Health · Healthcare & Policy · 1 hr ago

South Korea keeps employee health insurance rate at 7.19% next year

South Korea keeps employee health insurance rate at 7.19% next year

A 61-year-old retiree in South Korea says monthly health insurance payments have become a strain since leaving work.

Retirees can face a new monthly premium burden after their income falls.

The Health and Welfare Ministry says the employee health insurance rate will stay at 7.19% next year, the same as this year.

Employees also pay a long-term care insurance contribution, set at 0.9448% in 2026.

Together, the two rates amount to 8.13% for employees, before income tax.

Health insurance contributions and income tax are calculated differently, so retirement income can bring separate cost concerns.

The article warns premiums could rise over time, but gives no specific forecast or next policy step.

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