4Ps beneficiaries to get access to SSS low-cost insurance

Beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) are set to receive Social Security System  coverage as part of a joint program between the SSS and the Department of Social Welfare and Development (DSWD).

Under the program known as the 4Ps AkanSSSya Program, which will be covered by a memorandum of agreement (MOA) to be signed on Monday-July 8, 4Ps beneficiaries will be given access to low-cost social insurance covering income loss, and sickness, among others, with the monthly premium shouldered by the beneficiaries.

According to the DSWD, the SSS will establish a contribution subsidy table specific to the 4Ps organized group, which will be determined based on an actuarial study and the actual capacity of the beneficiaries to pay the minimum monthly amount of P570.

Among those covered by the program are 4Ps beneficiaries who are members of workers associations, informal sector groups, and sustainable livelihood program associations.

“This partnership with SSS will extend social security coverage to our 4Ps beneficiaries, providing them with safety nets from income loss, sickness, and other financial burdens,” said DSWD Assistant Secretary and Spokesperson Irene Dumlao.

“It is necessary that our 4Ps beneficiaries are educated on the importance and benefits of SSS membership and savings. This also contributes to our financial literacy efforts among our beneficiaries,” she added.

There were 4.3 million household beneficiaries across the Philippines receiving conditional cash grants under the 4Ps program as of May 31,  2024. — DVM, GMA Integrated News