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THE INVESTOR
September 18, 2019
Big Reunion

Economy

Foreigners defaulting on state health insurance fees required to cover full medical cost

  • PUBLISHED :July 09, 2019 - 11:13
  • UPDATED :July 09, 2019 - 11:13
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Foreign residents in South Korea who default on state health insurance fees will be required to personally pay for all medical costs, the Health Ministry said on July 9.

Under changes made to the National Health Insurance Act that will go into effect on July 16, foreign nationals who reside in the country for more than six months must mandatorily join the public health insurance plan, according to the ministry. 


“Those that are in arrears will not receive support until all their dues are paid,” it said.

The minimum premium to be paid by a foreigner every month has been set at 113,050 won ($96) with the exact amount to be determined based on income and assets, the ministry said.

In the past, foreigners who did not work for local companies were given the option of not joining the insurance program.

The ministry said that for students, the mandatory rule will be temporarily waived for now, but they too will be required to pay for health insurance coverage from March 2021.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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