Glossary for Insurance Related Terms in Japanese
社会保険料 (shakai hokenryo), social insurance premiums, are mandatory contributions paid by both employers and employees to cover various social insurance programs. This typically includes health insurance, which provides medical care benefits to insured employees and their families. It also includes pension insurance, which ensures financial support for retired employees, as well as disability and survivors' benefits. Employment insurance offers benefits to unemployed individuals and provides support for job training and career development. Additionally, workers' accident compensation insurance covers medical costs and compensation for workers injured on the job.
Employers are required to register their employees for social insurance and deduct the appropriate premiums from their salaries. The contributions are typically split between the employer and the employee, with the employer bearing a larger portion of the cost.
保険料控除 (hokenryo kojo) means insurance premium deduction in Japanese. This is a tax deduction available in Japan for individuals who pay premiums for certain types of insurance. By claiming this deduction, taxpayers can reduce their taxable income, which in turn lowers their overall tax liability.
Insurance types that may qualify for this deduction include life insurance, earthquake insurance, and private pension insurance. To claim the deduction, taxpayers must submit relevant documentation, such as receipts or certificates of payment, when filing their annual tax return or during the year-end adjustment process through their employer.
保険料控除申告書 (hokenryo kojo shinkokusho) is the Insurance Premium Deduction Declaration Form. This form is used in Japan for declaring and claiming deductions for insurance premiums on your annual tax return. These deductions can apply to various types of insurance, such as life insurance, earthquake insurance, and private pension insurance.
By submitting this form, taxpayers can reduce their taxable income, thus lowering their overall tax liability. It is important to fill out the form accurately and provide the necessary documentation to support the claimed deductions. This form is typically submitted to the tax authorities or through your employer during the year-end adjustment process.
保険料控除証明書 (hokenryou koujo shoumeisho) is a certificate of insurance premium deduction in Japan. This document is issued by insurance companies to policyholders, confirming the amount of premiums paid within a specific period. It serves as proof for individuals when they file their income tax returns, allowing them to claim deductions for the premiums paid towards life, medical, or other qualifying insurance policies. The certificate helps reduce the taxable income, thereby lowering the overall tax liability. Understanding and utilizing the hokenryou koujo shoumeisho is crucial for taxpayers to ensure they receive the appropriate tax benefits for their insurance contributions.
差し引き保険料 (sashihiki hokenryou) refers to the net insurance premium. This is the amount of insurance premium that remains after deductions such as discounts, subsidies, or other adjustments have been applied to the gross premium.
For instance, if you purchase an insurance policy and the initial premium is ¥50,000, but you receive a discount of ¥5,000, the net insurance premium would be ¥45,000. This is the actual amount you need to pay for the insurance coverage after accounting for any applicable deductions. The term ensures clarity in the final amount payable by the policyholder.
マイナ保険証 (maina hokensho) refers the integration of the national health insurance card with the My Number Card, a personal identification card introduced as part of the My Number system (Social Security and Tax Number System in Japan).
The integration allows individuals to use their My Number Card as their health insurance card when visiting medical institutions. This integration aims to streamline administrative processes, reduce paperwork, and improve the efficiency of medical services.
To use the My Number Card as a health insurance card, individuals must register their health insurance information with the My Number Card. Once registered, they can present the card at hospitals, clinics, and pharmacies to verify their health insurance coverage, simplifying the process of accessing healthcare services. This system also facilitates the sharing of medical information among healthcare providers, enhancing the quality of care.
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