The Board of Directors of the Philippine Health Insurance Corporation (PhilHealth) held a meeting on January 4, 2023 and affirmed that PhilHealth will suspend the premium rate increase from 4.0% to 4.5% and the increase of the income ceiling from P80,000 to P90,000 in CY 2023, in accordance with a directive from the President of the Philippines.
The premium rate for CY 2023 remains at 4% with an income ceiling of P80,000, and a separate Advisory will be issued to provide guidelines for implementing the said directive, particularly for the direct contributors.
In addition, the new benefit packages for roll-out, scheduled to be sourced from the premium increase, shall be implemented as planned. These include the Outpatient Therapeutic Care for Severe Acute Malnutrition, the Outpatient Package for Mental Health, and the Comprehensive Outpatient Benefit, among others.
The current benefits being enjoyed by the members will not be affected by the suspension. Also, PhilHealth’s financial standing remains strong, and the Management is confident that, PhilHealth is more than able to meet its financial obligations despite the suspension of increase in premium rates.
