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Health insurance question

 
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Roving_gypsy_gurl



Joined: 29 Nov 2007

PostPosted: Mon Sep 22, 2008 3:59 pm    Post subject: Health insurance question Reply with quote

I'd be grateful for some help with this issue.

How much is deducted from your pay to cover 50% health insurance? My contract says the school will pay half and half will be deducted from my monthly paycheque. Therefore, I've always just assumed the 60 000 they take every month is matched. However, I've spoken with some people working at other schools who tell me that they only pay 30 000. Is there some sort of sliding scale for health care or is my school not paying their share?
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kprrok



Joined: 06 Apr 2004
Location: KC

PostPosted: Mon Sep 22, 2008 4:57 pm    Post subject: Reply with quote

I don't remember the exact number, but the total is about 5% of your salary, so you should pay about 2.5%.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Mon Sep 22, 2008 6:31 pm    Post subject: Re: Health insurance question Reply with quote

Roving_gypsy_gurl wrote:
I'd be grateful for some help with this issue.

How much is deducted from your pay to cover 50% health insurance? My contract says the school will pay half and half will be deducted from my monthly paycheque. Therefore, I've always just assumed the 60 000 they take every month is matched. However, I've spoken with some people working at other schools who tell me that they only pay 30 000. Is there some sort of sliding scale for health care or is my school not paying their share?


The employee contribution is 2.54% of your monthly salary.

The employer matches that for a total of 5.08%.

http://www.nhic.or.kr/eng/

.
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Mon Sep 22, 2008 7:28 pm    Post subject: Reply with quote

kprrok wrote:
I don't remember the exact number, but the total is about 5% of your salary, so you should pay about 2.5%.


This is correct. If you make 2.2 million won a month, you pay 55,000 won a month for health insurance.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Mon Sep 22, 2008 7:37 pm    Post subject: Reply with quote

Oh, and it someone is only paying 30k won for NHIC medical then one of 3 things is happening:

a) they only earn 1.2 mil per month.

b) the employer is pocketing the money and they have no insurance (and no insurance booklet).

c) the employer is lying to NHIC about their earnings (to reduce the premium) so chances are great that they are getting cheated on their pension too (declared income of 1.2 mil per month so they end up paying 100% of the contribution and only get 1/2 what they should when they leave).

.
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Roving_gypsy_gurl



Joined: 29 Nov 2007

PostPosted: Tue Sep 23, 2008 2:04 am    Post subject: Reply with quote

Thanks folks! I feel better now.

I'm going to warn the 30 000 people that their employers may be ripping them off. It actually didn't seem like my boss to pull something like that, but it's nice to have it confirmed.
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DavePuff



Joined: 01 Jan 2005
Location: Daegu, South Korea

PostPosted: Tue Sep 23, 2008 2:17 am    Post subject: Reply with quote

Hmm.. I was paying 33,000 won a month for my health insurance and I had a valid health insurance book and all. I was earning more than 1.3 million too. Very Happy

Could just be a case of me being lucky. The above looks more legit.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Tue Sep 23, 2008 3:28 am    Post subject: Reply with quote

DavePuff wrote:
Hmm.. I was paying 33,000 won a month for my health insurance and I had a valid health insurance book and all. I was earning more than 1.3 million too. Very Happy

Could just be a case of me being lucky. The above looks more legit.


33k for NHIC (within the last few years) and earning more than 1.2 mil.... somebody was cheating somewhere....

and you can bet that it was not in your best interest (unless you are from somewhere that is either exempt from pension (S.A.) or doesn't get a refund (UK, Ireland, NZ).
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