What is Medicare? What is social security?

Social insurance system is a social security system in which the state, through legislation, provides certain material assistance to social workers to protect their basic life when they temporarily or permanently lose their ability to work due to old age, illness, work injury, childbirth, etc., and when unemployment brings about a reduction in income.

Social security is the foundation, commercial insurance is complementary, the function of social security is commercial insurance can not be replaced, so in the conditions allow the premise, it is recommended to buy social security first, then consider commercial insurance. Click to find out: "With social security, what commercial insurance should I buy?

The main items of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance.

Medicare is one kind of social insurance.

The role of medical insurance: (1) Participants can enjoy the right to basic medical insurance for life after completing the number of years of contributions, and can enjoy medical reimbursement and medical insurance treatment after retirement. (2) The funds in the individual account of the medical insurance are used to pay for the out-of-pocket part of the expenses for medical treatment and purchase of medicines.

The main purpose of social insurance is to provide the most basic insurance protection for the employed workers. For example, medical insurance can help the insured to solve part of the medical expenses, and the reimbursement ratio of medical insurance in some areas is as high as 90%, which can relieve the economic pressure of the insured.