New PhilHealth Premium Contributions For 2018

new-philhealth-contributions

The Philippine Health Insurance Corporation or PhilHealth released a circular No. 2017-0024 last November announcing an increase in premium contributions for PhilHealth members.

According to the PhilHealth’s circular No. 2017-0024, the adjustment was necessary in order to keep up with the rising costs of the subsidy shouldered by the National Health Insurance Program (NHIP), a program established by Philippine government that aims to alleviate health care costs among Filipinos.

PhilHealth also explained in the circular that the adjustment was necessary to increase the service quality standards and sustain their enhancement programs that have been introduced in recent years. read more

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How to Get a PhilHealth ID

philhealth-insurance-ID

Members must have provided their Member Data Record (MDR) or PhilHealth ID Before claiming any PhilHealth benefits. Most of the time, PhilHealth members overlooked the ID even though it’s free.

Is it worth it to have a PhilHealth ID? Yes, it’s a valid government ID.

You can use it for pre-employment requirements or commercial services requirements that require proof of identity like banks, money transfers, telecoms etc…

Make sure to be a PhilHealth Member first before applying for PhilHealth ID. read more

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How to Compute SSS Monthly Pension

sss-benefits-computation

The significant reason to have an SSS Monthly Pension is once you retire, you can enjoy the retirement benefits as long as you have completed the 120 monthly premium contributions.

You have two ways to avail the retirement benefits from SSS either through monthly pension or lump sum amount.

An SSS member can only avail the SSS monthly pension when he/she has paid the required monthly premiums before the time of retirement.

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3 ways how the monthly pension is computed:

Using Formula 1  ₱300 + 20% of the average monthly salary credit + 2% of the average monthly salary credit for each “Credited Year of Service” exceeding to 10 years read more

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How to Apply for BPI OFW Loan

BPI-loan-for-ofw

BPI OFW Loan is one of the banks and other government agencies offer OFW loan in the Philippines, you may check my other article here about “Lowest interest OFW loan in the Philippines”.

There are different types of BPI OFW loan that cater the various needs of OFWs including personal, car, house, and business loan. There are specific terms and conditions for each loan that fit the needs of the OFWs or their families.

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Qualifications for BPI OFW Loan:

To be qualified for BPI OFW loans, OFWs must have complete and proper work documents to be presented with BPI. If qualified, OFWs currently working abroad can apply for loan for their personal use or for their families. read more

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Lowest Interest OFW Loans In The Philippines

Low-interest-loan-philippines

OFW loan is so relevant for our modern day heroes (mga bagong bayani), individual pinoy worker experienced poor working conditions include long hours, low wages and few chances to visit family.

Remittances from OFWs serve as the lifeblood of their families and plays big part to the Philippine economy.

Most of us think they don’t come across any financial crunches. They’re like us working locally, regardless of their monthly income, they also have financial needs.

To help the OFWs, we have loan services exclusive for OFWs. read more

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