Gov't to raise health insurance premium by 0.9% in 2016

The government is set to increase health insurance premiums next year.

The Ministry of Health and Welfare announced on Monday that it will raise the medical insurance premiums by 0.9% in 2016.

Under the new policy, the monthly average cost for health insurance per employee will increase 879 won ($0.78) from 97,630 won.

Those locally insured will have to pay 765 won more on average per month.