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 [...]
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 [...]
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 [...]
SEOUL, Dec. 21 (Korea Bizwire) – False health insurance claims in South Korea are expected to flirt with 600 billion won this year despite a crackdown on scammers, data showed Wednesday. According to the data by the National Health Insurance Service, medical providers’ false and unfair insurance claims came to 545 billion won (US$456 million) [...]
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 [...]