From the January premiums this year, the upper limit on wage-based monthly premiums for workplace subscribers will be raised to 9,183,480 won per month. This is up 175,140 won from last year's 9,008,340 won.
Because health insurance premiums are split equally between employees and companies, the cap on the monthly premium that an ultra–high-income employee pays from actual salary will rise from 4,504,170 won to 4,591,740 won. That means 87,570 won more per month, or about 1.05 million won a year.
The Ministry of Health and Welfare late last year issued a revision to the notice on the "upper and lower limits of monthly health insurance premiums" reflecting these changes.
The cap on the "income-based monthly premium" charged to employees who have additional income such as interest, dividends, and rental income beyond wages will also be raised to the same amount. Because the income-based monthly premium is borne entirely by the individual, high-income employees who hit the cap based on that income alone will have to pay 4,591,740 won each month for this item starting this year.
For ultra–high-income earners whose wages and side income both hit the cap, the combined wage-based and income-based monthly premiums will result in health insurance payments well over 9 million won each month.
This adjustment of the cap was calculated based on the average wage-based monthly premium for workplace subscribers in 2024.
Meanwhile, the lower limit on premiums will also rise slightly. The monthly lower limit for both workplace and regional subscribers will increase by 380 won, from 19,780 won last year to 20,160 won this year.