Do retirees have to pay long-term insurance?

Retirees have to pay long-term insurance.

Retirees need to participate in long-term care insurance while enjoying the basic old-age insurance benefits. Long-term care insurance is an insurance system that supports and protects disabled, semi-disabled and disabled people. As a part of it, retirees also need to pay the corresponding insurance fees according to the regulations. Long-term care insurance costs are shared by individuals and units, and the specific proportion and payment standards vary from region to region. Generally speaking, if the proportion of individual contributions is low, the unit will bear greater responsibility. Retirees have included the payment of basic old-age insurance in their retirement wages, while the cost of long-term care insurance is an extra cost.

The advantage of paying long-term care insurance for retirees is that once retirees need long-term care services, they can enjoy corresponding insurance benefits and reduce their economic burden. Long-term care insurance can provide nursing services, rehabilitation services, assistive devices, home care and other support to help retirees improve their quality of life and provide necessary health protection.

To sum up: according to the relevant policies and regulations in China, retirees need to participate in long-term care insurance and pay the corresponding insurance premiums. Only in this way can we get the corresponding nursing service and guarantee when we need it, and improve the quality of life. For specific payment standards and policy details, you can consult the local social security department or relevant institutions for more detailed information.

Legal basis:

Insurance Law of People's Republic of China (PRC) (revised 20 15);

Article 177

In case of violation of laws and administrative regulations, if the circumstances are serious, the the State Council Insurance Regulatory Authority may prohibit the relevant responsible persons from engaging in the insurance industry for a certain period of time or even for life.