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Warnings from economists Pension system on the brink of collapse?

Status: 21.06.2021 10:35 a.m.

Too few contributors and high household burdens – experts repeatedly point out the problems of statutory pension insurance. Does that inevitably lead to retirement at 68 or even 70? By Andreas Braun, tagesschau.de The criticism of the German pension insurance system, which has been publicly discussed for weeks, is sharp. The entire structure of the pay-as-you-go pension has been called into question by economists in recent weeks. Many of the criticisms have been known for a long time, but above all caused a stir Paper of the scientific advisory board at the Federal Ministry of Economics , an advisory body within the federal government. Economics Minister Peter Altmaier himself presented the committee’s proposals as “not binding” on his ministry The advisory board is “independent”.

Pension and contribution guarantees aggravate the situation

With their description of the state of the German pension insurance system, the authors of the study are anything but alone among experts. You see “suddenly increasing financing problems” approaching the pension funds. These problems are mainly caused by the guarantee of the pension level introduced in 2018 at 48 percent of the average wage and the limitation of pension contributions to a maximum of 20 percent.

Together with the introduction of the “pension at 63”, this led to the deficit within the pension insurance system being further expanded. More than a quarter of the federal budget had to be diverted to the pension fund in 2019 to fill this gap. In 2040, almost half of the federal funds are threatened to be used for this.

Increasing life expectancy

The conclusion of the economists of the advisory board with its chairman, the Munich economics professor Klaus M. Schmidt, reads: The coupling of the retirement age to life expectancy is “inevitable”. So if Germans tend to live longer and receive longer pensions, the start of retirement will have to be pushed back accordingly. This would correspond to a “pension at 68” in around 20 years.

In addition, the experts are calling for pension increases no longer to be carried out consistently in the future. While existing pensions should only increase with the development of purchasing power, a guarantee of 48 percent, for example, can still be guaranteed for “access pensions”, ie employees who are going into retirement.

Criticism of “unsocial” proposals

While politicians from many parties immediately criticized the committee’s proposals as “anti-social” or unrealistic, the authors also received support from academia from other quarters. The researchers from the employer-related Institute of the German Economy (IW) also see a further extension of the working life as a sensible way to stabilize the German pension system.

IW study director Jochen Pimpertz sees this as an opportunity “to slow down the rise in premiums and at the same time to stabilize the security level”. He recommends raising the retirement age from 2031 by two months for each year of birth. In 2052, the standard retirement age would then be 70 years. The Freiburg economist Bernd Raffelhüschen also sees a dramatic need for reform in the pension system in Germany. The federal government can only choose between “plague and cholera,” he said in a recent interview. Either the contribution rates for the pension fund or the federal subsidy would have to be drastically increased. In the past few years, the federal government gave the “majority of the elderly” too generous gifts, he said.

Swedish stock pension model

Martin Werding, professor at the Ruhr University in Bochum, is calling for a radical move away from today’s pure pay-as-you-go financing. Werding has calculated that a “share pension”, in which employees invest two percent of their gross income in an equity fund, could increase pension payments by up to 30 percent for average earners who have been insured for many years. The consumer advice centers also consider such a provision component, which is based, for example, on the Swedish pension model, to be sensible. Klaus Müller, member of the board of directors of the Federal Association of Consumer Organizations, sees the share investment as an opportunity to get “more money in old age” for insured persons.

But even a fundamental reform of the pension system is unlikely to close the gap between earned income and retirement income for many contributors. The Riester pension, which was introduced around 20 years ago , however, many experts are convinced that it is hardly suitable for this. There are increasing votes for Riester subsidies to expire under a new federal government in autumn. A prominent critic of the Riester model is, for example, the economist and former “economy” Bert Rürup. He advocates pension accounts that could be managed by a foundation and should be accessible to all citizens. Here, too, the idea is that additional contributions are invested primarily in the capital market and converted into payment plans in old age that supplement the statutory pension

When the sales of developers such as China Merchants Shekou, China Shipping, Poly, and China Resources, which are also central enterprises, have reached hundreds of billions in sales, CCCC Real Estate’s 100 billion progress bar has just passed halfway.

In 2020, under the leadership of then President Li Yongqian, CCCC Real Estate achieved contracted sales of 53.3 billion yuan, fulfilling its sales target for that year. Due to the desire for scale, CCCC Real Estate will be quite aggressive in 2020. The company added 30 new land in the whole year, twice the amount in 2019, and its floor space has increased by 176.90% year-on-year to 6,355,900 square meters.

After a brief victory, the plight of CCCC Real Estate became more and more obvious. Even if the scale exceeds 50 billion yuan, the company’s profitability continues to fall, and the debt indicator has stepped on two red lines in a row. How to balance the scale and debt has become a difficult problem for CCCC Real Estate.

Three delays in accounts payable

After the transfer of assets to return funds, borrowing from the parent company’s real estate group, and the transfer of surplus funds from affiliated companies, CCCC Real Estate has launched a new round of financing measures.

