Medical insurance refers to China's basic medical insurance, including basic medical insurance for urban and rural residents and basic medical insurance for employees. Only employee medical insurance has a personal account for medical insurance. With the establishment of medical insurance outpatient economic security mechanism, all localities are gradually reducing the amount of individual medical insurance accounts in order to have enough funds to improve outpatient reimbursement. So how did the money from the medical insurance personal account come from? Let's get to know each other.

How did the money from the medical insurance personal account come from?

For employees' personal medical insurance accounts, the money mainly comes from employees' own medical insurance contributions. The medical insurance for employees shall be paid by the unit at the rate of 8%, and by the employees at the rate of 2%. The expenses paid by the unit enter the medical insurance pooling fund account, and the expenses paid by the employees enter the medical insurance personal account. The money in the individual medical insurance account of retired employees comes from the money returned from the medical insurance pooling fund account. Employees' medical insurance contributions reach the stipulated cumulative payment period, and they can enjoy the corresponding medical insurance benefits normally after retirement, and their personal medical insurance accounts are refunded monthly.

The cumulative minimum payment period of medical insurance for general employees is 30 years for men and 25 years for women; In some areas, the payment period is slightly looser, 25 years for men and 20 years for women. When the insured employees retire, the medical insurance does not reach the prescribed payment period, and they need to continue to pay back on an annual basis until they reach the prescribed payment period, or they can be directly converted into residents' medical insurance.

It should be emphasized that the money in the personal account of medical insurance is earmarked for special purposes and can only be used for medical expenses that need to be paid by individuals after purchasing drugs at designated pharmacies or medical insurance reimbursement. Of course, the personal account of medical insurance can be shared with family members.