PhilHealth reimposes two percent penalty for delinquent payments
CEBU, Philippines - The Philippine Health Insurance Corporation, pursuant to Circular 04-2013 re-imposes the two percent monthly interest on delinquent payments that it implemented when it took over the administration of what was then Medicare for the employed sector.
PhilHealth relaxed the implementation of the two-percent interest in 2002 when it issued Circular 15 on the settlement of arrears by delinquent, under-remitting and non-remitting employers.
According to PhilHealth, the PhilHealth Board, through Resolution 1669-2012, reiterated the Corporation's authority to impose interest on delayed and non-remittance of employees' premiums.
The PhilHealth contribution of employees must be remitted on or before the tenth calendar day following the month for which it is due and applicable.
The penalty interest applies to all employers with arrears, including those of sea-based overseas Filipino workers and household helps. Arrears must be settled at the PhilHealth office that manages the account of each employer. —/BRP (FREEMAN)
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