SK MOHW Long-Term Care Benefit Rule

Published on: Feb 13, 2025

On Feb. 11, SK MOHW revised the criteria for long-term care benefits.

  • SK MOHW revised the Public notification on the criteria for providing long-term care benefits and methods for calculating benefits, re criteria for long-term care benefits.
  • Revisions include allowing provision of additional benefits equivalent to a certain portion of monthly limit amount for long-term care beneficiaries by grade; SK NHIS shall determine specific details like criteria for calculating the additional monthly limit.
  • Effectiveness
  • The revised notification is deemed effective from Feb. 11, 2025, except the revision re monthly limit and calculation criteria for home care benefits is valid from Mar. 1, 2025.
Regulators
SK MOHW
Entity Types
Ins
Reference
RF, Nt 2025-27, 2/11/2025;
Functions
Actuarial and Valuation; Claims/Accelerated Benefits; Compliance; Financial; Legal; Product Administration
Countries
South Korea
Category
State
N/A
Products
Insurance; Long Term Care; Payments
Rule Type
Final
Regions
AP
Rule Date
Feb 11, 2025
Effective Date
Mar 1, 2025
Rule ID
243282
Linked to
N/A
Reg. Last Update
Feb 11, 2025
Report Section
International