Reduce health insurance premiums for students up to 252,720 VND/year

Students nationwide will receive at least 50% state support for their health insurance premiums. This is the highest level of support ever, helping to reduce the financial burden on many families.

According to Vietnam Social Security (VSS), Decree 188, effective from August 15, details and guides the implementation of a number of articles of the new Health Insurance Law issued by the Government , with new content that is to increase the level of health insurance support for students.

Initial health check-up for students at an elementary school

PHOTO: THUY HANG

Specifically, the Decree states that from July 1, students nationwide will receive a minimum of 50% of their health insurance premiums from the state budget. Compared to before, the health insurance premium support for students has been increased from 30% to a minimum of 50%. This is the highest level of support ever for this group of subjects.

Specifically, the monthly health insurance premium for students is calculated at 4.5% of the basic salary. Currently, the basic salary is 2.34 million VND/month (according to Decree No. 73/2024/ND-CP).

The health insurance premium for a student in one year is: 4.5% × 2,340,000 × 12 months = 1,263,600 VND/year.

With the new minimum support level of 50% from the state budget, students only have to pay a maximum of 631,800 VND/year. Compared to the previous payment level, students will receive an additional reduction of 252,720 VND/year.

Students can choose the following methods of paying health insurance:

Pay annually (12 months): 631,800 VND/year.

Pay for 6 months: 52,650 VND/month × 6 months = 315,900 VND.

Pay for 3 months: 52,650 VND/month × 3 months = 157,950 VND.

Every 3, 6, and 12 months, students or their parents or guardians are responsible for paying health insurance to the insurance agency.

Students studying at educational institutions or vocational training institutions under ministries and central agencies will receive support from the central budget.

For students studying at educational institutions or other vocational training institutions, the local budget, including the central budget support (if any), where the educational institution is located, will support them, regardless of the student's permanent residence.

Source: https://thanhnien.vn/giam-tien-dong-bhyt-cho-hoc-sinh-sinh-vien-len-toi-252720-dong-nam-185250730171641212.htm