What are the consequences of cashing out social security?

Legal analysis: social security card cashing mainly refers to the medical insurance card cashing in social security cards. The money in the medical insurance card is paid by both individuals and units, and cannot be withdrawn except when it is used in the hospital or when buying medicine. This kind of cash-out behavior is illegal.

Legal basis: According to Article 266 of the Criminal Law of People's Republic of China (PRC), defrauding social security benefits such as pension, medical care, work injury, unemployment and maternity by fraud, forgery of certification materials or other means is an act of defrauding public and private property.