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Severance question relating to health insurance

 
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emilylovesyou



Joined: 14 Oct 2008
Location: here

PostPosted: Mon Oct 25, 2010 2:09 pm    Post subject: Severance question relating to health insurance Reply with quote

My school recently contacted me after I left (I'm still working in Korea for another company), and told me I had to pay a bill relating to health insurance. I find out that in September, the school counted my last month salary and my severance together, which put me into a different bracket for health insurance and now I owe 95,000 won as payment (even though I already was deducted for health insurance in Sept).

I received my FULL severance (no taxes deducted) in October after I left. The school claims that I have to pay because I received my bonus earlier than their normal 30 days. However, nothing has been said about income tax being deducted.

Is this correct? Do I have to pay? I was under the impression that severance is not taxed and doesn't count towards salary. Plus, this is the first time it's happened at this school (any other time a foreign teacher received their bonus there was nothing deducted, nothing changed).

I asked the accountant at my new school about this matter, and she told me the severance is not to be taxed or deducted.
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NYC_Gal



Joined: 08 Dec 2009

PostPosted: Mon Oct 25, 2010 2:49 pm    Post subject: Reply with quote

Severance is taxed. Sorry Sad
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