SEOUL, Aug. 25 (Korea Bizwire) – Starting September 1, adult ADHD patients in Korea will be able to have their ADHD medication expenses partially covered by the national health insurance plan. Attention deficiency hyperactivity disorder, or ADHD, although largely perceived as a condition most prevalent in children and teenagers, is also becoming common among adults. [...]
SEOUL, Aug. 23 (Korea Bizwire) – It has been almost three months since the Supreme Court of Korea ruled that insurance companies must pay the families of suicide victims, but a recent report from the Financial Supervisory Service (FSS), submitted to lawmaker Min Byung-doo (Minjoo Party of Korea), revealed that insurance companies have yet to [...]
SEOUL, Aug. 4 (Korea Bizwire) – Insurance companies have been caught recommending expensive health insurance plans intended for the elderly and people with chronic diseases to otherwise healthy customers. These expensive insurance plans are referred to as Simple Evaluation Insurance (SEI), and were designed to meet demand from the rising number of elderly Koreans and [...]
SEOUL, July 6 (Korea Bizwire) – Starting next year, foreign laborers in Korea will no longer benefit from a policy that allowed them to receive medical treatment for free, and will instead have to pay 20 percent of the total expense. Laborers with foreign citizenship used to receive up to 10 million won ($8,500) for their [...]
SEOUL, July 1 (Korea Bizwire) – The local dental association said Friday it has designated July 1 as Denture Day, timed with revised state health insurance coverage going into effect. The coverage for dentures has been widened to people over 65 from the former 70 as of Friday, halving the cost for those individuals to [...]
SEOUL, June 29 (Korea Bizwire) – Starting in October, Korea’s national health insurance will include infertility treatment and liver ultrasonography, sparing patients from the burden of high medical expenses. Health insurance is also likely to expand to cover more treatment and therapy for mental illnesses. The new policies were announced on Tuesday by the Health [...]
SEOUL, May 24 (Korea Bizwire) – 4 out of 100 South Koreans subscribed to life insurance policies died from suicides, the biggest cause of death for those in their teens to 30s, an institute’s tally showed Tuesday. A close study of life insurance payments in the 2012-2014 period showed that of 177,706 deaths of policyholders, [...]
TORONTO, ON, Nov. 19 (Korea Bizwire) – Symbility Solutions Inc. (TSX VENTURE: SY), a global software company dedicated to developing applications for the insurance industry, announced that it has received third-party ISO/IEC 27001:2013 certification for its global operations and infrastructure — including the development, management, maintenance and delivery of Symbility’s products, services, applications and data. [...]
SEOUL, Sep 12 (Korea Bizwire) – A congressional investigation revealed that some of the high-income earners have evaded health care insurance payments by registering their young children as head of the business. According to Congressman Kim Jae-won (New Frontier Party), a member of the National Assembly’s Health & Welfare Committee, who reviewed data submitted by the [...]
SAN FRANCISCO, June 10, 2014 (Korea Bizwire) - A new poll of chief financial officers (CFOs) at large U.S. companies that currently provide health insurance to their employees finds that about 9 in 10 agree that if their company’s healthcare costs were lower, they could afford to pay higher wages and salaries to their employees (93%) [...]