Excuse me; What about medical insurance, social security and old-age insurance?

Social insurance (social insurance for short) is the general name of compulsory insurance such as endowment insurance, medical insurance, unemployment insurance, housing accumulation fund and maternity insurance in a region. Paying social insurance is the obligation of every employer (obligation refers to compulsion and necessity). At the same time, individuals should also pay social insurance according to a certain proportion.

Medical insurance is a special medical social insurance system. After paying a certain percentage of insurance premium, employers and individuals will decide to enjoy medical insurance benefits according to different nature (generally referring to whether they are local accounts). For example, some places stipulate that citizens with non-local hukou can only enjoy hospitalization (about 90% of hospitalization expenses can be reimbursed) after paying medical insurance locally, but they do not enjoy outpatient medical care (that is, outpatient medical care must be paid at their own expense).

Endowment insurance refers to social insurance designed specifically for the insured to enjoy pension benefits after retirement. Generally, you can enjoy a monthly pension after paying a certain number of years. For example, someone who has paid 240 months of old-age insurance in a certain place can receive a certain amount of pension (retirement pension) every month after reaching the legal retirement age (60 years old for men and 55 years old for women) in the local area.

If you change jobs in an area, but the social security account number is unique, the money paid for social security is in your personal account and will not change. However, if it is trans-regional, it is necessary to go through the trans-regional social security transfer procedures.