BUSINESS AS USUAL:Policyholders are to pay 30%, employers 40% and the government 30%, after the original numbers were altered following opposition from business groups

Taipei Times
Date: Jun 05, 2015
By: Alison Hsiao  /  Staff reporter

The Executive Yuan passed its draft act on long-term care insurance yesterday and called for its review and swift passage in the legislature to support the Long-term Care Services Act (長期照護服務法) which cleared the legislature last month.

The long-term care (LTC) insurance bill is one of two laws that are to regulate the nation’s LTC system, Minister Without Portfolio Joyce Feng (馮燕) said.

The LTC insurance system expected to be rolled out in two years and with the allocation of NT$110 billion (US$3.54 billion) in funds, “it is guaranteed that the welfare benefit promised by the new system would surpass what we have now,” Feng said.     [FULL  STORY]