On June 14, CCCC Real Estate disclosed that the company plans to carry out non-standard supply chain financial asset securitization business with Ping An Wealth Management and Centennial Asset Management, with a total financing of no more than 3 billion yuan, mainly for payment of the project company’s accounts payable .

CCCC Real Estate said that this non-standard supply chain financial asset securitization business can extend the payment period of the company’s accounts payable, effectively alleviate the company’s short-term cash flow pressure, and optimize the liability structure.

This is not the first time that CCCC Real Estate has adopted this method to extend the payment time of accounts payable.

On January 14, CCCC Real Estate announced that in order to speed up capital turnover and increase capital utilization, the company and its subsidiaries intend to cooperate with the Bank of East Asia in refactoring business. The latter will provide CCCC Real Estate with a total of 400 million yuan. The re-factoring limit, the subject of the transaction is the accounts payable of the subsidiary of CCCC Real Estate, that is, the accounts receivable of the corresponding supplier.

The specific business content is that the supplier transfers the accounts receivable to the factor. The Bank of East Asia agrees to accept the transfer of the accounts receivable from the factor after confirming that the accounts receivable meets the agreed conditions, and the Bank of East Asia will guarantee the transfer of the accounts receivable. The manager provides non-recourse re-factoring services, and CCCC Real Estate acts as the co-payer of its subsidiaries.

Guan Rongxue, an analyst at the Zhuge Housing Data Research Center, told reporters that the cooperation between real estate companies and insurance companies to carry out non-standard supply chain financial asset securitization business is one of the ways that companies often use to ease short-term cash flow pressure. But the same operation three times in a row in six months can’t help but make people question, is the short-term cash flow of CCCC Real Estate already so tight?

According to data, as of the end of 2020, the amount of CCCC Real Estate’s accounts payable was 8.961 billion yuan, an increase of 48.45% from the 6.036 billion yuan in 2019, all of which must be paid within one year.

The “International Finance News” reporter noted that the substantial increase in the accounts payable of CCCC Real Estate that year was mainly due to the increase in land payables. In 2020, CCCC Real Estate added 2.577 billion yuan in land payables, and the company did not have such expenditures in 2019.

In the same year, CCCC Real Estate’s short-term loans amounted to 2.239 billion yuan, and non-current liabilities due within one year were about 5.819 billion yuan. If the accounts payable of 8.961 billion yuan are included, the company’s short-term debt level reaches 17.019 billion yuan, and the corresponding monetary capital in the same period is only 11.534 billion yuan, which is obviously out of balance.

From this point of view, it is understandable that CCCC Real Estate has extended the payment time of accounts payable many times.

Dilemma

But it is obviously not enough to relieve financial pressure in this way.

On June 14, CCCC Real Estate also disclosed an announcement on providing counter-guarantees to related parties for the issuance of corporate bonds. According to the announcement, CCCC Real Estate intends to publicly issue corporate bonds of no more than 1.2 billion yuan. The controlling shareholder of the real estate group will provide joint liability guarantee guarantee, and CCCC Real Estate will provide counter-guarantee for it.

After several rounds of financing, it is not clear how much breathing space China Communications Land has to compete for. However, from the current situation, reducing debt is quite important for the company.

According to data from the Shell Research Institute, in 2020, CCCC Real Estate’s debt-to-asset ratio after excluding advance receipts is 83.4%, exceeding the 70% red line; the net debt ratio is 296.4%, an increase of approximately 146.2 percentage points year-on-year; the cash short-term debt ratio is 1.43 , Step on two lines.

According to the “three red lines” financing rules, real estate companies that stepped on the two “red lines” will be classified as “orange files”, and the annual growth rate of the scale of corporate interest-bearing liabilities shall not exceed 5%. Therefore, if the debt level is not optimized, the already weak CCCC Real Estate will be restricted in financing, and it will be more difficult for the company to move closer in scale.

Guan Rongxue told reporters that the current dilemma of CCCC Real Estate is that, on the one hand, the company is inefficient in the process of resource integration, and on the other hand, it is because the company pursues large-scale acquisition of mergers and acquisitions projects and large-scale expansion of land reserves.

According to Guan Rongxue, although the development of non-standard business has extended the debt period, CCCC Real Estate’s long-term cash flow pressure still exists.

As of the first quarter of 2021, CCCC Real Estate’s short-term borrowings have fallen to 890 million yuan, but the bills payable in the same period has increased by 57.523% compared with 2020 to 37.054 million yuan, and long-term borrowings have increased by 43.5% compared with 2020 to 35.678 billion yuan. Bonds have also increased from 5.011 billion yuan in 2020 to 8.144 billion yuan.

In addition, due to the increase in short-term loans payable to shareholders, other payables of CCCC Real Estate also increased by 217.93% from 2020 to 6.93 billion yuan. With the continuous support of the parent company, the amount of this part of the funds may remain high in the short term.

