Medical insurance refers to the basic medical insurance premium paid in full and on time by employers and employees according to the principle of compulsory social insurance through national legislation. If it is not paid in full and on time, the basic medical insurance fund for its medical expenses will not be paid, regardless of personal accounts.
Medical insurance is insurance to compensate medical expenses caused by diseases. Social insurance in which employees are provided with necessary medical services or material assistance by society or enterprises due to illness, injury or childbirth. For example, free medical care and labor insurance medical care in China. The medical expenses of employees in China are shared by the state, units and individuals to reduce the burden on enterprises and avoid waste. Insurance liability accidents need to be handled, and the insurance money will be paid in proportion.
Functions of medical insurance:
1 is conducive to improving labor productivity and promoting the development of production. 2. Adjust income differences and reflect social equity. 3. It is an important guarantee for maintaining social stability. It is an important means to promote social civilization and progress. 5, is an important guarantee to promote the reform of economic system, especially the reform of state-owned enterprises.