Article 58 (Advance Payment and Refund of Pension Insurance Premiums)

A person intending to pay pension insurance premiums in advance pursuant to Article 89 (2) and (3) of the Act shall apply for advance payment of pension insurance premiums in the manner prescribed by the Regulations of the Ministry of Health and Welfare. In this case, the advance payment period shall be within one year, but for persons aged 50 or older at the time of application for advance payment, it shall be within five years.

When the applicant pays the total estimated advance pension insurance premium amount under paragraph ②, the Corporation shall decide on the matters listed in the following subparagraphs each month, and in the case of an advance payment of one year or more, shall notify the applicant of the remaining advance payment balance in subparagraph 4. <Amended by Act No. 13701, Jul. 2, 2019> 1. The amount of pension insurance premium for the relevant month imposed on the applicant pursuant to Article 88 (2) of the Act during the advance payment period (hereinafter referred to as "confirmed premium" in this Article). 2. The amount reduced due to advance payment (calculated by multiplying the amount of the confirmed premium by the number of months of advance payment and 1/12 of the annual interest rate for one-year fixed deposits for the relevant period; hereinafter referred to as "confirmed reduction amount" in this Article). 3. The amount obtained by deducting the confirmed reduction amount from the amount of the confirmed premium (hereinafter referred to as "confirmed advance pension premium" in this Article). 4. The amount obtained by deducting the confirmed advance pension premiums up to the relevant month from the total estimated advance pension insurance premium amount (hereinafter referred to as "remaining advance payment balance").

When any of the following subparagraphs occurs, the Corporation shall decide to refund the remaining advance payment balance at the time of confirming the reason thereof, and the National Health Insurance Service shall refund it to the applicant. In the case of subparagraph 6, if the applicant agrees, the remaining advance payment balance may be offset against the pension insurance premium for one month to be paid in the future. In this case, Articles 73 (2) through (4) shall apply mutatis mutandis to the method of refund. <Amended by Act No. 13497, Nov. 29, 2016> 1. When the applicant dies. 2. When the applicant loses nationality or moves abroad. 3. When the applicant becomes ineligible for coverage under Article 6 of the Act (excluding cases where the applicant acquires eligibility for voluntary continued enrollment under Article 13 of the Act). 4. When the applicant receives an old-age pension, early old-age pension, or lump-sum refund under Article 61 or Article 77 (1) of the Act. 5. When all confirmed premiums for the advance payment period have been paid. 6. When the remaining advance payment balance becomes less than the confirmed advance pension premium. 7. When the applicant requests a refund.