What does the medical insurance agency mean?

Medical insurance agencies refer to specialized agencies responsible for the management and implementation of the medical insurance system.

Medical insurance agencies are specialized agencies responsible for undertaking various businesses of medical insurance. Its main responsibilities include the collection and management of medical insurance funds, signing service contracts with designated medical institutions and retail pharmacies and supervising their performance, being responsible for the settlement and payment of basic medical insurance premiums, and compiling the budget and final accounts of basic medical insurance funds.