Taipei, Nov. 21 (CNA) A plan to revise Taiwan's National Health Insurance (NHI) premiums has been mapped out to reflect a 5 percent hike in the monthly minimum wage nationwide set to come into effect next year, the National Health Insurance Administration said Wednesday.
The monthly minimum wage in Taiwan is to be increased from NT$22,000 (US$714) to NT$23,100, with effect from Jan. 1, 2019, the Ministry of Labor announced in September.
Under the revised NHI premiums, which are set as a proportion of an individual's income, 120,000 individuals whose monthly salary ranges from NT$22,801-NT$23,100 and whose basic salary (the amount on which premiums are calculated) is NT$24,000 are expected to see their monthly premium cut by NT$13 because their basic salary will be revised down to NT$23,100.
Meanwhile, 3.17 million income earners whose basic salary is NT$22,000-NT$22,800 will see their monthly premium increase by NT$4-NT$57 because their basic salary will be revised up to NT$23,100.
In addition, about 50,000 ward, village and neighborhood chiefs whose basic salary will be increased from NT$36,300 to NT$38,200 will see their monthly premium increase by NT$57.
Moreover, around 5,000 self-employed and independent professionals and technical specialists whose basic salary will be increased from NT$27,600 to NT$28,800 will also see their monthly premium rise by NT$57.
The revisions are expected to boost NHI premium collection by an estimated NT$2.6 billion per year, said administration official Lu Li-yu(???).
The premium revision plan is expected to come into effect in tandem with the hike in the monthly minimum wage after it receives Cabinet approval.
Source: Focus Taiwan News Channel