PhilHealth requires registered enterprise or business owners/employers to complete specific payments and reporting procedures when handling their employees’ PhilHealth contributions, this article explains these procedures so that employers can avoid incurring legal consequences and interest penalties.
PhilHealth requires registered enterprise or business owners/employers to complete specific payments and reporting procedures when handling their employees’ PhilHealth contributions. Following these processes is essential because failure to do so will remove PhilHealth’s benefits and incur severe consequences like an interest penalty. To help streamline the process, we have listed down the three PhilHealth procedures employers must complete.
Employers must first deduct the monthly premium corresponding to the employee’s share from the employee’s basic monthly salary. The latest version of the PhilHealth Premium Contribution Table can be accessed on PhilHealth’s main website right HERE.
Afterwards, employers will have to remit the employee’s premium contribution, together with the employers’ share, to any of the Accredited Collecting Agents (which can be found HERE) Nationwide on or before the due date. PhilHealth suggests that employers refer to the Payment Schedule Below to understand this procedure better:
PhilHealth states that all employers must utilize the Electronic Premium Remittance System (EPRS) application when paying for the premiums and preparing and submitting remittance reports.
EPRS is a web-based application created to give access to employee information through the employer's PhilHealth Employer Engagement Representatives (PEERS). It contains security features that will ensure the confidentiality of both the employee and employer’s information.
PhilHealth then clarified that the E-Pay Services of the following banks are available for the employers to facilitate the payment and reporting of the employee’s premium contributions, these establishments are The Bank of the Philippine Islands, Citibank, Union Bank, Security Bank Development Bank of the Philippines, Asia United Bank, China Banking Corporation, CTBC Bank (Philippines) Corporation, Philippine National Bank, East West Banking Corporation, RCBC Savings Bank, Philippine Veterans Bank and Metropolitan Trust & Bank Company.