Under the high pressure of debt, CCCC Real Estate continues to provide guarantees for its holding subsidiaries and shareholding companies. As of May 31, the balance of guarantees between its holding subsidiaries and holding subsidiaries was 12.357 billion yuan, accounting for 403.64% of the net assets attributable to the parent at the end of 2020; the balance of guarantees for participating companies that were not in the scope of the consolidated statement was 2.107 billion yuan , Accounting for 68.82% of the parent’s net assets at the end of 2020.

Colonel Cao Xuan Thang, Director of Social Security Administration of the Ministry of Defense reported on the management and implementation of social insurance and health insurance in the Ministry of National Defense. With the working motto “Think holistically, work specifically, everything must be done right from the beginning”, social insurance and health insurance work in the army in general and management and organization work in the army. The implementation of the Social Security Administration of the Ministry of Defense in particular in recent years has achieved remarkable results. Notably: Social insurance benefits of officers, professional soldiers, non-commissioned officers, defense workers and contract workers in the army are settled promptly, conveniently and closely. The health insurance policy in the army is comprehensively implemented; In particular, the implementation of the military health insurance policy has created conditions for soldiers to receive better health care and medical examination and treatment, especially for soldiers in remote and isolated units. island border. The social insurance and health insurance funds are managed strictly and in accordance with the law. In particular, the reform of administrative procedures and the application of information technology have been promoted, meeting the increasing requirements of the management and implementation of social insurance and health insurance in the army. Lieutenant General Vu Hai San concluding the meeting. Recognizing and praising the achievements of the Ministry of Defense Social Insurance in recent years, Lieutenant General Vu Hai San emphasized: Based on its functions and tasks, the Ministry of Defense Social Insurance needs to continue to do a good job of consultation. advises and proposes to the Central Military Commission and the Ministry of National Defense to have appropriate instructions on the guidelines and policies of social insurance and health insurance in the army, which are becoming more and more complete in terms of both the legal framework and practical requirements. characteristics of military and defense activities, always aiming for the satisfaction of beneficiaries. Along with well performing political tasks, the Deputy Minister of Defense also noted that the Party Committee and commander of the Ministry of Defense paid attention to building a team of insurance officers with both professional ethics and integrity. professional knowledge; have methods, scientific working style, meet the increasing requirements in the process of performing tasks.

There is a vision in the development of the insurance industry. Many consumers think that China’s insurance industry is a big pit . China’s insurance industry faces consumers with completely different attitudes. One part is people who are keen to insure themselves, and the other part is people who are not interested in insurance at all.

On the whole, people who are interested in insurance products still occupy a very small proportion. In the face of insurance products, most people’s attitudes are still relatively conservative.

In addition, the fact that middle-class families fell down a little bit without the help of insurance in the face of real disasters also warns us all the time: Do not buy insurance lightly.

Buying insurance means buying insurance clauses

Insurance is a kind of protection. Its original intention was to reduce the risks people face and to provide people with some effective protection when they face risk accidents. At the beginning of the development of the insurance industry, many insurance product designs were indeed very practical.

However, with the continuous development of society and the increasing diversification of consumer demand, there are more and more types of insurance products and more detailed divisions. In particular, the design of many insurance clauses is becoming more and more complicated, which makes people confused.

In order to reduce the pressure of life and provide an effective protection for themselves in the face of major diseases or accidents, many friends like to configure insurance for themselves and their family members, especially the middle class with a higher standard of living and a certain amount of savings. From serious illness medical treatment to weddings and funerals, as long as the financial conditions permit and the protection meets their needs, they will allocate an insurance for themselves.

But after buying insurance, can you really sit back and relax? The answer may disappoint many people.

Insurance is a long-term consumption process. Many people only see that people pay insurance premiums on time, but they don’t see the difficulty of applying for claims after paying insurance premiums. Money given to insurance companies has always been easy to get in and hard to get out. The fact that applications for claims have been repeatedly rejected all warn us of the importance of carefully reading the insurance clauses.

The design of insurance clauses is the standard that really tests the level of an insurance company. Whether we buy insurance is useful or not depends on whether the design of the insurance clause is reasonable.

Many friends are fooled when buying insurance because they do not understand the design of the insurance clauses and blindly believe that this insurance must be able to provide appropriate compensation in the event of an accident or illness. But at the stage of claim settlement, I realized that my situation could not meet the conditions of claim settlement.

There are “pits” everywhere in insurance, so you need to be cautious when applying for insurance

Among the various insurance products, there are many insurance products with practical protection functions. Whether you can buy practical and useful insurance products depends mainly on whether you can recognize the terms of the insurance products.

There are people who blindly insure high-priced premiums and high-priced insurance products, but they forget whether the protection content of the insurance truly meets their actual needs. Sometimes, under the brainwashing of insurance salesmen, people always equip themselves with many insurance products that are completely unusable. When the disaster comes, many people find that the hedging effect of insurance companies is minimal.

The fact that many middle-class families equipped with complete insurance products have difficulty in claim settlement and gradually collapsed in the face of huge expenditures, which deeply warns us not to buy insurance lightly! If you really want to buy insurance, you have to read the insurance clauses before deciding.

