Various refund and support programs are operated by the government and financial institutions, but many people miss out on these funds because they either do not apply or are unaware of their existence. From card points to tax refunds and health insurance reimbursements, checking these can lead to unexpected amounts of money being returned, making regular checks advisable.
A notable example is the cash conversion service for card points. Points scattered across multiple card companies can be checked through a consolidated inquiry service, allowing users to see which points can be converted to cash and deposited into their accounts. Since unused points expire after a certain period, it is wise to check them in advance.
National and local tax refunds are also significant examples of 'sleeping money.' Overpayments during the comprehensive income tax or year-end tax settlement processes can qualify for refunds, but individuals may not realize this unless they check themselves. National tax refunds can be verified through HomeTax, while local tax refunds can be checked via WeTax.
Health insurance refunds are another often-overlooked item. Individuals may receive refunds during the health insurance premium settlement process or if they qualify for the personal burden limit system, although some require an application process. Eligibility can be confirmed through the National Health Insurance Corporation's website or app.
It is also advisable to regularly check various support funds operated by the government and local governments. Programs targeting youth, small businesses, families with childbirth and childcare needs, and low-income households are available, but many miss out due to missed application periods. Government 24 allows for the integrated inquiry of some government support funds and refunds, and additional information can be found on the respective ministry and local government websites.
Experts advise, 'While some refunds and support funds are automatically disbursed, many require individuals to check and apply themselves. Regularly checking card points, tax refunds, and health insurance refunds can lead to unexpected amounts being returned.'
* This article has been translated by AI.
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