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Asia Workers Compensation Error Correction On Old Post

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Philippines and Thailand Do Have Policies in Place – My Workers Compensation Error

A Workers Compensation error was made by me on one of my old posts.  I had to correct the error once I realized that many Asia countries had Workers Compensation coverage.    Even the countries that are referred to as “Third World” have some type of coverage.  

The article that I wrote on the lack of WC coverages for   Philippine and Thai injured workers in 2017 needs to be corrected.   

SS Symbol Workers Compensation Error Philippines
(c) Philippines SS System

The Philippines and Thailand both have a monopolistic fund administered by their governments.  The funding in Philippines Pesos is as follows:

RULE V – EMPLOYER’S CONTRIBUTION

SECTION 1. Rate and amount. – Subject to the following conditions, contributions under this Rules shall be paid in their entirety by the employer and any contract or device for the deduction of any portion thereof from the wages or salary of the employees shall be null and void:
(1) For a covered employee in the public sector, his employer shall remit to the GSIS a monthly contribution equivalent to one percent of the actual wages or salary received by him as of the last day of the month but not to exceed P30 per employee. (ECC Resolution No. 1451 dated December 27, 1979).
(2) For a covered employee in the private sector, his employer shall remit to the SSS a monthly contribution equivalent to one percent of his monthly salary credit as of the last day of the month.  

SS is the Philippine Social Security system.  All of their Workers Compensation claim rules are very similar to the US. 

The one noticeable difference is the low amount of Workers Compensation rates available to employers.   One percent is strikingly low except for Administrative Assistants.    I  think I know why the rates are so low.  The medical benefits are full single payer.  

The Philippines has PhilHealth.  PhilHealth is the 24-hour health coverage (think socialized medicine) in the Philippines.   From what I have read, the 24- hour coverage also encompasses Workers Compensation medical treatment.  

Thailand’s workers compensation is very similar.   

So there you have it, a workers compensation error corrected.   I do not go back and correct the posts very often.  

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

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  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
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  • Various trade publications

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