Click here to Take Me Back To Part One to find out how the system works... Previously, we learned that by law, those who live and work in Japan must join government insurance schemes. Most employees get ”Social Insurance”, which includes Health Insurance and Pension. Social Insurance is a fixed percentage and comes [...]
By law in Japan every person must pay into the government health insurance and pension scheme unless exempted. These are arguably large financial obligations. They cost a typical worker hundreds of thousands of yen per year, and the premiums are increasing. During Fiscal Years 2013-2017, premiums for Social Insurance (including health care and pension) increased, [...]