The Philippines has mandatory universal healthcare that is financed by payroll taxes and the general budget. There is also the option of paying for private health care. The private healthcare system serves 30% of the population.
Offering extra incentives may aid in attracting and retaining important personnel. The following are some common extra perks provided by certain companies in the Philippines
Allowances: Some companies offer allowance for things such as housing, transportation, and medical allowances. If an allowance can be classified as a cost of living allowance it is tax deductible. All other allowances will be taxed.
Supplementary Insurances: supplementary life, disability, and health insurance are often provided by employers and are recommended.