1. Concept Social security benefits – refer to the ‘package of benefits under the Social Security Program in the event of death, disability, sickness, maternity, old age and unemployment. Work-related death, disability and sickness also receive benefits under the Employees’ Compensation (EC) Programs. Basically, social security provides replacement for income lost on account of the…
1. Concept PhilHealth benefits – refer to the benefits provided for under the National Health Insurance Program (NHIP) a. National Health Insurance Program ‘The National Health Insurance Program (NHIP) is a compulsory health insurance program of the government established to provide universal health insurance coverage and ensure affordable, acceptable, available and accessible health care services…
1. Concept Pag-IBIG benefits – refer to the benefits provided for by the Home Development Mutual Fund (HDMF), also known as Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Goberyno) Fund. a. Home Development Mutual Fund ‘The Home Development Mutual Fund (HDMF), also known as Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Goberyno) Fund,…