THE LBC EXPRESS, Inc. is now ready to accept premium payments from individually paying members (IPMs) of the Philippine Health Insurance Corporation (PhilHealth), as well as from employers in the government and private sectors.
Through Circular 35, s.-2010, the PhilHealth officially granted accreditation to LBC primarily to make premium remittance more convenient for employers and IPMs. PhilHealth President and CEO Dr. Rey B. Aquino and LBC President Santiago G. Araneta signed the Collection and Remittance Agreement (CRA) in simple ceremonies at the PhilHealth Head Office recently.
“This move spells added convenience for our members, because they can now pay even beyond the close of business hours. I understand there are LBC branches that are open up to 6:00 in the evening on weekdays, and even during weekends, making their services truly accessible for our members,” Aquino said, adding that the only exception to the payment arrangement are LBC branches located in SM Malls.
The LBC is a non-bank collecting agent. It is technologically equipped and known for its courier and money remittance services that are the safest, fastest and offer the lowest rates in the country. The LBC is now the seventh (7th) non-bank facility accredited by PhilHealth to cater to the premium remittance requirements of its partner-employers and members all over the country.
When paying through the LBC Customer Associate, IPMs must provide their complete names and PhilHealth Identification Numbers. On the other hand, employers must provide their complete business name and PhilHealth Employer Number. “They should also indicate the period for which the payment is being made, the amount of payment and the member type,” Aquino said. The LBC will issue either the Payment Receipt or the Acknowledgement Receipt printed on thermal paper, depending on the existing system used by the branch through which payment is being made.
The LBC is known for its widest coverage and network. With about 905 strategically located branches nationwide, it now provides PhilHealth members with a multitude of payment locations to choose from. Its primary objective is to link and bridge its customers by providing innovations in terms of remittance services that will respond to the growing needs of Filipino families and business entities. Their objective is in accordance to PhilHealth’s commitment to provide an efficient premium collection mechanism and to maintain an updated membership contribution database to ensure the viability, adequacy and responsiveness of the National Health Insurance Program.
Last year, premium collections received from accredited collecting banks and agents combined reached P 10.2B. Of this amount, P178M or 1.75 percent were collected from non-bank collecting agents. Due to the continued accreditation of collecting agents from different sectors, P253M in collections has been recorded from January to November this year, and it is expected to increase with the accreditation of LBC.
To better serve its stakeholders and members, PhilHealth is planning to accredit more payment windows. “We are currently studying nine applications from banks, non-banks and overseas collecting entities,” Aquino said.
The complete list of LBC Express, Inc. branches and its locations nationwide is available at www.philhealth.gov.ph. Interested IPMs and employers may also call the Accreditation Division of Treasury Department at (02) 634-0239.
Pinoy Parazzi News Service