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Health Insurance Supply Duration and Penalties
The comprehensive health insurance law states that entities responsible for collecting premiums, such as employers and the National Social Insurance Authority, are obligated to transfer the premiums to the Insurance Authority within 30 days of collection, after deducting an agreed-upon percentage. In the event of delayed payments, an additional annual fee is imposed for the period of delay to ensure continued funding and delivery of services to beneficiaries. The law emphasizes the importance of adhering to these deadlines to guarantee the sustainability of the comprehensive health insurance system and to avoid financial penalties.
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