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National health insurance service

Korean Social Security System

National Health Insurance Corporation

Health Security System

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National Health Insurance Program

As a compulsory social insurance, the Korean health insurance covers the whole population living in the country. Major sources of financing are contributions from the insured and government subsidy.

Medical Aid Program

The government’s medical aid program is a form of public assistance scheme to secure the minimum livelihood of low-income households and to assist with self-help by providing medical services.

Long-Term Care Insurance Program

In July 2008, the long-term care insurance service for the senior citizens had been introduced to meet the needs of senior citizens who have difficulty of living their daily lives due to geriatric disease and relieve the financial burden of family.

Health Insurance System

  1. Objectives
    "Satisfy the medical needs of people who wish to live decent lives as human beings.
    • Resolve the medical expense problem. → Protect public health and household budgets.
    • Redistribute income and disperse risk. → Strengthen social solidarity and promote social integration.
  2. Function and Role
    • Social solidarity
    • Sharing health care expenses reasonably and providing insurance benefits equally.
    • Risk dispersion and income redistribution
  3. Features
    • Compulsory Insurance: Compulsory subscription by the law
    • Short-term insurance: Increase in annual financial balance and short-term payment
    • Contribution payment according to the level of household’s income and property
    • Equal Insurance Benefits
    • Compulsory collection of contribution