Do I need to open my medical insurance card into a bank card?

Yes, the medical insurance card needs to be opened as a bank card. What I mean here is that the financial function of the social security card needs to be opened before it can be used as a bank card. The specific activation method is:

1. Users need to bring their ID cards and social security cards to the corresponding local bank outlets to activate the social security card financial account, and they can use it after activation.

2. However, in some cities, financial accounts can be activated by transfer, and money can be directly transferred to the financial account of social security card, which can be automatically activated after being transferred to the financial account.

United Bank of Ministry of Human Resources and Social Security has launched a social security card. You can be a medical insurance card or a bank. There is a bank card account number on the social security card. After activation, it can be used as a debit card to realize cash deposit and withdrawal, financial purchase and so on.

Social security cards are used as bank cards:

1. Collection of pension, unemployment benefit, work injury allowance and employment allowance

To receive pensions at retirement age, pensions in many areas are directly sent to the financial accounts of social security cards, and money is withdrawn through the financial accounts of social security cards. Those who apply for unemployment benefits, work-related injury allowances and employment subsidies will be distributed to the social security card accordingly, which can be collected through the financial account of the social security card.

2. Deposits and withdrawals

After the financial account of the social security card is activated and opened, it is the same as the bank card and can deposit and withdraw money. The financial account of social security card belongs to the first-class card, and there is no restriction on the deposit and withdrawal funds of the first-class card. Cash deposited in the social security card financial account has current interest, and users can transfer it to a fixed term according to their own needs.

3. Handling deposit and withdrawal or payment functions

You can directly use the social security card to deposit and withdraw money at the ATM of the bank, you can also bring the social security card and ID card to the counter of the corresponding bank business outlets, and you can also use the payment function of the social security financial account.

4. Procurement financial management

The bank's wealth management products can be purchased with the social security card wealth management account. You can go to the bank counter or log in to the mobile banking to which the social security card belongs, and then purchase wealth management.

Legal basis:

People's Republic of China (PRC) social insurance law

Twenty-third employees should participate in the basic medical insurance for employees, and the employer and employees shall jointly pay the basic medical insurance premium in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.