There is a coverage for insurance, which needs to be kept in mind by all consumers. There are various restrictions on the scope of compensation for insurance products. The more restrictive clauses, the more difficult it is to meet the standards for compensation in case of later emergencies.

Therefore, everyone should rectify a misunderstanding: buying insurance is not buying the nominal coverage of this insurance, but buying the detailed terms of this insurance. Especially for some medical insurances, it is best to consult your doctors and friends around you and ask whether the insurance clauses are valid. Sometimes people’s lives are gone to meet the claims standard, we really don’t need to buy.

Rational allocation of insurance

Having said that, despite the chaos in the insurance industry, the existence of “insurance” is reasonable. When everyone configures insurance, You must seriously think about your physical and economic conditions, and use this as a basis to configure suitable insurance products.

Nowadays, the business atmosphere of the insurance industry is becoming stronger and stronger, and the work performance of insurance salesmen is directly linked to the total amount of insurance products they sell. Under the pressure of survival in the industry and the company’s business incentive mechanism, insurance salesmen are trying all kinds of ways to increase their sales.

Noncommittal, this marketing model has effectively promoted the expansion of insurance companies’ business and customer groups, but it has also sacrificed the interests of many customers. After all, once the salesperson’s purpose of promotion changes from recommending the right products to the right people to completing the task, the group that ultimately bears the costs and losses becomes the majority of consumers.

therefore, If you want to improve the effectiveness of insurance, consumers must improve their self-discrimination ability . To reimburse minor illness medical treatment, minor surgery and medical expenses, it is enough to configure a simple medical insurance.

If the possibility of suffering from a major disease is high, then everyone may wish to configure a targeted critical illness insurance. If there is a history of cancer in the family, then everyone can also configure a targeted anti-cancer insurance for themselves accordingly.

In short, for middle-class families with small savings, the more insurance is not the better, nor is the higher the insurance, the better. Targeted insurance configuration method is the correct method.

summary:

We must treat the insurance industry with a rational attitude. Since it exists in this society, it must have its rationality. If our ordinary consumers want to effectively avoid the pit of insurance, the most direct and effective way is to improve their understanding of the insurance industry.

In today’s era of competition for commercial interests, how consumers protect their legitimate rights and interests is a matter of concern. If we blindly follow the wishes of insurance salesmen to configure insurance, it is inevitable that the insured company will squeeze the wool. Your own rights and interests need to be guarded by yourself. You can buy insurance, but everyone must remember: The insurance clause in black and white is the top priority we should pay attention to. !

VssID application can replace health insurance cards, social insurance books Vietnam Social Insurance has actively brought utilities, payment information, benefits to social insurance and health insurance (HI), towards integration, provision of public services, online payment services. application on mobile devices. This is a step in line with the current trend of digital transformation, building a digital government and a digital nation. It is known that Vietnam Social Insurance is an agency for 4 consecutive years, from 2017 to 2020, holding the 2nd position in the application of Information Technology (IT) in Government agencies (According to the ICT Index compiled by the Ministry of Finance). Ministry of Information and Communications annual assessment report). The deployment of VssID – Digital Social Insurance application on the smartphone system is considered one of the key tasks to bring more convenience to people and businesses when they register to use it. VssID application was developed rapidly and has been widely promoted for everyone to install on smartphones. From June 1, 2021, health insurance participants can use photos on VssID for medical examination and treatment. Mr. HHH, an IT expert of a securities company, was one of those who installed the VssID application. “During this transition period, I find it acceptable, the best thing is that my health insurance card is damaged and I don’t have to apply for a new one. I updated the 2 kids in less than 10 minutes to activate. But not everyone has such an easy experience. Mr. D.TT (Hanoi) shared: “Because the application allows to register a phone number without OTP authentication, when I registered, it turned out that my phone number was registered by a person in Ha Tinh. Had to call a few times there to change it back, it took a few days. The call center has run out of words. Called dozens of times, no one picked up the phone. And Ms. D.T (HCMC) said: “It took me nearly a dozen times to register, fortunately I didn’t have to call the switchboard.” “In response to the social insurance campaign, I installed VssID last month. In general, the interface of the VssID app is also quite normal, if not bad,” commented Anh VHA (Hanoi). “I just tried to check on June 1, I found it incredibly boring, far behind the online sales apps. But more importantly, when viewing information, it is extremely slow due to having to download data” – Ms. NTTH (HCMC) shared a screenshot showing that it takes 3 to 5 minutes to log in to the system. But according to those who have tried installing the app, the worst experience is in the customer support. Call center 1900.9068 called dozens of times, no one picked up the phone, emailed no response, and the chatbot was ineffective. Customers when using a product or service that have problems, they will be very disappointed and angry when there is no support. While social insurance provides 3 support channels, none of them work effectively. This is an issue to be aware of in the provision of public services. When looking up information about the insurance premium period, some people find that the application does not fully show their insurance period. “Last month, when I looked up my social insurance payment information, I only looked up the latest 3 months’ social insurance payment information. This month, the VssID app is updated, the information is more complete, showing 19 years of premium payment, but still missing my 4-year period. It can be said that the database of social insurance is problematic, not really synchronized. The IT infrastructure of Vietnam Social Security seems to be still not commensurate with the tasks and responsibilities,” said one user. In addition, the problem that many people wonder about is the possibility of personal data leakage. Mr. MT, an IT expert of IBM commented: “VssID is very convenient to have the name and year of birth to find out the social insurance number and some other information. But if not clever, hackers can steal the entire database.” As a Digital Transformation expert and monitoring the “Vietnam ICT Index Readiness for Application and Development” (Vietnam ICT Index), I realize that besides the commendable efforts, digital transformation of Social Security There are still many problems to fix. In the effort to build e-Government in ministries and branches, one of the important goals is to bring 100% of public services to the online environment, to smart mobile devices. I think, ministries and sectors should pay attention to service quality instead of following 100% quantity. Hopefully, Social Security will quickly overcome the disadvantages of the VssID application as well as carefully review its industry’s Digital Transformation plan to better serve the legitimate needs of the insured.

