What are the "six risks" of social security and what is its function?

What are the "six risks" of social security?

The so-called long-term care insurance is mainly an institutional arrangement to provide nursing guarantee and economic compensation when the insured loses the ability of daily living, falls ill or dies in old age.

Long-term care insurance can be used as economic compensation for nursing expenses, mainly to pay the daily care expenses of the elderly, or the daily care expenses caused by illness or disability, which are generally divided into home care and institutional care.

The difference between medical insurance and medical insurance is that medical insurance mainly guarantees the expenses needed for medical treatment, while long-term care insurance is mainly used to guarantee the expenses paid for general life care, generally excluding medical intervention.

Why do you need social security "six insurances"

According to the latest data, the population aged 60 and above accounts for 18.75%, about 264 million people, and there are 42 million disabled people aged 60 and above. The lack of long-term care for the disabled has become an urgent social problem.

However, the current social pension reserve has begun to be tense, and it is still difficult for young people in the future to earn money for their old age.

What are the benefits of "sixth risk"

From the insured's point of view, if the disability lasts for more than 6 months, the insurance fund can pay about 70% of the nursing expenses after evaluation, which will greatly reduce the payment pressure of the insured.

The deeper significance is that long-term care insurance can also greatly reduce the expenditure pressure of the medical insurance system. Because if a large number of disabled people who need nursing stay in the hospital for a long time, it will not only occupy the medical resources of the hospital, but also increase the expenditure pressure of the medical insurance fund.

Does the "sixth risk" need commercial insurance?

Long-term paralysis in bed or inability to take care of yourself in life is nothing more than illness or accident. In order to cope with the risk of long-term disability, if you can make a good insurance portfolio, you can also effectively deal with it.

Therefore, in addition to social security, long-term medical insurance, critical illness insurance and accident insurance are all good combination models. When an accident comes, an extra guarantee can make people feel more at ease. Therefore, with different types of commercial insurance, when problems really come, we can deal with them more calmly.