Health insurance coverage is divided into workplace subscribers and community subscribers. Workplace subscribers literally include workers who belong to a workplace (such as a workplace, public institution, school, etc.) and their dependents, and community subscribers refer to subscribers other than workplace subscribers. As of December 2023, the number of people covered by national health insurance was 51.453 million. 8,384,000 employees supported by workplace subscribers 16.531 million local subscribers health insurance premiums for workplace subscribersAs of 2024, the health insurance premium for a workplace subscriber can be calculated as above. The annual health insurance premium can be obtained by multiplying the monthly remuneration by the health insurance premium rate of 7.09% and multiplying it by the number of working months. Here, the monthly remuneration is the total amount of remuneration received in the relevant year divided by the number of working months. The long-term care insurance premium can be obtained by multiplying the health insurance premium by the long-term care premium rate of 0.9182% and dividing the health insurance premium rate of 7.09% here. When the insurance premiums deducted from the annual salary in 2023 are combined, the insurance premium is already paid, and here, if there is a difference between the fixed insurance premium and the previously paid insurance premium, the settlement of the health insurance premium refund is made by paying additionally or receiving a refund. Year-end settlement of health insurance premiums for workers is made by year-end settlementNational health insurance is a type of social insurance that is compulsory by law to provide medical services when an accident occurs to the public. Korea’s top five social insurance policies are as follows. National health insurance industry accident insurance, national pension insurance, employment insurance, and long-term care insurance for the elderlySo far, we’ve learned about another year-end settlement for office workers, the refund of health insurance premiums in April. In fact, it’s not all good to get it back, but it’s burdensome to pay for it because your income decreases, but health insurance premiums seem to be an inevitable part of the people.The health insurance premium system will change in 2024. First, the health insurance premium rate was frozen, but the long-term care premium rate increased by 1.09% to 0.9182%. In addition, the six-month residential period in Korea was estimated from the foreign/foreign national dependent subscription standard. In the case of local subscribers, the basic deduction was expanded from 50 million won to 100 million won, and the automobile insurance premium, which was charged at a vehicle value of 40 million won or more, will be abolished. In addition, it included the expansion of benefits for disaster medical expenses support programs and additional payments for pregnancy and childbirth medical expenses.Hello, I’m Positive Stella. Office worker subscribers have to pay their health insurance premiums in April every year. Usually, if your income increases, such as a rise in salary, you have to pay more health insurance premiums. On the contrary, office workers with reduced income will receive a refund of health insurance premiums. What is health insurance premiums?