Ransomware is a type of malware that encrypts the victim’s data. Cybercriminals using ransomware also often steal data. The hackers then demanded a payment to unlock the files and promised not to leak the stolen data. In recent years, hackers have targeted victims with cyber insurance policies, and large volumes of sensitive consumer data make them more likely to pay ransoms, according to cybersecurity experts. According to the unnamed source, CNA paid the hackers about two weeks after a bunch of company data was stolen and CNA officials were locked out of its own network. CNA does not comment on the ransom, with a CNA spokesperson saying CNA followed all laws, regulations and guidelines, including OFAC’s 2020 ransomware guide, in handling the matter. CAN also shares attack intelligence and hackers’ identities with the FBI and the Treasury Department’s Office of Foreign Assets Control because facilitating ransom payments to hackers can cause punishment risk. The largest ransom amount Ransomware attacks – and payments in particular – are rarely disclosed so it’s difficult to know what the largest ransom is. The $40 million payout is larger than any previously disclosed payments to hackers. The hackers attacking CNA used malware called Phoenix Locker, a variant of ransomware called ‘Hades.’ According to cybersecurity experts, Hades was created by a Russian cybercrime organization called Evil Corp. Evil Corp. was sanctioned by the United States in 2019. However, identifying attacks can be difficult because hacking groups can share code or sell malware to each other. CNA, which provides cyber insurance, said its investigation concluded that the Phoenix hacker group was not on the US sanctions list. The disclosure of the payment is likely to draw outrage from lawmakers and regulators who are unhappy that US companies are paying large sums of money to criminal hackers who over the past year have targeted hospitals, drug manufacturers, police forces and other entities critical to public safety. The FBI discourages organizations from paying ransoms because it encourages additional attacks and does not guarantee data will be returned. Last year was a standout year for ransomware groups, with a task force made up of security experts and law enforcement agencies estimating that victims paid around $350 million in ransom last year, up 311% compared to 2019. The Task Force suggested 48 actions the Biden administration and the private sector could take to mitigate such attacks, including better regulation of money markets. digital currency used to make ransom payments. The report, prepared by the Institute for Security and Technology, was delivered to the White House days before the Colonial Pipeline Company was compromised in a ransomware attack that resulted in fuel shortages and long lines at stores. gas stations along the US East Coast Bloomberg reported that Colonial paid hackers nearly $5 million shortly after the attack. Colonial CEO Joseph Blount, in an interview with the Wall Street Journal published Wednesday, confirmed that the company paid the hackers – $4.4 million in ransom. According to two people familiar with the CNA attack, the company initially ignored the hacker’s request and attempted to recover the data without negotiating with the criminals. But within a week, the company decided to start negotiating with the hackers, who were demanding $60 million. Residents said the payment was made a week later. According to Barry Hensley, chief intelligence officer at cybersecurity firm Secureworks Corp. then the Phoenix Locker seems to be a variation of Hades based on the overlap of the code used in each. He said they have not yet identified which hackers used the Hades variant to attack CNA. Cybersecurity firm CrowdStrike Holdings Inc believes Hades was created by Evil Corp. to bypass US sanctions against the hacking group. In December 2019, the Treasury Department announced sanctions against 17 individuals and six entities associated with Evil Corp. At the time, the Treasury Department said Evil Corp used malware “to infect computers and collect login information from hundreds of banks and financial institutions in more than 40 countries, causing more than 100 million dollars of theft. “It is illegal for any U.S. company to knowingly pay a ransom to Evil Corp. According to Melissa Hathaway, President of Hathaway Global Strategies and a former cybersecurity adviser to Presidents George W. Bush and Barack Obama, demand for ransomware has grown exponentially over the past six months. Hathaway said the average hacker’s ransom demand is between $50 million and $70 million. Those claims are often negotiable, and companies often pay ransoms in the tens of millions of dollars, in part because cyber insurance policies cover some or all of the costs. Hathaway estimates that the average payout is between $10 and $15 million. Ngoc Linh – According to Insurance Journal

