The Department of Budget and Management (DBM) has approved the release of almost P43 billion to cover the one-year health insurance premiums of senior citizens throughout the Philippines.
Amenah Pangandaman, DBM chief, has authorized the disbursement of P42.9 billion for the premiums, which are estimated to benefit nearly 8.5 million enrolled elderly persons.
The corresponding special allotment release order and notice of cash allocation were approved on April 4.
The allocation of funds for senior citizen health insurance premiums is part of the government's effort to provide support and resources to ensure the well-being of the elderly, as directed by President Bongbong Marcos.
"Our elderly will always remain vital members of our society who have spent many of their productive years not only in improving the lives of their family members but also in contributing to their communities. Dapat lamang na patuloy nating tulungan ang ating mga lolo at mga lola na manatiling malakas at malusog," she said.
Under Republic Act No. 10645 or the Expanded Senior Citizens Act of 2010, all senior citizens are entitled to coverage under the National Health Insurance Program of PhilHealth.
To fund the enrollment of senior citizens who are not covered under any existing category, the necessary funds will be sourced from the NHIP through the proceeds of Republic Act No. 10351 or the Sin Tax Law.
