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 15th, provides detailed regulations and guidance on the implementation of several articles of the new Health Insurance Law recently issued by the Government . A new provision is the increase in the health insurance contribution subsidy for students.

Initial health check-ups for students at a primary school.

PHOTO: THUY HANG

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

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

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

With the new minimum 50% subsidy from the state budget, students will only have to pay a maximum of 631,800 VND per year. Compared to the previous amount, students will save an additional 252,720 VND per year.

Students can choose from the following methods for paying health insurance:

Annual payment (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.

Students, or their parents or guardians, are responsible for paying health insurance premiums to the insurance agency every 3, 6, or 12 months.

Students studying at educational institutions or vocational training institutions under the direct control of ministries or central agencies are supported by the central government budget.

Students currently enrolled in educational institutions or other vocational training institutions will receive support from the local budget, including any central government support (if applicable), in the locality where the educational institution is located, regardless of the student's place of residence.

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