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More people paying maximum health insurance as their pay increases

All News 09:54 January 08, 2018

SEOUL, Jan. 8 (Yonhap) -- Nearly 4,000 workers are paying maximum state health insurance because of their high salaries, a number that has been increasing every year, data from the National Health Insurance Service (NHIS) showed Monday.

As of November last year, 3,990 people were paying 2.38 million won (US$2,235) a month in state health insurance through their employers, the highest amount that can be taken from a worker's salary. The money accounts for 0.023 percent of all company-subscribed state insurance payers.

The growing number of such people means that there are more workers getting high pay. Currently, NHIS collects 2.38 million won from people who earn 78.1 million won or more a month.

According to the data, 2,508 people paid maximum insurance in 2012. The number grew to 2,522 in 2013, 2,893 in 2014, 3,017 in 2015 and 3,403 in 2016.

People with large assets were also growing in number, related data showed. As of November last year, 724 individuals subscribed to state health insurance programs were paying the maximum amount of 2.27 million won due to their large personal assets. This number has also been increasing, from 359 in 2012 to 421 in 2013, 480 in 2014, 574 in 2015 and 715 in 2016.

The insurance payment for workers was last raised in 2011. The Health and Welfare Ministry has increased the cap to 3.09 million won per month starting from July this year.
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