Is it illegal to cash out medical insurance?

Legal analysis: There are only two situations in which the cash in the medical insurance card can be transferred out through formal channels.

1. If the insured dies suddenly, his successor can withdraw all the money, principal and interest from his medical insurance card. If an heir participates in medical insurance, he can transfer it to his own medical insurance card by transfer.

2. If the insured person needs to leave the insured city, he must stop the insurance card before withdrawing money from the account. However, if this person has been insured in other cities, he must transfer the money in the deactivated medical insurance card to a new account by means of transfer.

It is illegal to withdraw cash from the medical insurance card in any other way.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Twenty-eighth medical expenses that meet the basic medical insurance drug list, diagnosis and treatment items, medical service facilities standards and emergency treatment and rescue shall be paid by the basic medical insurance fund in accordance with state regulations.

Article 88 Anyone who defrauds social insurance benefits by fraud, forgery of certification materials or other means shall be ordered by the social insurance administrative department to return the defrauded social insurance benefits, and shall be fined at least two times but not more than five times the amount defrauded.