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Increase in Premium Rates for the National Health Insurance and the Long-Term Care Insurance

3/27/2018
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Effective from January 1, 2018, the premium rate of the National Health Insurance has been increased from 6.12% to 6.24% of monthly salary income (excluding non-taxable income). Each employer and employee portion rises from 3.06% to 3.12%, respectively. Meanwhile, the premium of the Long-Term Care Insurance (surcharge of the national health insurance) has been increased from 6.55% to 7.38% of the National Health Insurance premiums.

 

For example, if an employee’s monthly average taxable salary is KRW 5,600,000, the employee portion of the National Health Insurance and the Long-Term Care Insurance premiums are calculated as follows:

 

 

2017 (KRW)

2018(KRW)

National Health Insurance

5,600,000 * 3.06% = 171,360

5,600,000 * 3.12% = 174,720

Long-Term Care Insurance

171,360 * 6.55% = 11,220

174,720 * 7.38% = 12,890