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RMC No. 04-2005: Publishes the full text of PHILHEALTH Circular No. 22, S-2003 dated June 20, 2003 entitled “New Premium Contribution Schedule for the Employed and Sponsored (Indigent) Sectors starting CY 2004.”

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Summary

RMC No. 04-2005 publishes PHILHEALTH Circular No. 22, S-2003 dated June 20, 2003, the new premium contribution schedule for the employed and sponsored (indigent) sectors starting CY 2004.

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Key points

  1. Schedules for the employed sector. New premium contribution schedules are set effective January 2004 and January 2005.
  2. Salary Base changes. Effective January 1, 2004, the minimum Salary Base (SB) rises from P 3,000 to P 4,000 and the maximum SB from P 10,000 to P 15,000. Effective January 1, 2005, the maximum SB for the employed sector rises to P 20,000.
  3. Remittance. Public and private sector employers remit contributions on or before the 10th day of the month following the applicable month. Payment is made at any PhilHealth office or through Accredited Collecting Agents and their branches nationwide.

Who is affected

  • Public and private sector employers
  • Employed sector members

Deadlines and effectivity

  • New minimum and maximum SB: effective January 1, 2004
  • Maximum SB of P 20,000: effective January 1, 2005
  • Remittance: on or before the 10th day of the following month

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

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