Next Year's Long-Term Care Insurance Rate 0.9082%... 898 Won Increase Per Household

[Asia Economy Reporter Kim Young-won] The long-term care insurance premium rate for next year has been finalized at 0.9082%.

The Ministry of Health and Welfare announced on the 13th that the partial amendment ordinance of the Enforcement Decree of the Elderly Long-Term Care Insurance Act, which sets the long-term care insurance premium rate for next year at 9,082 per million (0.9082%), was approved at the Cabinet meeting.

This amendment reflects the 2023 long-term care insurance premium rate (0.9082%) approved at the 5th Long-Term Care Committee meeting on September 23. It represents a 4.40% increase compared to this year, raising the average monthly insurance premium per subscriber household by 898 KRW.

Additionally, the method of calculating the long-term care insurance premium has been changed to multiply income by the premium rate, and this has been reflected in the amendment. The revised enforcement decree will take effect from January 1 of next year.

Long-term care insurance is a system that provides care services to people aged 65 or older, or those under 65 who have elderly diseases such as dementia or cerebrovascular disease and have difficulty living independently for more than six months. The amendment also includes a plan to expand eligibility for long-term care service applications by adding three diseases?Lou Gehrig's disease, multiple sclerosis, and others?to the recognized range of elderly diseases for those under 65.

Woo Kyung-mi, Director of the Long-Term Care Insurance System Division at the Ministry of Health and Welfare, stated, "We will strive to ensure that elderly long-term care insurance provides better long-term care services to more seniors and plays a central role in elderly care."

At the Cabinet meeting on the same day, a partial amendment to the Enforcement Decree of the Emergency Medical Service Act, which entrusts the operation of the Central Emergency Medical Center to the National Medical Center, was also approved. Following the revision of the Emergency Medical Service Act in December last year, the Central Emergency Medical Center was excluded from emergency medical institutions to function as a policy support institution rather than an emergency medical institution, and this amendment is a follow-up measure.

The Cabinet also passed a partial amendment to the Enforcement Decree of the Act on Overseas Medical Advancement and Support for Foreign Patient Attraction, extending the re-certification application period for foreign patient attraction institutions from three months before certification expiration to two months before. Furthermore, a partial amendment to the Enforcement Decree of the Organ Transplant Act was approved, providing the legal basis for the Korea Organ and Tissue Donation Agency to be entrusted by the state to carry out honor and support projects for organ donors and their families.

This content was produced with the assistance of AI translation services.