Is the money in your personal account on your social security card zeroed out every year?

Social security card money, is your personal account, across the year is not zero, can be accumulated.

The so-called zero should mean this:

Administrative institutions, the payment of medical reimbursement account is zeroed out every year.

It means that each year you can reimburse you, for example, 200,000, but you have no record of reimbursement in 2012, 2013 you need to reimbursement will not be cumulative to give you 400,000, or only 200,000 calculated.

In 2012, you have already claimed 180,000, and in 2013, you can still claim up to 200,000, which is the meaning of zero.

The Chinese people*** and the country's social security card is by the Ministry of Human Resources and Social Security unified planning, by the local human resources and social security departments for social issuance, for human resources and social security business areas of the integrated circuit (IC) card.

The role of social security card is very broad. Cardholders can not only use the card to get medical treatment for real-time settlement of medical insurance personal account, but also for pension insurance affairs; for job-seeking registration and unemployment registration procedures; claim unemployment insurance benefits; apply for employment training; apply for labor capacity appraisal and claim for enjoyment of work-related injury insurance benefits; and handle related labor and social security affairs on the Internet.

Social insurance is a social and economic system that provides income or compensation for people who are incapacitated, temporarily out of work, or have suffered losses due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.

Social insurance scheme is organized by the government, which forces a certain group of people to form a social insurance fund by paying a part of their income as social insurance tax (fee), and the insured can get a fixed income or compensation for loss from the fund if certain conditions are met, it is a redistributive system, and its goal is to ensure the reproduction of material and labor force and the stability of the society.

In our country, social insurance is an important part of the social security system, and it is at the center of the whole social security system.

In addition, social insurance is a kind of contributory social security, the funds are mainly paid by employers and workers themselves, and the government financial subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their legal obligation to make contributions and meet the legal conditions.

Reference:

Medicare Fund: Risks Hidden in BalancesChinaPublishing.com

Social Security Baidu Encyclopedia