What does medical insurance collection mean? Do I need to go to the bank?

1. Medical insurance collection is a special social security account established by you in the social security account of the social security center. Every month, you deposit the money that all employees should pay into this account, and the social security center will draw the medical insurance collection money away before the 20th of each month.

2. Go through the entrustment transfer formalities at the bank where the company opens an account, and submit a copy of the entrustment transfer agreement to the social insurance payment center. You go to the social security counter to make up the payment, print the payment notice at the social security counter, and then wait for the bank transfer.

Extended data:

1) Collection refers to a settlement method in import and export trade, in which the exporter draws a draft drawn on the importer, and the bank entrusting the exporter collects the payment from the importer through its branch or agent bank. Including D/P and D/A..

Collection belongs to commercial credit. When handling the collection business, the bank has neither the obligation to check whether the freight documents are correct or complete, nor the responsibility for the payer to pay. Although the collection is handled through the bank, the bank is only the trustee of the exporter and does not assume the responsibility of payment. The importer's failure to pay has nothing to do with the bank. Exporters still rely on importers' commercial credit to collect payment from importers.

2) Bank collection refers to a settlement method in which a bank processes financial documents or/and commercial documents according to the instructions of a client (usually an exporter) so as to make the payer (usually an importer) accept or pay, or hand over commercial documents through acceptance or payment, or hand over documents through other conditions.

Collection is divided into clean collection and documentary collection. Clean bill collection refers to the collection of financial documents without commercial documents, that is, only financial documents are entrusted to the bank for collection. Documentary collection refers to the collection of commercial documents with financial documents or commercial documents without financial documents

3) What is the difference between social security and medical insurance?

1. Social security card is an integrated circuit card (IC card) which is uniformly planned by the Ministry of Labor and Social Security and issued to the society by local labor and social security departments for various business fields of labor and social security.

Social security (individual) cards are issued to urban employees, unemployed people and retirees, and social security (employer) cards are issued to employers.

2. The medical insurance card, also known as the medical insurance card, is a functional card with a chip, which is used for identity confirmation and personal account payment of medical insurance when visiting a doctor or a pharmacy. Medical insurance card is a special card for personal account of medical insurance.

With the personal identity card as the identification code, the detailed information such as personal identity card number, name, gender, allocation and consumption of account funds are stored and recorded. The medical insurance card is undertaken by the local designated agent bank, which is a multi-functional debit card of the bank.