A certain percentage of company-paid medical insurance goes into a personal account. The money paid by the company goes into the public account, and the reimbursement for hospitalization and outpatient services comes out of it.
Generally within 3 months of the interruption, renewed, regardless of whether or not to pay, health insurance to be effective in the month following the renewal. If you have a break of more than 3 months, your health insurance won't go into effect until 6 months after you renew.
Medical insurance refers to the national legislation, in accordance with the principle of compulsory social insurance basic medical insurance premiums should be paid by the employer and the individual employee on time and in full. Those who do not pay in full and on time will not be counted in their individual accounts, and their medical expenses will not be paid by the basic medical insurance fund.
Medical insurance, like other types of insurance, is also a contractual way to collect medical insurance premiums in advance from people threatened by illness, to establish a medical insurance fund; when the insured person falls ill and goes to a medical institution and incurs medical expenses, the medical insurance organization will give some financial compensation.
Expanded Information:
Composition of social health insurance: the contribution base is M: employee's wage income + allowances. The unit pays 8%M per year; the individual employee pays 2%M per year;
The unit pays 8%M:6.6%M to 7%M into the co-ordinated account (1%M to 1.4%M into the individual account)--inpatient costs; the individual pays 2%M of salary:2%M into the individual account (plus the unit pays 1%M to 1.4%M)--outpatient costs.
Note: Hospitalization costs are reimbursed from the coordinated account and the amount is the same for each person; outpatient costs are deducted from the individual account (i.e., the health insurance card) and are not the same for each person.
Baidu Encyclopedia-Medicare