KB Securities Launches "Health Insurance Premium Arrears Support Program" for Vulnerable Groups
Now in Its Third Year Since 2024
Up to 500,000 Won per Person and Installment Payment Options Available
KB Securities announced on August 20 that it will launch the “Health Insurance Premium Arrears Support Program for Low-Income Vulnerable Groups” in cooperation with the Credit Counseling & Recovery Service, aiming to reduce medical care gaps and support economic self-reliance among vulnerable populations.
The “Health Insurance Premium Arrears Support Program for Low-Income Vulnerable Groups” was designed to provide a practical springboard for vulnerable youth who, due to increasing debt and overdue health insurance premiums for livelihood reasons, are unable to receive even basic medical services. Now in its third year since its initial launch in 2024, the program has expanded its support this year beyond young people to include various vulnerable groups experiencing difficulties such as welfare and employment issues.
Through this initiative, individuals from low-income vulnerable groups—who have finalized a debt adjustment with the Credit Counseling & Recovery Service and have arrears of up to 2.5 million won in health insurance premiums overdue for more than three months—will receive support of up to 500,000 won per person. In addition, through collaboration with the National Health Insurance Service, the remaining arrears can be repaid over a maximum period of 24 months through installment plans.
The company highlighted that overdue health insurance premiums not only pose risks such as financial transaction restrictions and asset seizures, but also limit access to medical care, making daily life and job-seeking activities for vulnerable groups much more difficult. In fact, some previous beneficiaries have successfully returned to economic activity through employment or starting their own businesses, demonstrating tangible results in supporting self-reliance.
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Jindu Kang, CEO of KB Securities, stated, “I hope that vulnerable neighbors who have fallen into the blind spot of the healthcare system due to overdue health insurance premiums will regain a basic social safety net and the courage to try again through this support. We will continue to spare no effort in helping those in need return to economic activity as members of society.”
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