Unremitted PhilHealth Premium Contributions
Department of Public Works and Highways · 2023
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Financial ManagementIssue: Non-complianceEmployee health insurance contributions were deducted from paychecks but not fully forwarded to PhilHealth on time. A substantial balance remained unpaid after partial remittances in early 2024.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"out of the total insurance premiums/contributions of P291,726,152.77 withheld/collected from the salaries and wages of the officials and employees of DPWH offices, the amount of P271,741,646.99 or 93.15 percent thereof was remitted to PhilHealth, leaving an unremitted balance of P19,984,505.78 or 6.85 percent, as at year-end. Of the total unremitted balance, the amount of P4,964,415.13 was subsequently remitted in the first quarter of CY 2024, leaving a balance of P15,020,090.65, which is subject to reconciliation, adjustment and/or further remittance."