Vehicles with less than 5 million won expand the benefits of calculating basic living income

Starting next year, passenger cars with exhaust emissions of less than 2,000 cc and a vehicle value of less than 5 million won will be counted as income when selecting recipients of basic living security and calculating the payment amount.

The Ministry of Health and Welfare announced an administrative amendment to the National Basic Livelihood Security System to lower the standard for calculating the value of automobile property for recipients of medical benefits.

To be selected as a recipient of basic living, household income recognition must be below a certain percentage of median income and cannot be supported even if there is no support obligation.When calculating the recognized income of

, in addition to the actual income, the amount of the property converted into monthly income is added, and the automobile applies an income conversion rate of 100% per month.

However, in the case of passenger cars with displacement of less than 1,600 cc and vehicle value of less than 2 million won, only part of the car price has been set as income, 4.17% per month.If the

notice is revised, the number of households with less than 5 million won will increase, and the amount of existing households will increase.