The installation of VssID – digital social insurance application helps employees closely monitor the process of paying – enjoying policies. The authorities have requested the Board of Directors of Hung Hau Agriculture Joint Stock Company to overcome the debt payment for social insurance, health insurance and unemployment insurance. By May 20, Hung Hau Agriculture Joint Stock Company had fully paid more than 2 billion VND of social insurance, health insurance and unemployment insurance debts for employees. From this incident, the Vietnam Social Security urged people and employees to actively install the VssID application to be able to monitor and supervise the process of participating and benefiting from the policy. In order to improve the efficiency of serving people and employees, Vietnam Social Security has just released an upgraded version of VssID application version 1.5.3 on the AppStore and Google Play app stores. The upgraded version allows users to register for electronic transactions with the social insurance agency on the VssID application and through the Public Service Portal (previously only through the Public Service Portal); integrate additional features to support lookup, scan QR codes of social insurance cards, citizen identification cards to automatically fill in the necessary information, instead of manually entering in the account registration information. In addition, the VssID version 1.5.3 application also adds the option to send the declaration Email, the “Invite VssID installation” utility, making it more convenient for users to register to use the account and invite you Friends and relatives use the application together. In particular, the new version of VssID application has added the online public service “Re-issuance of social insurance books without changing information” for individuals, bringing the total number of online public services provided on this application up. 4 services. Previously, 3 public services provided on VssID application were re-issuance of health insurance cards due to damage or loss; relocate to enjoy pensions and social insurance benefits; change the form of receipt or information of beneficiaries of social insurance. With obvious utilities, after 6 months of being put into use (from the end of November 2020 until now), the VssID – digital social insurance application has attracted more than 6.44 million downloads, installations, and registrations. Thereby, more than 5.6 million valid applications were approved, reaching 22.18% of the assigned target in 2021.

Recently, many people participating in social insurance and health insurance (health insurance) have installed and used the VssID application to check and monitor their participation in social insurance and health insurance. PLO Also, some readers have received questions about how to install and use the VssID application on smartphones. User is installing VssID application. Photo: HUUYNH TRUONG GIANG How to install the VssID application According to the Ho Chi Minh City Social Insurance Agency, before installing the application, the insured needs to prepare information to declare such as ID card or CCCD, social insurance number or health insurance card code (the last 10 digits on the health insurance card). Then download the VssID application to your phone. For Android operating system: Go to Google Play icon / Play Store. For iOS: AndApp Store icon. Type in the search box for the keyword “VssID” and select Search. There are four steps to signing up for an account. The user enters the VssID icon on the mobile phone screen and performs the following steps: Step 1: Click “Register Now” and select “Continue” to display the registration screen. Step 2: Select the object for registration “Personal” and then click “Next”. Step 3: Declare the information of transaction registration with the social insurance agency electronically on the Declaration form. It should be noted, users must write the correct phone number to confirm registration information and OTP code. Users should choose the nearest social insurance agency to submit electronic transaction registration documents. Then click “Record” to complete the registration. Step 4: Bring your ID card / CCCD card to the nearest social insurance agency for personal electronic transaction account approval. The system will send SMS (account, password) to the registered phone number. User can change password after first login. How to use the VssID application To use the VssID di5ng application, users do two steps: Step 1 : Enter the account (social insurance code) and password (previously sent to the registered phone number) into the corresponding boxes to log into the application. Step 2 : After logging into the VssID application, users enter the Personal management function to display the user’s information such as: social insurance number, full name, date of birth, ID / CCCD / Passport, phone number phone calls, health insurance card functions, insurance participation process, information on entitlement to social insurance benefits, …

Please ask, if I want to renew my health insurance card to continue using the health insurance when I go for medical examination and treatment, where do I go? You read Thanh An (HCMC) Ho Chi Minh City Social Insurance Agency Answer: To renew the household health insurance card, the participants of health insurance only need to go to the social insurance collection agent, health insurance or the nearest social insurance agency to provide the old health insurance card code and pay the premium. If the insured cannot go directly to the social insurance collection agents, you can pay for the online health insurance renewal. Currently, Vietnam Social Security has cooperated with Bank for Investment and Development of Vietnam (BIDV) to deploy online payment services. The payment method for health insurance is implemented on the mobile device software and on the website of BIDV. Once the payment is completed, the health insurance card will be automatically renewed. Then, Vietnam Social Security will send a result message to the participant’s phone number. After performing the above-mentioned transactions, to check the results of the health insurance card renewal, participants can search by themselves by the following methods: – Access to the website of Vietnam Social Insurance at: https://baohiemxahoi.gov.vn/tracuu/pages/tra-cuu-thoi-han-su-dung-the-bhyt.aspx – Text message by syntax: BH THE “ID card of health insurance card” to 8079; – Call the customer care switchboard 1900.9068 of Vietnam Social Insurance for instructions.

