What is the financial function of social security card?

Legal analysis: 1. The insured can realize the immediate settlement of local and cross-regional medical insurance expenses through the social security card.

2. You can use this card to pay social endowment insurance fees for urban and rural residents and receive pension benefits.

3. You can also enjoy debit card financial services such as personal cash deposit and withdrawal in the bank.

4. The use of financial social security cards will be gradually extended to human resources and social security business.

5. Financial social security cards support information services such as diagnosis and treatment, hospitalization registration and drug purchase.

Legal basis: Article 3 of the Social Insurance Law of People's Republic of China (PRC) adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.