Long-Term Care Insurance Premium Rates to Rise Next Year... Average Household to Pay 1,100 Won More per Month

Next year's long-term care insurance premiums will increase by an average of 1,100 won per subscriber household per month.

Instead, the monthly utilization limit for in-home benefits will be increased by up to 378,500 won, allowing seniors with severe conditions to receive care at home without entering nursing facilities.

The Ministry of Health and Welfare held the 5th Long-Term Care Committee and resolved the "2027 Long-Term Care System Improvement Action Plan, Fee Schedules, and Insurance Premium Rate Proposal," which raises the long-term care insurance premium rate relative to income from 0.9448% this year to 0.9994% in 2027, an increase of about 5.8%.

Long-term care insurance is automatically joined by National Health Insurance subscribers, who pay a portion of their health insurance premiums as long-term care insurance premiums.

Due to the increase in the long-term care insurance premium rate, the monthly average insurance premium per subscriber household is projected to rise by 1,100 won (5.8%), from 19,029 won this year to 20,129 won in 2027.

The long-term care insurance premium rate relative to the health insurance premium for next year is set at 13.9%. Since the long-term care insurance premium is calculated by multiplying the health insurance premium by this rate, assuming a health insurance premium of 100,000 won per month, the long-term care insurance premium would be 13,900 won.

After being frozen in 2025, the long-term care insurance premium rate will be increased for two consecutive years, this year and next year.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.