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seoulsurvivor8
Joined: 25 Aug 2011
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 Posted: Thu Jan 05, 2012 4:18 pm Post subject: Insurance in contract is not NHIC |
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The insurance in my contract is listed as "Korean Medical Insurance Union" and not NHIC, as I understand is required by all those holding the E2 visa.
(Also this contract doesn't even mention the national pension scheme and the provided tax rate in the contract is 3.3%)
Should I not sign because of these? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Jan 05, 2012 4:27 pm Post subject: Re: Insurance in contract is not NHIC |
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| seoulsurvivor8 wrote: |
The insurance in my contract is listed as "Korean Medical Insurance Union" and not NHIC, as I understand is required by all those holding the E2 visa.
(Also this contract doesn't even mention the national pension scheme and the provided tax rate in the contract is 3.3%)
Should I not sign because of these? |
The medical insurance has no value.
That said, how desperate are you for a job?
The same problem will exist with the majority of all hagwan jobs so finding something better (at a hagwan) may take a long time.
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seoulsurvivor8
Joined: 25 Aug 2011
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| Posted: Thu Jan 05, 2012 5:26 pm Post subject: Re: Insurance in contract is not NHIC |
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| ttompatz wrote: |
| seoulsurvivor8 wrote: |
The insurance in my contract is listed as "Korean Medical Insurance Union" and not NHIC, as I understand is required by all those holding the E2 visa.
(Also this contract doesn't even mention the national pension scheme and the provided tax rate in the contract is 3.3%)
Should I not sign because of these? |
The medical insurance has no value.
That said, how desperate are you for a job?
The same problem will exist with the majority of all hagwan jobs so finding something better (at a hagwan) may take a long time.
. |
I don't understand what you mean by "The medical insurance has no value" |
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Armin_Tamzarian
Joined: 28 Jun 2011
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| Posted: Thu Jan 05, 2012 9:38 pm Post subject: Re: Insurance in contract is not NHIC |
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| seoulsurvivor8 wrote: |
| ttompatz wrote: |
| seoulsurvivor8 wrote: |
The insurance in my contract is listed as "Korean Medical Insurance Union" and not NHIC, as I understand is required by all those holding the E2 visa.
(Also this contract doesn't even mention the national pension scheme and the provided tax rate in the contract is 3.3%)
Should I not sign because of these? |
The medical insurance has no value.
That said, how desperate are you for a job?
The same problem will exist with the majority of all hagwan jobs so finding something better (at a hagwan) may take a long time.
. |
I don't understand what you mean by "The medical insurance has no value" |
As far as I know, private medical insurance is only supplemental so you won't have the coverage that you would have under the National Health Insurance. |
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seoulsurvivor8
Joined: 25 Aug 2011
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| Posted: Fri Jan 06, 2012 9:25 pm Post subject: |
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So do you think I should request NHIC insurance and national pension from this employer before even signing the contract, or is this my fate as someone applying to Hogwans?
I mean I literally have nothing to lose here in the States. I graduated in June and I'm broke and just need a job/income haha |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sat Jan 07, 2012 12:25 am Post subject: |
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| seoulsurvivor8 wrote: |
So do you think I should request NHIC insurance and national pension from this employer before even signing the contract, or is this my fate as someone applying to Hogwans?
I mean I literally have nothing to lose here in the States. I graduated in June and I'm broke and just need a job/income haha |
Be aware that they are less than honest.
It may not be the only thing they cheat on (taxes, overtime, etc).
Just be aware that the vast majority of hagwan jobs have similar problems and the fight is usually more than most are willing to take on in terms of time, energy and expense.
Bring an extra set of spare documents and change at your convenience when you find something decent.
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big_fella1
Joined: 08 Dec 2005
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| Posted: Sat Jan 07, 2012 4:18 am Post subject: |
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It's a S C A M!
Accept no substitutes to the NHI but feel free to supplement it. |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Sat Jan 07, 2012 5:01 am Post subject: Re: Insurance in contract is not NHIC |
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| seoulsurvivor8 wrote: |
The insurance in my contract is listed as "Korean Medical Insurance Union" and not NHIC, as I understand is required by all those holding the E2 visa.
(Also this contract doesn't even mention the national pension scheme and the provided tax rate in the contract is 3.3%)
Should I not sign because of these? |
Most hogwans provide National Health Insurance and Pension. You should keep looking until you find a job that offers these.
The tax rate at 3.3% is a clue that they will probably be treating you as an Independent Contractor. It is legal if the contract is written correctly, and it is a good deal for a few people but not for most.
Some employers do not understand the tax withholding structure and will overwithhold based on bad information from accountants and even the tax office. Some even underwithhold. You should use the tax table (see the tax thread under FAQs) to determine your correct tax rate at the National Tax Service. |
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