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Average cost of medical insurance

 
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beckymb



Joined: 24 Nov 2009

PostPosted: Mon Jan 18, 2010 11:11 am    Post subject: Average cost of medical insurance Reply with quote

Nearly all the jobs state that the employer will pay 50% of my medical insurance. On average, how much is it in Korea?
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Alaskaman



Joined: 22 Sep 2009
Location: Bundang-Gu, South Korea

PostPosted: Mon Jan 18, 2010 2:59 pm    Post subject: Reply with quote

about $55.00 a month or about 60,000 won.
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beckymb



Joined: 24 Nov 2009

PostPosted: Mon Jan 18, 2010 5:35 pm    Post subject: Reply with quote

Thanks! I'm new to this teaching overseas so I'm happy for the info. =)
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dutchschultz



Joined: 01 Feb 2004

PostPosted: Mon Jan 18, 2010 7:36 pm    Post subject: Reply with quote

It's based on your salary. I forget the percent but you can look that up on the national health insurance website.

Because your salary is sometimes composed of a base plus bonuses like holiday bonus, the amount that they report is often different than what your actual (monthly) salary is.

I find that the insurance has gotten quite expensive. When I first came back to Korea in 2006 I paid about 45,000 a month but in 2009 I was paying 80,000 a month. That is the same amount that I paid in the US but I had much better coverage in the US.
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Ramen



Joined: 15 Apr 2008

PostPosted: Mon Jan 18, 2010 7:53 pm    Post subject: Reply with quote

dutchschultz wrote:


I find that the insurance has gotten quite expensive. When I first came back to Korea in 2006 I paid about 45,000 a month but in 2009 I was paying 80,000 a month. That is the same amount that I paid in the US but I had much better coverage in the US.


Yeah, I agree. It's cheap in Korea if you just go visit a doctor and fill a prescription for a minor ailment. However, if you ever break your limb or require hospital stay for something minor/serious, you really have to pay.
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