Effective January 2024, the PhilHealth monthly contribution will increase (again). The lowest combined (employer-employee) contribution amount will be Php500, while the ceiling contribution is Php5000.
"bookkeeping-accounting-taxes" by Firmbee is licensed under CC0 |
This increase will continue until 2025 at a rate of 0.50% per year. Meaning, by 2025, the PhilHealth premium rate will be 5%. And in 2026, we are at the mercy of our government if they will increase it again or not.
Read the article New PhilHealth Contribution Table Effective 2020 to learn more.
PhilHealth Contribution Calculator for 2024-2025
Instruction: Do not add a comma when inputting values. For example, you need to enter 1700 instead of 1,700 to calculate the values correctly.
Formula: | |
(Monthly Basic Salary x Contribution Percentage) divided by 2 |
Your Contribution | Your Employer's Contribution | Total |
Your Yearly Contribution | ||
Combined Yearly Contribution |
Closing Thoughts
For example, if your monthly salary is Php30,000, your monthly PhilHealth contribution based on the new premium rate is Php750.00. There is a Php75.00 increase compared to last year's premium rate of Php675.00.
Use the PhilHealth Contribution Calculator for 2022 for comparison.
Pag-IBIG also implemented an increase. Go to Pag-IBIG Contribution Calculator for Employees and Employers 2024 to know how much you will be paying for this year.
Quote