42. I reported adjustment to my insurance salary in January, why has it not affected the insurance premium for that month? Why is the amount payable by the unit shown on the payment slip more than that listed on the Table of Shared Insurance Premium?
- Because when insured units apply for adjustment to insurance salary for their employees, such adjustment is effective as of the first day of the next month after the reporting day (based on the postmark). Therefore, the amount shown on the insurance premium payment slip for the month remains unaffected. The adjustment will be reflected on the payment slip for the next month after the reporting day.
For example, if adjustment to employees' insurance salary is reported via post from January 1 to 31, 2019 the adjustment is effective as of February 1, 2019.
- (1) The unit-payable amount displayed on the Table of Shared Insurance Premium excludes occupational accident insurance premium
Labor insurance premium comprises ordinary insurance premium and occupational accident insurance premium, the latter of which is paid in full by the insured unit. The occupational accident insurance premium rate is divided into two types: Business Category Accident Premium and On and Off Duty Accident Premium, the former of which is formulated according to the degree of danger of the business category and the occurrence rate of the occupational accident. Businesses involving higher risk of occupational accident incur higher Business Category Accident Premium. Therefore, the occupational accident insurance premium rate for different businesses and industries differ. Hence, the unit-payable amount displayed on the Table of Shared Insurance Premium excludes occupational accident insurance premium. The insured unit can add the occupational accident insurance premium (occupational accident insurance premium rate based on the insured person's insurance salary) to the unit-payable amount displayed on the Table of Shared Insurance Premium, which is the unit-payable amount printed on the insurance premium payment slip.
(2) Insurance premium is calculated according to the actual number of days of insurance coverage for the month and starts from the day of enrollment to the day of termination. Following adjustment to insurance salary, the insurance premium is effective starting from the first day of the next month after the insurance salary adjustment sheet is delivered to the Bureau. If the insured unit deducts the insurance premium according to the aforementioned principle, the amount shall be identical to that calculated by the Bureau. If there is discrepancy, please verify the amount reflected in the insurance premium payment slip, under the section, List of Insured Person Insurance Premium Subjected to Change in this Month. If there is a discrepancy, the insured unit may request the Bureau to conduct investigations. If the investigation verifies the amount as erroneous, the Bureau shall rectify it when calculating the insurance premium for the next month.