Social security, that is, social insurance, is a non-profit social security system with the function of income redistribution in order to prevent and force most members of society to participate. So can we just pay medical care instead of pension? What does medical insurance refer to? Let's have a look.
If you buy employee medical insurance and employee pension insurance, whether it's paid by the unit or purchased by yourself as a flexible employee, you can't just buy the same insurance, because the two insurances are tied together.
If the medical insurance and endowment insurance are purchased as urban and rural residents, i.e. residents' social security, they can be purchased separately, because the endowment insurance and medical insurance for urban and rural residents purchased as residents are not tied together.
Medical insurance generally refers to basic medical insurance, which is a social insurance system established to compensate workers for the economic losses caused by disease risks. Through the payment of employers and individuals, the medical insurance fund is established. After the medical expenses of the insured are incurred, the medical insurance institution will give them certain economic compensation.
Endowment insurance, the full name of social basic endowment insurance, is a social insurance system established by the state and society according to certain laws and regulations, in order to solve the problem of the basic life of the workers after they reach the national labor age limit for relieving labor obligations, or because they lose the ability to work in old age.