health insurance Archives | Be Korea-savvy
S. Korea to Revise Health Insurance for Foreigners

S. Korea to Revise Health Insurance for Foreigners

SEOUL, Oct. 4 (Korea Bizwire) — South Korean authorities said Thursday they are pushing to revise relevant laws governing the management of state health insurance schemes amid growing criticism that some foreigners are taking advantage of the system. By law, South Koreans are required to join the system, and foreigners living in South Korea can [...]

More Medical Institutions Involved in Hospice Sector

More Medical Institutions Involved in Hospice Sector

SEOUL, Sept. 3 (Korea Bizwire) — Starting this month, the government is expanding a trial run of allowing more medical institutions to join the hospice industry. According to the Ministry of Health and Welfare and the Health Insurance Review and Assessment Service, 14 new hospice institutions providing either home or consultation hospice services were given [...]

S. Korea to Plug Loophole on Health Insurance Coverage for Foreigners

S. Korea to Plug Loophole on Health Insurance Coverage for Foreigners

SEOUL, Jun. 7 (Korea Bizwire) — South Korea said Thursday it will strengthen regulations in the country’s health insurance program to prevent foreigners from taking advantage of a loophole in the system. The minimum stay requirement to receive benefits from the national insurance program will be extended from the current three months to six months, [...]

People With Monthly Incomes Over 4.49 Million Won to Pay More for Health Insurance

People With Monthly Incomes Over 4.49 Million Won to Pay More for Health Insurance

SEOUL, March 2 (Korea Bizwire) – People with monthly salaries exceeding 4.49 million won (US$4,155) will pay more for state health insurance starting in July, the government said Friday. According to the Ministry of Health and Welfare, a total of 2.44 million people, 13.6 percent of company-subscribed state insurance payers, will pay a maximum of [...]

Health Care Costs for Insured Foreigners Double over 5 years

Health Care Costs for Insured Foreigners Double over 5 years

SEOUL, Sept. 15 (Korea Bizwire) — Health care costs for foreigners covered by South Korea’s state health insurance have more than doubled over the past five years as more subscribe to the scheme, data showed Friday. The total medical cost for covered foreigners came to 553 billion won (US$487 million) last year, up 109 percent [...]

New Policy Gives Healthy Insurance Subscribers Easier Access to Discounts

New Policy Gives Healthy Insurance Subscribers Easier Access to Discounts

SEOUL, April 12 (Korea Bizwire) – Obtaining discounts on health insurance premiums will become much easier for South Koreans starting in July.  Discounted contracts, which provide up to 20 percent discounts on existing installments, are offered by 14 insurance companies for healthy individuals who meet certain health standards.  However, only 3.8 percent of the subscribers [...]

“Health Insurance” Policy for Korean Cattle Introduced Following Outbreak of Foot-and-Mouth Disease

“Health Insurance” Policy for Korean Cattle Introduced Following Outbreak of Foot-and-Mouth Disease

SEOUL, Feb. 20 (Korea Bizwire) – Following criticism of recurrent foot-and-mouth disease outbreaks in South Korea, the Ministry of Agriculture, Food and Rural Affairs announced Sunday that it will introduce a pilot project for a mutual aid system that will function much like a health insurance policy for cattle.   The “premiums” will be split fifty-fifty [...]

S. Korea to Revise Health Insurance System to Relieve Burden on Low-Income People

S. Korea to Revise Health Insurance System to Relieve Burden on Low-Income People

SEOUL, Jan. 23 (Korea Bizwire) – South Korea is pushing to revise its national health insurance program to halve the fees for low income earners in an effort to make health care more affordable, officials said Monday.  The Ministry of Health and Welfare released a revision to the national health insurance system, subject to parliamentary [...]