Medical insurance refers to the basic medical insurance premium paid in full and on time by employers and employees according to the principle of compulsory social insurance through national legislation. If it is not paid in full and on time, the basic medical insurance fund will not pay its medical expenses regardless of individual accounts.
Medical insurance is insurance to compensate medical expenses caused by diseases. Social insurance in which employees are provided with necessary medical services or material assistance by society or enterprises due to illness, injury or childbirth. For example, free medical care and labor insurance medical care in China. The medical expenses of employees in China are shared by the state, units and individuals to reduce the burden on enterprises and avoid waste. Insurance liability accidents need to be handled, and the insurance money will be paid in proportion.
The process of paying social medical insurance premium at retirement:
If the men who pay the basic medical insurance premium at retirement are less than the 25th anniversary and the women are less than the 20th anniversary, they must pay the basic medical insurance premium for the above years in one lump sum with the payment base at retirement, and enjoy the basic medical insurance benefits for retirees.
According to the Detailed Rules for the Implementation of the Basic Medical Insurance for Urban Employees, when the insured reaches the statutory retirement age, the accumulated payment period (including deemed payment period) must reach 25 years or more, and if the payment period (including deemed payment period) is less than 25 years, they can enjoy the basic medical insurance benefits for retirees after 25 years.
As a flexible employee, he/she can enjoy the basic medical insurance benefits for retirees only when he/she reaches the national statutory retirement age, the payment period (including deemed payment period) must be more than 25 years, and the actual payment period is 10 years.
If the payment period (including deemed payment period) is insufficient when the insured goes through the formalities of on-the-job retirement medical insurance, they can enjoy the basic medical insurance benefits for employees when they go through the formalities of on-the-job retirement medical insurance, based on the average monthly salary of employees in urban units in Fuzhou last year and after making up the payment ratio of 10%. The medical insurance premiums paid are included in the overall fund, and only the payment period is calculated, not included in the personal account.