@China News Network The personal accounts of children participating in employee medical insurance can be used by their parents to implement mutual aid within the family. Author: Zhang Ni Incorporate more general outpatient expenses into the payment scope of the overall planning fund, implement family mutual aid in personal accounts, and do not need to run errands to large hospitals for minor illnesses… Recently, the General Office of the State Council issued the “Guidelines on Establishing and Improving the Outpatient Mutual Assistance Mechanism of Basic Medical Insurance for Employees Opinion”, major changes that affect the whole family’s medical treatment will happen! Data map: A patient uses the face recognition system to make an appointment with an expert number under the guidance.Photo by Wang Guangzhao ——Incorporate more general outpatient fees into the payment scope of the overall fund Employee medical insurance was established in 1998. It implements a security model that combines social pooling and personal accounts. The pooled fund guarantees hospitalization and outpatient major illnesses, and the personal account guarantees outpatient expenses for minor illnesses and medicines. The opinions announced this time put forward the establishment and improvement of an overall insurance mechanism for general outpatient expenses of medical insurance for employees, based on the medical insurance work for outpatient chronic diseases and special diseases (hereinafter collectively referred to as outpatient chronic diseases) that are burdened by the masses such as hypertension and diabetes. , Gradually include common outpatient expenses for frequently-occurring and common diseases into the scope of payment by the overall planning fund. In addition, general outpatient clinics cover all insured employees of employee medical insurance, and the payment ratio within the policy range starts from 50%. As the medical insurance fund’s capacity increases, the level of protection is gradually increased, and the payment of benefits can be appropriately tilted to retirees. According to Chen Jinfu, deputy director of the National Medical Insurance Administration, on the 22nd, the opinions issued this time mainly include three measures in establishing an outpatient mutual aid guarantee mechanism. One is to establish an overall plan for general outpatient clinics, and gradually include frequently-occurring and common diseases in outpatient clinics into the medical insurance overall plan for reimbursement. These expenses were basically solved by personal accounts. The second is to strengthen the outpatient protection for chronic diseases and special diseases, and gradually include the outpatient expenses for diseases with high costs and long treatment cycles into the scope of outpatient protection. For some outpatients, chronic diseases, and serious illness related treatments, they are seen in the outpatient clinic, but they are managed according to the hospitalization policy. Third, in addition to attending designated medical institutions, insured persons can settle and purchase medicines at designated retail pharmacies with prescriptions outside the hospital. Those who meet the regulations will be included in the payment scope of the overall planning fund, and the corresponding designated retail pharmacies will also be included in such a designated scope of protection. This also means, In the future, more outpatient expenses will be included in the medical insurance reimbursement, which will help to reduce the medical burden of the insured.

Data map: People swipe their cards to pay at the window of a hospital in Qinghai.Photo by Zhang Tianfu

——The unit payment is no longer included in the personal account

According to opinions, in the future, the personal account credit method will also be improved.

The document proposes that it is necessary to scientifically and reasonably determine the crediting method and crediting level of personal accounts. The personal accounts of employees should be credited by the basic medical insurance premiums paid by individuals. The crediting standard is controlled at 2% of the insurance payment base in principle and paid by the unit. All the basic medical insurance premiums of the retirees are included in the overall planning fund; in principle, the individual accounts of retirees are allocated from the overall planning fund at a fixed amount, and the amount allocated is gradually adjusted to about 2% of the average level of the basic pension in the year that the overall planning area implemented the reform according to this opinion.

Regarding this adjustment, Chen Jinfu explained that after the reform of the personal account, the personal accumulation is still owned by the individual, and the rights and interests have not changed. After more than 20 years of reforms, the personal account has a cumulative balance of 1 trillion yuan. The money has not moved, and it is still personal rights.

He emphasized, Reforming personal accounts is not about canceling personal accounts, but adjusting the credit ratio of personal accounts. This is a rotation of two aspects, realizing a kind of system transformation. The decrease in new credits in general personal accounts means the establishment, expansion, improvement, and enhancement of the outpatient mutual aid guarantee system. Reducing the part does not mean that the guarantee will be lost, but put it in the big pool of mutual aid guarantee, forming a new guarantee mechanism.

Data map: outpatient building of a hospital.Photo by China News Agency reporter Yin Liqin

——Personal accounts implement family mutual aid

Among the documents issued this time, there is also the implementation of family mutual aid in personal accounts that attracts people’s attention.

According to the document, personal accounts are mainly used to pay for out-of-pocket expenses incurred by insured persons in designated medical institutions or designated retail pharmacies. It can be used to pay for the medical expenses incurred by the insured persons themselves, their spouses, parents, and children when they seek medical treatment in designated medical institutions, as well as the expenses incurred by individuals for purchasing drugs, medical equipment, and medical consumables in designated retail pharmacies. Explore personal accounts for personal payment for spouses, parents, and children participating in basic medical insurance for urban and rural residents.

According to the policy, the personal out-of-pocket expenses after the reimbursement of the overall planning fund can be paid in cash or through a personal account.

