php1,500 for salaries above Php50,000, with both employee and employer sharing the costs equally. Employers must remit contributions by the 10th of the following month and submit a remittance list by the 15th; failure to comply may result in liability for reimbursement of claims and other penalties. All previous inconsistent issuances are repealed or modified accordingly.
Quick Answers
- What is Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013 about?
- PhilHealth Circular No. 011-12 outlines the revised premium contribution schedule for formal sector employees and their employers, effective January 1, 2013. Contributions are set at 3% of the employee's basic monthly salary, with a minimum salary base of Php7,000 and a maximum of Php50,000. The monthly premium ranges from Php210 for salaries at or below Php7,000, to Php1,500 for salaries above Php50,000, with both employee and employer sharing the costs equally. Employers must remit contributions by the 10th of the following month and submit a remittance list by the 15th; failure to comply may result in liability for reimbursement of claims and other penalties. All previous inconsistent issuances are repealed or modified accordingly.
- What type of law is PhilHealth Circular No. 011-12?
- Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013 (PhilHealth Circular No. 011-12) is a Philippine Other Rules and Procedures enacted by the Congress of the Philippines.
- When was Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013 enacted?
- Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013 (PhilHealth Circular No. 011-12) was enacted on Feb 28, 2012.
- What is the citation for Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013?
- Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013, PhilHealth Circular No. 011-12, Feb 28, 2012 (Philippines)
Law Information
- Reference Number
- PhilHealth Circular No. 011-12
- Date Enacted
- Category
- Other Rules and Procedures
- Subcategory
- Philippine Health Insurance Corporation
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 28, 2012
PHILHEALTH CIRCULAR NO. 011-12
| TO | : | Formal Sector Employees, National Government Agencies, Government Owned and Controlled Corporation, Local Government Units, Private Employers, PhilHealth Regional Offices, PhilHealth Branches, and All Others Concerned |
| SUBJECT | : | Premium Contribution Schedule of the Formal Sector Employees and Their Employers Effective 01 January 2013 |
Section II (D) of PhilHealth Circular No. 022, s. 2011 Re: New Premium Contributions to the National Health Insurance Program (NHIP) in support for the attainment of Universal Health Care and Millennium Development Goals (MDGs) health targets by 2015, prescribes that: TEaADS
"Premium contributions from the Formal Sector employees and their employers shall be computed at three percent (3%) of the basic monthly salary of the employee effective 01 January 2013 and shall be continually shared equally by its employer: Provided, That the monthly salary base is determined at Seven Thousand Pesos (Php7,000.00) with the minimum annual contribution of Two Thousand Five Hundred Twenty Pesos (Php2,520.00) and the monthly salary ceiling is determined at Fifty Thousand Pesos (Php50,000.00)."
Hence, effective 01 January 2013 premium contribution schedule for the formal sector employees and their employers is revised as follows:
| Monthly Salary Range | Monthly Premium | Personal Share | Employer Share |
| Rate | |||
| Php7,000.00 and below | 210.00 | 105.00 | 105.00 |
| Php7,000.00 up to Php50,000.00 | 3% | 1.50% | 1.5% |
| Php50,000.00 and above | 1,500.00 | 750.00 | 750.00 |
All employers are hereby reminded that monthly premium contributions should be remitted on or before the 10th day of the month following the applicable month at any PhilHealth Offices or through PhilHealth Accredited Collecting Agents and their branches nationwide. The remittance of premium contribution must be supported by a monthly Employer Remittance List (RF-1) which shall be submitted to nearest PhilHealth Offices not later than the 15th day of the month following the applicable month.
The failure of the employer to remit the required contribution and to submit the required remittance list shall make the employer liable for reimbursement of payment of a properly filed claim in case the concerned employee or his/her qualified dependent/s avail/s of PhilHealth benefits, without prejudice to the imposition of other penalties as provided for in the revised Implementing Rules and Regulations of the National Health Insurance Act of 1995 (Republic Act of 1995 (Republic Act 7875) as amended).
All issuances inconsistent with this Circular are hereby repealed or modified accordingly. ISaCTE
(SGD.) DR. EDUARDO P. BANZONPresident and CEO
Published in The Philippine Daily Inquirer on March 23, 2012.
Cite This Law
Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013, PhilHealth Circular No. 011-12, Feb 28, 2012 (Philippines)
Premium Contribution Schedule of the Formal Sector Employees and their Employers Effective 01 January 2013, PhilHealth Circular No. 011-12 (Phil. 2012)
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