Law Summary
I. Legal Basis
- Legal Provision: This Circular is issued pursuant to Section 18 of the Implementing Rules and Regulations of the National Health Insurance Act of 2013.
- Objective: To revise the payment schedule for the monthly premium contributions of employed members.
II. Revised Payment Schedule
- Effective Date: The new payment schedule applies starting March 2014.
- Payment Deadlines:
- Employers with PENs ending in 0 or 4: Payment due on the 10th day of the month following the applicable period.
- Employers with PENs ending in 5 or 9: Payment due on the 11th to 15th day of the month following the applicable period.
- Employers with PENs ending in 6 or 8: Payment due on the 16th to 20th day of the month following the applicable period.
III. Submission of Reports
- Timeline for Submission: Reports must be submitted within five (5) days after the payment is made.
- Considerations for Holidays: If the due date falls on a weekend or holiday, both payment and report submission should occur on the next working day.
IV. Penalties for Non-compliance
- Consequences of Late Remittance: Failure to remit the appropriate contributions will incur interest and penalties as prescribed by the Corporation.
- Additional Liabilities: Non-compliance is subject to other applicable penalties under relevant laws.
V. Repeal of Previous Provisions
- Amendment of Prior Issuances: Any previous issuances inconsistent with this Circular are hereby repealed and/or amended accordingly.
VI. Implementation and Publication
- Effectivity: This Circular will take effect fifteen (15) days after its publication in the Official Gazette or a newspaper of general circulation and subsequent deposit with the National Administrative Register at the University of the Philippines, Law Center.
Key Takeaways
- The Circular revises the payment schedule for premium contributions of employed members effective March 2014.
- Employers must adhere to new deadlines based on their PENs, with specific timelines outlined for payment and report submissions.
- Non-compliance with contribution remittance will result in penalties.
- The Circular will take effect after appropriate publication and deposit as required by law.