The National Health Insurance Service said it will link rental housing contract data with Korea Land & Housing Corporation (LH) and reflect it in calculating health insurance premiums. With LH rental tenants' jeon-se and monthly rent information reflected directly, some steps in the premium calculation process are expected to be streamlined.
The National Health Insurance Service and LH said on the 2nd that they signed a business agreement at the Seoul regional headquarters to link rental housing contract data. The service will receive rental housing contract data from LH every month, verify it, and reflect it in calculating regional subscriber health insurance premiums starting in July this year.
Currently, the service reflects the deposits and monthly rent of regional subscribers without homes in the premium calculation criteria and links confirmed date information through the Ministry of Land, Infrastructure and Transport and the Supreme Court. However, because LH rental housing often lacks a confirmed date due to the nature of public rentals, there have been many cases in which premiums were calculated based on market prices.
In such cases, subscribers had to separately file for jeon-se or monthly rent adjustment and submit supporting documents for the actual contract terms to be reflected in the premiums.
Going forward, as LH rental housing contract data is linked directly, premiums can likely be calculated in line with actual contract terms without separate adjustment requests. The service expects this to improve the accuracy of premium calculations for regional subscribers.