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South Korea's long-term care insurance premiums will rise next year, with the rate increasing by 0.76 percentage points, according to the Ministry of Health and Welfare. This translates to an average monthly increase of 1,100 won per insured household, the largest hike in six years since 2021. The insurance supports elderly people who struggle with daily life due to aging or illness, covering home care and facility costs, and is levied on all health insurance subscribers. Yonhap and Chosun Ilbo report the decision was made at the Long-Term Care Committee on October 30.