This benefit ensures that after the passing of a principal member, the remaining dependents will have medical aid cover provided as no cost to them. Currently all BPOMAS members have a free premium waiver of 6 months.
The extended premium waiver is the new benefit that allows members to increase their existing premium waiver by, 12 months, 24 months or 36 months. It is completely up to the member to decide the period by which they wish to extend their premium waiver.
The table below shows the contributions per month that a member would have to pay for the various premium waiver periods;
|
|
Standard Benefit Option |
High Benefit Option |
Premium Benefit Option |
|
12 months |
P2.90 |
P7.10 |
P11.60 |
|
24 months |
P5.70 |
P14.10 |
P21.60 |
|
36 months |
P8.50 |
P21.10 |
P32.40 |
