TOKYO -- Japan will lower the income threshold for elderly individuals to pay a larger share of their medical costs, helping the country reduce the burden on working-age generations as baby boomers begin to reach the age of 75 in 2022.
Out-of-pocket medical expenses for individuals 75 and older will rise to 20% from 10% starting in October 2022 for those with annual income of at least 2 million yen ($19,200).
