PhilHealth eyes P205B collection in 2022 with premium hike

Philippine Health Insurance Corp. (PhilHealth) is targeting to collect P205 billion in 2022 with the increase in monthly premium contribution from 3% to 4%.

Interviewed on GMA News' Unang Balita, PhilHealth Corporate Communication Department senior manager Rey Baleña said the added contribution will sustain the benefits for members.

“Kung atin pong itutuloy itong 4% na ito at 80,000 per month ay nakatalaga tayong makakolekta ng kabuuang P205 billion sa taong ito,” he said.

(If we push through with this 4% contribution at P80,000 per month, we will have P205 total collection this year.)

Baleña said a projected amount of P185 billion of the total collection will go to benefit payout this year.

“Kung ibabawas natin yung ating projected benefit payout sa taong ito na P185 billion, ay meron tayo na malaki pa na surplus at yan ay magbibigay kumpiyansa sa mga kababayan natin magpapatuloy yung ating benepisyo sa pangmatagalan,” he added.

(If we will deduct the projected benefit payout for this year which is P185 billion, we will have a huge surplus and that will give confidence to the public.)

PhilHealth earlier advised that the monthly premium contribution has been increased to 4% for 2022 as provided by the Universal Health Care (UHC) Law.

The increase is retroactively effective in January 2022 and will be collected starting June.

The 4% premium rate means that those earning P10,000 and below would have to pay P400.00 monthly contribution to PhilHealth.

Those earning over P10,000 but lower than P80,000 need to pay a higher monthly premium ranging between P400 and P3,200 while those earning over P80,000 would have to pay a flat rate of P3,200. —KBK, GMA News