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If you lose your health insurance dependent status as an insurance planner, you will be converted from an employer subscriber to a local subscriber and your health insurance premiums will be calculated anew.
Insurance premiums for local subscribers are calculated by comprehensively considering income, assets, and whether or not they own a car. The specific calculation criteria are as follows.
- income assessment: If your annual income exceeds 20 million won, you are subject to insurance premiums. Income includes interest, dividends, business, employment, pensions, and other income.
- property valuation: If the total property tax base exceeds 540 million won, it is reflected in the calculation of insurance premiums. Property includes houses, land, buildings, etc.
- car evaluation: If you own a car over 3,000cc or worth over 40 million won, it will be reflected in the calculation of insurance premiums.
The insurance premium score is calculated based on this income, property, and automobile information, and the health insurance premium to be paid each month is determined based on this score. You can check the exact insurance premium amount through the ‘Premium Calculator’ on the National Health Insurance Corporation website.
