Korean Job Discussion Forums

[SeoulNate]

Okay, so I switched schools a few months ago, continuing my pension and NHIC from my old job where I was paying 3.4% of my salary into NHIC, which was split 50/50 with my employer.

Now, the school contacted NHIC and they informed me that I should be paying 5.6% for healthcare and long term care.

It is 2.8% for each the regular coverage AND this long term coverage.

What is this? I was under the impression that NHIC was a flat 3.4% rate of your salary. With this new charge I am paying almost 95,000 won per month for healthcare with the school matching this number.

190,000 won per month for NHIC seems a little steep for me....

Any ideas about this?

[ttompatz]

Looks like your previous employer was under-reporting your income and letting you pay it all or, if you never got your NHIC booklet, pocketing the cash.

The rate should have been 2.83% (each) for your NHIC.

If NHIC confirms this under reporting then they will come after you for the unpaid premiums (yours and your past employers) as well as increasing your current premium up to the correct level.

To be paying 95k won you must be making in excess of 3.3 million per month

.

[SeoulNate]

strange. I got the booklet and I was paying 1.7%.

Thanks for the info! All of the numbers work out though (at 2.8 percent), so its all good.

I guess on the bright side, it is still a hell of a lot less than I paid in the states for healthcare.

[nathanrutledge]