Define NHIP
Contributions Salary Brackets
Effective July 1, 1999, the Medicare
contributions (MC) previously administered by the Social Security System (SSS)
have been replaced by NHIP contributions under the Philippine Health Insurance
Corporation (PhilHealth).
In this step, you:
- Delimit the Medicare contribution brackets
(contribution type MC) to June 30, 1999 only.
- Set up the PhilHealth contribution brackets
(contribution type HI) starting July 1, 1999, based on the NHIP Monthly
Contribution Schedule.
Example
| CT |
Brkt |
Max sal |
|
|
Sal cred |
ER cont |
|
EE cont |
| HI |
1 |
|
1,249.99 |
|
|
1,000.00 |
12.50 |
|
12.50 |
| HI |
2 |
|
1,749.99 |
|
|
1,500.00 |
18.75 |
|
18.75 |
| HI |
3 |
|
2,249.99 |
|
|
2,000.00 |
25.00 |
|
25.00 |
| HI |
4 |
|
2,749.99 |
|
|
2,500.00 |
31.25 |
|
31.25 |
| HI |
5 |
|
9999999.99 |
|
3,000.00 |
37.50 |
|
37.50 |
Standard
Settings
The standard system contains salary brackets
and NHIP contributions provided by PhilHealth and valid at the time of
creation. These figures have been set up as default values.
If PhilHealth changes the salary brackets, you
must ensure compliance by modifying the default values accordingly.
Activities
1. Check that
all salary brackets of contribution type MC (Medicare) are delimited with an
end date of June 30, 1999.
2. Check that
all salary brackets of contribution type HI (PhilHealth) have a start date of
July 1, 1999.
3. Ensure that
the NHIP (HI) salary brackets set up in the system comply with the current
figures issued by PhilHealth.
4. If you need
to make changes, delimit the validity dates of the existing record and create
a new record.