When the insured reaches the legal retirement age, the accumulated payment reaches fifteen years, and he can receive the basic pension on a monthly basis; Or the insured person is sick and hospitalized, you can use the social security card to directly settle accounts with medical institutions and pharmacies.
First, how to manage the social security fund.
1, open source and reduce expenditure, pay attention to fund management and raise awareness.
2. Integrate social security agencies and reduce fund operation links.
3. Improve fund management efficiency and broaden fund investment channels.
4. Improve the supervision mechanism of social security funds and strengthen internal audit.
Second, the use of the money in the social security card:
If the insured reaches the legal retirement age and the accumulated payment reaches fifteen years, he can receive the basic pension from it every month; If the insured person is hospitalized and the medical expenses incurred are within the scope of reimbursement, he can carry social security cards and other materials directly to the designated hospitals or pharmacies for treatment.
The money in the social security card can't be taken out. If a person who participates in the basic old-age insurance dies, his legal heir may inherit the balance of his personal account, and the share of inheritance shall be agreed by the heir. In addition to inheritance, social security money cannot be spent in advance. 10.5 trillion social security fund's asset management will truly achieve legal compliance.
legal ground
People's Republic of China (PRC) social insurance law
Article 16
Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.
Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
Article 28
Medical expenses that meet the basic medical insurance drug list, diagnosis and treatment items, medical service facilities standards and emergency rescue shall be paid by the basic medical insurance fund in accordance with state regulations.
Article 29
The medical expenses of the insured shall be paid by the basic medical insurance fund, and shall be directly settled by social insurance agencies, medical institutions and pharmaceutical business units.
The administrative department of social insurance and the administrative department of health shall establish a settlement system for medical expenses in different places to facilitate the insured to enjoy the basic medical insurance benefits.