Health maintenance organization (HMO) Carehealth Plus Systems International has been placed under conservatorship by the Insurance Commission (IC) due to complaints of inability to provide claims. The IC said in a statement Monday, April 8 that Carehealth will be put under conservatorship to...
In light of the ongoing El Niño phenomenon, the Department of Budget and Management (DBM) has provided P900 million to cover crop insurance premiums for farmers and fisherfolk in the country. Budget Secretary Mina F. Pangandaman announced on Sunday, April 7, that the funding has been released to...
The Philippine Health Insurance Corporation (PhilHealth) announced that the PhilHealth Member Portal can now be accessed through the eGovPH Super App for “hassle-free” and “accessible” information. PhilHealth PhilHealth said it collaborated with the Department of Information and...
The Government Service Insurance System (GSIS) has improved its financial benefits for its members and pensioners, propelled by robust financial growth last year. Wick Veloso, GSIS president and general manager, said the pension fund is giving back the financial success to its members and...
Malayan Insurance Co. Inc., the country’s leading non-life insurance company and a member of the Yuchengco Group, has teamed up with Atradius to offer trade credit insurance to local and international commercial businesses. During a media briefing, Malayan Insurance President Paolo Y. Abaya said...
The Philippine Stock Exchange (PSE) has given the greenlight for the listing of the P1.45 billion worth of shares subscription that state-run Government Service Insurance System (GSIS) had exercised for the 100 million preferred shares of renewable energy firm Alternergy Holdings Corporation. The...
Financial woes of health maintenance organizations (HMOs) in the country deepened last year amid surging benefits and claims, the Insurance Commission (IC) reported. According to the IC, the HMO industry reported a net loss of P4.27 billion over the period of January to December 2023, nearly...
Government Service Insurance System (GSIS) borrowers who have an e-wallet account in Maya can now easily make loan payments. In a statement, Wick Veloso, GSIS president and general manager, said that Maya, formerly PayMaya, is now one of the online payment options within the mobile app, GSIS Touch....
The Philippine Health Insurance Corporation (PhilHealth) said they can now entertain round-the-clock calls at its new hotline (02) 8662-2588 and mobile numbers 0998-8572957, 0968-8654670, 0917-1275987 and 0917-1109812. PhilHealth PhilHealth said the contact numbers are all available “24...
The Philippine Health Insurance Corporation (PhilHealth) approved an increase in the capitation rate for its “Konsulta” program to P1,700 per patient per year, the Department of Health (DOH) confirmed in a statement on Thursday, March 14. Photo from PhilHealth The PhilHealth board also approved...
The Insurance Commission (IC) announced that car owners can now claim twice the benefits in their mandatory motor insurance without any increase in premiums. In a statement on Tuesday, March 12, IC said that the regulator has updated the compulsory motor vehicle liability insurance (CMVLI) scheme...
Department of Health (DOH) Secretary Teodoro Herbosa on Tuesday, March 12 issued a directive to the Philippine Health Insurance Corporation (PhilHealth) to bolster the primary care benefits offered through its “Konsulta” benefit package across the country. (Photo from DOH) In line with...
