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What does the medical insurance payment base of 5000 mean?

The social security payment base of 5000 yuan means that your average monthly salary last year was 5000 yuan.

According to the query industry encyclopedia, the social security payment base of 5000 means that your average monthly salary last year was 5000 yuan, which means that when you pay this year, multiply this value as a percentage by the payment ratio, and the calculated product is the cost you need to deduct for social security. For example, the proportion of individuals paying endowment insurance is 8%, and the social security payment base is 5,000 yuan, so the cost of individuals paying endowment insurance is 5,000 * 8% = 400 yuan.

Medical insurance generally refers to basic medical insurance, which is a social insurance system established to compensate workers for economic losses caused by disease risks. The medical insurance fund is established through the contributions of employers and individuals. After the insured person has medical expenses, the medical insurance institution will give certain economic compensation.