Korea’s foreigners face tighter insurance requirements: Report

Non-nationals will qualify for health insurance if their stay is at least six months.

To address concerns over the misuse of the health insurance system by foreign nationals, the requirement for foreign health insurance dependents in South Korea has been tightened to a minimum stay of six months.

This decision was made by the Health and Welfare Committee of the National Assembly in response to cases where foreigners designated relatives as dependents solely to enter the country for medical surgery or treatment.

The bill, proposed by Representatives Joo Ho-young and Song Eon-seok of the ruling People Power Party, stipulates that non-nationals must reside in South Korea for at least six months to qualify as health insurance dependents.

ALSO READ: Boston Consulting Group urges health insurers to do better

However, there are exceptions for immediate health benefits, including for dependents who are spouses, young children, or individuals with specific residency statuses such as marriage immigration, permanent residence, or studying abroad.

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit