Is there a conflict between commercial insurance and social security? What's the difference between them?

Many people will buy commercial insurance after buying social security, but many people are worried that there will be conflicts between the two. So, is there a conflict between commercial insurance and social security? Let's get to know each other!

Is there a conflict between commercial insurance and social security?

Social security and commercial insurance are complementary and do not conflict. Commercial insurance and social security are both insurance, but the coverage is different. However, in reimbursement, we should follow the principle of social security first and commercial insurance later. After social security reimbursement and social basic medical insurance reimbursement, the remaining medical expenses and commercial medical insurance shall be reimbursed according to the contract.

What's the difference between commercial insurance and social security?

1 has different properties.

Social insurance is enforced by national legislation and belongs to government behavior; Commercial insurance is a commercial act and a civil contract between the insurer and the insured, which embodies the freedom of the parties and is not mandatory.

2 different purposes

Social insurance is not for profit; However, the purpose of commercial insurance is to obtain profits, and on this premise, to give the insured economic compensation.

3 Different sources of funds

Social insurance is generally shared by the state, employers and individuals; Commercial insurance is entirely borne by the insured, and the state and the employer will not pay.

4 different responsibilities of the government.

Social insurance is the basic right enjoyed by citizens, and the government bears the ultimate responsibility for social insurance; Commercial insurance is restricted by market competition mechanism, and the main responsibility of the government is to supervise commercial insurance according to law and protect the interests of policyholders.

5 different levels of protection

Social insurance payment is based on the insured's payment period (working years), on-the-job salary level and other conditions, and is paid according to regulations, with the premise of ensuring the most basic life; Commercial insurance premium is paid according to the signed economic contract. As long as the insurance conditions are met, the insured can get a high level of protection.

6 The subject and object of implementation are different.

Social insurance is established by governments at all levels, responsible for fund raising, payment and management, and targeted at social members within the legal scope; Commercial insurance is operated independently by insurance companies at all levels, and the applicant can be anyone who meets the underwriting conditions.