Legal analysis: It means that if the insured person defaults on the payment of pension insurance premiums, the Social Security Bureau will collect the outstanding premiums.
Medical insurance pooling refers to the remaining portion of the medical insurance premiums paid by all employers in a certain pooling area for their employees after deducting them and transferring them to individual accounts.
The medical insurance overall fund belongs to all insured persons, is centrally managed by social insurance agencies, and is uniformly allocated and used. It is mainly used to pay for medical expenses, surgical expenses, nursing expenses, basic examination fees, etc. incurred by insured employees.
The medical insurance pooling fund shall be stored and used exclusively for special purposes, and shall not be misappropriated by any unit or individual.
Legal basis: Article 11 of the "Social Insurance Law of the People's Republic of China" Basic pension insurance implements a combination of social pooling and personal accounts.
The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.
Article 12 The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance overall fund.
Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.
Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund
and personal accounts.
Article 13 Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.
When there is insufficient payment from the basic pension insurance fund, the government will provide subsidies.