In response to the recently enacted Universal Health Care Act of 2019, the Philippine Health Insurance Corporation (PhilHealth) has released a new contribution schedule that will take effect on 07 December 2019.
More information about this announcement can be found by clicking this link.
According to PhilHealth, the new contribution schedule aims to ensure the sustainability of the National Health Insurance Fund, which will be the main source of funding for the Universal Health Care program of the government.
Sprout remains fully compliant with Philippine regulations. Our payroll software, Sprout Payroll, is currently being updated with the new premium rates set by PhilHealth. Clients using Sprout Payroll may refer to this Help Center article for more information on how to set up these adjustments.
The post Updated PhilHealth Contribution Schedule for 2020 appeared first on Sprout.
source https://sprout.ph/blog/updated-philhealth-contribution-schedule-2020/
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