You don't have to pay medical insurance every year. Where is the last sum of money?

Medical insurance has to pay money every year, no need, where is the last money?

Medical insurance is a social insurance system, which aims to provide medical security for citizens. The annual medical insurance fee is usually included in the national medical insurance fund, which is managed and used by the state.

When the insured needs medical services, they can use medical insurance cards or social security cards to pay medical expenses in designated medical institutions and pharmacies. The medical insurance fund reimburses and compensates medical expenses according to different types of insurance and coverage.

If the insured has never used medical insurance, the medical insurance expenses paid by him will always be accumulated in the medical insurance fund. These accumulated funds will be used to pay the medical expenses of other insured persons or to improve the medical security level of the whole society.

The money paid by medical insurance every year, if not used, will eventually accumulate in the balance of personal accounts. For those who pay employees' medical insurance, because employees' medical insurance contributions are paid monthly, which is several hundred dollars per month, although the part paid by the company for us is no longer included in the personal account, the part paid by the individual will be accumulated in the balance of the personal account. The money in the personal account has always been our own and will not be hollowed out because there is no medical expenses.

The above information is for reference only. If necessary, it is recommended to consult the relevant staff.

To sum up:

Medical insurance has to pay every year. If not, the money will eventually be included in the management and use of the national medical insurance fund. If you need medical services, you can use the medical insurance card or social security card for reimbursement and payment. The accumulated funds will be used to improve the medical security level of the whole society.

Legal basis:

Article 23 of the Social Insurance Law of People's Republic of China (PRC): Employees shall participate in the basic medical insurance for employees, and both employers and employees shall pay the basic medical insurance premium in accordance with state regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

Article 61 of the Social Insurance Law of People's Republic of China (PRC): Social insurance premium collection agencies shall collect social insurance premiums in full and on time according to law, and regularly inform employers and individuals of the payment.