Health insurance premiums are reasonable: Minister
The benefits covered by voluntary health insurance are “relatively comprehensive”, while the current rates of insurance premium are “relatively low” compared to countries with similar socio-economic conditions, said Health Minister Đào Hồng Lan. The minister responded to the concerns raised by citizens from several provinces regarding the ‘excessively high’ rate of voluntary health insurance premium and the need to reduce them to alleviate the economic burden on the public.
Under Decree No. 146/2018/NĐ-CP and supplements Article 13 of the Health Insurance Law, household contribution rates are as follows: the first person contributes 4.5 per cent of the base salary, the second, third and fourth contribute 70 per cent, 60 per cent and 50 per cent, respectively, of the first person’s rate and from the fifth person onward, the contribution rate is 40 per cent of the first person’s rate.
From July 1, 2024, the base salary increased from VNĐ1.8 million to VNĐ2.34 million (US$70.7 to US$92) per month, resulting in changes to household health insurance premium rates.
