Utilz
Korean Health Insurance Calculator
Calculate your monthly health insurance and long-term care insurance premiums
Why Use This Tool?
- Know your exact health insurance deduction before accepting a job offer
- Understand the employer vs employee split for employed workers
- Calculate total annual health insurance costs
Calculation Method
Health insurance premium = Monthly salary × 7.09%. Long-term care insurance = Health insurance × 12.95%. For employed workers, the cost is split 50/50 between employee and employer.
How to Use
- Select your insurance type (employed or self-employed)
- Enter your monthly salary or income
- View the breakdown of health insurance and long-term care premiums
FAQ
What is the 2024 health insurance rate?
The 2024 Korean national health insurance rate is 7.09% of monthly salary. For employed workers, this is split equally between employee (3.545%) and employer (3.545%).
What is long-term care insurance?
Long-term care insurance (장기요양보험) is an additional premium calculated at 12.95% of the health insurance amount. It funds care services for elderly and disabled individuals.
How is self-employed insurance calculated?
Self-employed (지역가입자) premiums are based on income, property, and vehicle ownership using a point system. This calculator provides a simplified estimate based on income only.
Is there a maximum premium cap?
Yes, the maximum monthly health insurance premium is capped. For 2024, the cap is based on the maximum standard monthly salary set by the NHIS.
When are premiums deducted?
For employed workers, premiums are deducted from monthly salary by the employer. Self-employed individuals pay directly to the NHIS monthly.