SIIS - Comparison of 4 Major SIS's

Comparison of 4 Major SIS's
Item	NP (national pension)	HI (health insurance)	EI (employment insurance)	WCI (workers’ compensation insurance)
Year of enforcement	1988	1977(long-term care insurance for the aged additionally enforced as of July 1, 2008)	1995	1964
Insurance type	Income security Long-term insurance	Medical security Short-term insurance	Employment security Mid-term insurance	Workers’ compensation Short-term insurance
Payment conditions	Cash benefits Income-indexed	Cash benefits Uniformly-paid	Cash benefits Income-indexed	Benefits in kind : uniformly paid Cash benefits : income-indexed
Funding & management	Adjusted FS (funded system) Integrated management	PAYGS (pay-as-you-go system) Dualized manage-ment (workplace-based & non-work-place-based)	Adjusted FS	Net PAYGS
Management basis	Individually managed	Workplace & household	Workplace	Workplace
Overall responsibility for premium management	Minister of the MOHW	Minister of the MOHW	Minister of the MOEL	Minister of the MOEL
Eligibility management basis	Integrated manage-ment for workplace& non-workplace	Integrated manage-ment for workplace & non-workplace	Simultaneous management for both workplace & beneficiary	Simultaneous management for both workplace & beneficiary
Premium billing basis	Billed for each workplace or non-workplace (i.e. indi-vidually billed)	Billed for each workplace or household	Billed for workplace	Billed for workplace

MOHW : Ministry of Health & Welfare,MOEL : Ministry of Employment & Labor