Health · Healthcare & Policy · 2 hrs ago
South Korea to raise long-term care insurance contributions by 5.78%
South Korea’s Health Ministry has set the 2027 long-term care insurance rate at 0.9994% of income, a 5.78% increase from this year.
The average monthly contribution per household is expected to rise by 1,100 won to 20,129 won.
The increase is intended to help cover rising care needs in an ageing society and keep the insurance system financially sustainable.
From 2024 to 2025, insurance revenue grew by about 1.3 trillion won, while spending rose by about 2.4 trillion won.
The changes also expand some home-care benefits and services, and improve payments for care workers.
The new rate and service changes are due to take effect in 2027.
South Korea will raise its long-term care insurance contribution rate by 5.78% for 2027.
The rate will be 0.9994% of income, up from 0.9448% in 2026.
The average monthly contribution per insured household is expected to rise by 1,100 won to 20,129 won.
The Ministry of Health and Welfare said the increase reflects rising care demand and growing pressure on the system’s finances.
The government also plans to expand home-based care services and improve care workers’ pay and benefits.
- Who
- South Korea’s Ministry of Health and Welfare set the contribution rate.
- What
- The long-term care insurance rate will rise by 5.78% to 0.9994% of income for 2027.
- When
- The decision was made on October 30, 2026. The new rate applies in 2027.
- Where
- South Korea.
- Why
- The ministry cited increased care demand in an ageing society and pressure on the insurance system’s finances.
This story does not have two clearly opposing sides.
Long-term care insurance revenue rose by about 1.3 trillion won, while spending increased by about 2.4 trillion won.
The contribution rate was 0.9448% of income.
The Ministry of Health and Welfare’s fifth Long-Term Care Insurance Committee decided the 2027 rate.
The rate will be 0.9994% of income, and the average monthly household contribution is expected to be 20,129 won.
- Increase
- 5.78%
- 2027 rate
- 0.9994% of income
- 2026 rate
- 0.9448% of income
- Average monthly household contribution
- 20,129 won, up 1,100 won
- Revenue and spending change, 2024–2025
- Revenue rose about 1.3 trillion won; spending rose about 2.4 trillion won