COVID-19, Financial, OFW Finance, SSS Updates
Updates from SSS and PhilHealth that you must know
“The best thing money can buy is financial freedom.”
-Anonymous-
Nearly 99% of SSS Benefit Disbursements coursed through e-channels
This photo was taken from: Facebook: Philippine Social Security System – SSS
The Social Security System (SSS) has increased its use of electronic disbursement platforms to distribute benefits to its members-beneficiaries.
As per the SSS, about P168.55 billion in social security and workers’ compensation benefits is disbursed via banks, e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs) from January to November 2020.
From January to November 2020, the number of benefit checks disbursed fell by 39.7% to 264,208, compared to 437,947 in the same timeframe in 2019.
Although SSS moves to these modern disbursement systems, certain benefits, such as pensions given to a confined member or claimant in a facility such as a penitentiary/correctional/rehabilitation, will continue to be paid in the traditional manner.
“With the social distancing and health protocols issued to stem the spread of COVID-19, the importance of digital technologies has been redefined. We appreciate our covered employers, and members, pensioners, and their beneficiaries’ who supported our ongoing digital transformation. We stay committed to continuously look for ways to bring our services closer to you,” Ignacio concluded.
PhilHealth’s Maternity Care Package
One of the benefits offered by the Philippine Health Insurance Corporation – PhilHealth is the Maternity Care Package. Through Maternity Care Package, the mother and the newborn baby will enjoy care benefits from womb to birth.
Maternity Care Benefits include the following: (1) pre-natal consultation and essential health services, (2) normal delivery benefits, and (3) post-partum care.
This photo was taken from: Facebook: Philippine Health Insurance Corporation -PhilHealth
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A multi-award-winning blogger and advocate for OFWs and investment literacy; recipient of the Mass Media Advocacy Award, Philippine Expat Blog Award, and Most Outstanding Balikbayan Award. Her first book, The Global Filipino Bloggers OFW Edition, was launched at the Philippine Embassy in Kuwait. A certified Registered Financial Planner of the Philippines specializing in the Stock Market. A recognized author of the National Book Development Board of the Philippines. Co-founder of Teachers Specialist Organization in Kuwait (TSOK) and Filipino Bloggers in Kuwait (FBK). An international member of writing and poetry. Published more than 10 books. Read more: About DiaryNiGracia
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