Is there interest on money in social security accounts

There is interest on money in social security accounts.

China has social security personal contribution interest, the money in the personal account has interest, and the interest is not low. Employees of the five insurance and one gold, individuals need to contribute to the pension insurance, medical insurance, unemployment insurance and provident fund. Both pension insurance and medical insurance have individual accounts. The money in the medical insurance individual account can be used to buy medicines at pharmacies, pay for outpatient services, and pay for the out-of-pocket portion of hospitalized medical fees with a medical insurance card. The money in the medical insurance personal account bears interest at the call rate.

The difference between the first, second and third class of social security is as follows:

1. The principle of medical treatment is different:

(1) The first class of insured people, the city of any certain point of medical institutions;

(2) The class of insured people, outpatient in the bound social health center, inpatient in the city of any certain point of medical institutions, outpatient major illnesses in the provisions of the medical institutions;

(3) For third-tier participants, outpatient treatment is provided at the bound community health center, and inpatient and outpatient major illnesses are treated at prescribed medical institutions.

2, general outpatient treatment is different:

(1) the first class of participants: the person's personal account is used to pay for the participant's general outpatient medical insurance catalog range of medical expenses. The basic medical expenses of the community health center, 70% paid by the individual account, 30% paid by the integrated fund in accordance with the provisions;

(2) the second class of participants/third class of participants:

belonging to the Class A drugs and Class B drugs, respectively, by the community outpatient coordinated fund by 80% and 60% of the ratio; belonging to the medical insurance catalog of single diagnosis and treatment or medical materials, by the community outpatient coordinated The fund pays 90%, but the maximum amount of payment shall not exceed 120 yuan; the total outpatient medical expenses paid by the community outpatient coordinating fund to each participant of the second and third gears shall not exceed 1,000 yuan in a medical insurance year.

3. Hospitalization treatment is different:

(1) First-tier participants: 95% or 90% of basic medical expenses and local supplementary medical expenses incurred in hospitalization will be paid above the starting line according to regulations.

(2) Second-tier participants/third-tier participants: they can be hospitalized in the settlement hospitals of the bounded social welfare centers or referred to the prescribed hospitals by the settlement hospitals, and the reimbursement ratio for the part of the basic medical expenses and local supplementary medical expenses incurred above the hospitalization thresholds is as follows: first-tier hospitals: 85%, second-tier hospitals: 80%, and third-tier hospitals: 75%.

Legal basis: Article 2 of the Social Insurance Law of the People's Republic of China

The state establishes a social insurance system for basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., and guarantees the right of citizens to receive material assistance from the state and society in the event of old age, sickness, industrial injury, unemployment and maternity, etc. in accordance with the law. The right to receive material assistance from the State and society in cases of old age, sickness, industrial injury, unemployment and maternity.

Article 28

Medical expenses that conform to the basic medical insurance drug list, diagnostic and therapeutic items, standards of medical service facilities, as well as those for emergencies and rescues, shall be paid out of the basic medical insurance fund in accordance with state regulations.