Is it okay to pay only old-age insurance and not medical insurance?

It is ok to pay only endowment insurance and not medical insurance.

Paying only old-age insurance and not paying medical insurance does not affect retirement, but it still has a great impact on its own medical security. Some people say that medical insurance can handle residents' medical insurance at the same time as employee pension insurance, which is also a way to save payment costs. However, due to the relatively low medical insurance contributions of urban and rural residents and the relatively low reimbursement amount, the payment period cannot be calculated cumulatively. Although it is helpful to the current medical reimbursement, it is not cost-effective to continue to enjoy the medical reimbursement treatment after retirement in the long run.

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

Old-age insurance will take effect automatically after the elderly within the legal scope completely or basically withdraw from social labor life. The so-called completeness is manifested in the separation of workers and means of production; The so-called basic means that participation in production activities has not become the main content of social life. The legal age limit is a practical measure.

Article 72 of the Labor Law of People's Republic of China (PRC) determines the sources of social insurance funds according to the types of insurance, and gradually implements overall planning. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.