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Business Topic

Premiums

  1. Farmer Insurance
    The premium rates for farmers’ health insurance are established by the central competent authority and approved by the Executive Yuan. After the implementation of the National Health Insurance on March 1, 1995, the premium rate thereof is 2.55% and the monthly insured amount is NTD10,200. With effect from February 10, 2023, the monthly insured amount has been adjusted to NTD20,400. The premium rate remains unchanged. 30% of the premium is paid by the insured with the remaining 70% subsidized by the government. Calculation method of the monthly premium payable by the insured persons: Monthly insured amount x premium rate x percentage of the premium payable by the insured person. The monthly premium payable by the insured person, therefore, shall be: NTD20,400x2.55%x30%=NTD156 (After the adjustment of the insured amount on February 10, 2023, the additional premium to be paid by the insured persons shall be subsidized by the central competent authority.)
  2. Farmer Occupational Insurance
    The pilot operation of the Farmer Occupational Injury Insurance was launched on Nov. 1, 2018. The premium rate is 0.24% and the monthly insured amount is NTD10,200. With effect from February 10, 2023, the monthly insured amount has been adjusted to NTD20,400. The premium rate is 0.19%. 60% of the premium is paid by the insured with the remaining 40% subsidized by the government. Calculation method of the monthly premium payable by the insured persons: Monthly insured amount x premium rate x percentage of the premium payable by the insured person. The monthly premium payable by the insured person, therefore, shall be: NTD20,400x0.19%x60%=NTD23 (After the adjustment of the insured amount on February 10, 2023, the additional premium to be paid by the insured persons shall be subsidized by the central competent authority. The subsidy period shall be three years.)
Last Update:2023-03-13
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