"Thirteenth Five-Year Plan" endowment insurance

The "Thirteenth Five-Year Plan" proposes that maternity insurance and basic medical insurance should be merged to realize the national overall planning of employees' basic pension. "Five insurances and one gold" is expected to be simplified into "four insurances and one gold" in the future. Experts said that the merger of maternity insurance and medical insurance means that in the future, "five insurances and one gold" will be streamlined into "four insurances and one gold", which also creates space for the downward adjustment of medical insurance rates. At present, the coverage of maternity insurance is not high, and the maternity insurance funds in various places generally have a balance. After the merger of maternity insurance and medical insurance, the scope of maternity insurance payment will be expanded, and the fund balance will be used for medical insurance expenditure. The merger of the two insurances can also reduce the operation and management costs. Some experts said that the proportion of pension insurance contributions should be reduced from some areas to the whole country. In addition to the national overall planning of basic old-age insurance pensions, it is also necessary to improve the transfer of state-owned capital and enrich the social security fund mechanism to provide fund financing guarantee for reducing the possible income and expenditure gap of social security rates. National pension planning needs to set up a transitional pension. To achieve national overall planning is to adjust funds in areas with more fund balances such as Guangdong to areas with less balance or even insufficient income. It is expected that a transitional period will be set up after the national pension planning, so that all localities can set different rates according to the actual situation, and then gradually narrow their differences to national unity, thus gaining the support of all parties and reaching a consensus to the greatest extent.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.