Taiwan Increases Maximum Health Insurance Premium Contribution

Taiwan's National Health Insurance Administration has published new payroll brackets for health insurance premium contributions, which are effective from 1 July 2022. The payroll brackets provide the salary basis used in determining the premium contribution amount based on progressive brackets/income tiers of actual monthly salary.

The general formula used to calculate premiums for individuals is as follows: Salary Basis x insurance premium rate x contribution ratio x (1 + number of depende…