Is it okay to pay only medical insurance and not old-age insurance?

Whether you can only pay medical insurance but not endowment insurance depends on the situation:

Whether you can only buy medical insurance but not old-age insurance depends on what kind of medical insurance and old-age insurance you buy and in what capacity.

1. Buy medical insurance for urban workers and endowment insurance for urban workers, not just one of them. According to relevant regulations, the employer must buy five insurances for employees, including basic medical insurance, basic old-age insurance, maternity insurance, industrial injury insurance and unemployment insurance. These five kinds of insurance are bundled, and employers can't buy less for employees;

2. If you participate in employee social security as a flexible employee, you can't just pay medical insurance and not pay for old-age care, because the two are also tied together;

3. However, if urban and rural residents buy medical insurance and endowment insurance at the same time, they can buy them separately, because urban and rural residents' endowment insurance and urban and rural residents' medical insurance are not tied together.

The main differences between individual social security and unit social security are as follows:

1, different in nature: companies are forced to pay social security. If there is a legal labor relationship, but the company fails to pay social security for urban workers as required, it is illegal. However, if flexible employees pay social security by themselves, it is not mandatory, and the insured can voluntarily choose whether to pay social security;

2. Different types of insurance: the social security for urban employees paid by the unit includes five types of insurance: endowment insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance; However, as flexible employees to pay social security for urban workers, they can usually only pay two types of insurance: employee pension insurance and employee medical insurance, and a few areas can also pay unemployment insurance;

3. The payment base is different: the unit pays social security, and the payment base is calculated according to the average salary of employees in the previous year. However, if you pay social security as a flexible employee, you can choose the payment base that suits you according to your actual situation. The payment base usually ranges from 60% to 300% of the local average salary in the previous year;

4. The individual contribution ratio is different: whether it is employee pension insurance or medical insurance, the individual contribution ratio of flexible employees is relatively high. Take the employee pension insurance as an example, the unit pays social security, and the contribution ratio of the employee pension insurance unit is 16% of the payment base, and the individual contribution ratio of the employee is 8%, which means that the unit will bear most of the expenses, and the individual employee only needs to bear a small part; Flexible employees pay their own social security and need to bear all the expenses themselves. The contribution rate of employee pension insurance is usually 20%, and the contribution rate will be slightly higher in some areas, of which 12% will enter the pension insurance pooling account and 8% will enter the personal account;

5. The retirement age of old-age insurance may be different: according to the current regulations, units pay social security, men retire at 60, female workers retire at 50, and female cadres retire at 55; Self-paid social security, flexible employment men retire at the age of 60, flexible employment women retire at the age of 55, some cases allow flexible employment women to retire at the age of 50, and a few regions uniformly stipulate that flexible employment women retire at the age of 50, which is subject to local policies. Pay the employee's old-age insurance by yourself, and the calculation method of pension is the same as that of enterprise employees, so pay social security as long as possible if conditions permit.

To sum up, 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.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance can pay less than fifteen years when they reach the statutory retirement age.

Receive a basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.