After the reform, the scope of use of personal accounts has been expanded. The personal accounts of children participating in employee medical insurance can be used by their parents to implement mutual aid within the family.

Data map

——No need to run errands to see a big hospital for minor illnesses

According to reports, the establishment and improvement of a mutual assistance mechanism for employee medical insurance outpatient clinics will also have a positive impact on the improvement of primary medical and health services.

Chen Jinfu said that the outpatient guarantee mechanism has a collective effect on the allocation of primary medical resources, the improvement of primary service capabilities, and the general outpatient guarantee for the masses.

Through this reform, the employee medical insurance has roughly replaced 200 billion funds. According to estimates and the current per capita outpatient medical level, it should be said that 80 billion funds should be invested in primary medical institutions. With personal payment, at least 100 billion additional fund resources can be added to support primary medical institutions.

For ordinary people, there are system dividends, Minor illnesses can be seen in primary medical institutions, and there is no need to run errands to see a major hospital, and the cost of medical treatment will be greatly reduced. At the same time, for the entire country’s resource allocation, it has formed a better allocation under the condition that the total amount of medical resource allocation remains unchanged.

Data map: Old people in a medical institution in Haidong City, Qinghai Province swipe their medical insurance cards.Photo by Zhang Tianfu

——Retirees reduce the burden of outpatient expenses

The establishment of an outpatient mutual aid mechanism this time has improved the protection of the elderly.

According to Fan Weidong, head of the Treatment Protection Department of the National Medical Insurance Administration, the opinion proposes that the general outpatient overall protection level should start at 50%, and it is clearly required that all localities provide additional preferential payments to retired elderly people on this basis. When the reform is implemented and the outpatient protection mechanism is fully implemented, it is preliminary estimated that this system can reduce the burden of outpatient expenses for retirees by nearly 100 billion yuan.

In addition, this time we will improve the outpatient guarantee mechanism, It is specifically proposed to further increase the types of diseases that are included in outpatient chronic diseases and outpatient special diseases, The outpatient chronic disease protection paid by the overall fund has been strengthened, which is a great benefit for the elderly. In other words, during the reform process, this part of the population will benefit even more and the benefits will be wider.

Data map: The newly opened “smart pharmacy” on the streets of Kunming attracts citizens to experience.Photo by Ren Dong, a reporter from China News Agency

——Eligible retail pharmacies are included in the scope of the overall fund settlement

Data shows that by the end of 2020, there are about 390,000 designated medical pharmacies nationwide, and the annual expenditure of personal accounts for designated pharmacies is about 200 billion yuan or more. So, what impact will the establishment of an outpatient mutual aid mechanism have on retail pharmacies?

Fan Weidong said that this reform also paid great attention to continue to play the positive role of designated retail pharmacies in medical security services, and introduced some measures to continue to support the development of pharmacies.

In addition to the original personal account that can continue to be used for drug purchases in pharmacies, three main support measures have been clarified: first, include eligible retail pharmacies into the settlement scope of the overall fund; second, expand the scope of use of personal accounts and implement Family mutual aid; third, qualified “Internet +” medical services can also be included in the scope of basic medical insurance. For eligible online medical services, funds can also be paid in accordance with regulations.

He emphasized that through the above measures, the preliminary judgment is that designated retail pharmacies can play a more important and active role in the process of basic medical security services. For the pharmacy retail industry, it will usher in a broader development. space.

Editor: Park Lina

Editor: Kan Feng

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This is a reform involving 340 million insured persons.

On April 22, 2021, the Chinese government website announced the “Guiding Opinions of the General Office of the State Council on Establishing and Improving the Mechanism for Establishing and Improving the Employee Basic Medical Insurance Outpatient Mutual Assistance Guarantee Mechanism.” This is the first major reform of personal accounts in the 23 years since the establishment of employee medical insurance.

Compared with the previous, the new regulations have three major changes: First, medical insurance will be reimbursed for future outpatient visits; second, family members can share the money in the medical insurance personal account; third, the medical insurance paid by the unit will no longer be credited to the personal account.

Next, all localities have a three-year transition period to implement the new regulations. A local medical insurance bureau official revealed that the local version of the implementation draft is currently being worked on.

Left-hand personal account, right-hand pooling account

The new regulations propose to start with chronic diseases such as hypertension and diabetes, which are burdensome, and gradually include the general outpatient medical expenses for frequently-occurring and common diseases into the scope of the overall planning fund.

The new regulations expand the scope of payment. Previously, pooled accounts were generally only used for inpatient medical care or outpatient treatment of specific diseases.

The entire basic medical insurance payment funds come from two parts of the medical insurance account, the personal account and the overall account.

The money in the personal account is, to put it bluntly, personal property, and its use is basically unlimited in terms of medical treatment. It can be used for medical treatment, medicine, and hospitalization. In the event of death, immigration, etc., personal account funds can be directly withdrawn.

The pooling account can be called everyone’s account, which is shared by all people who have paid the employee medical insurance. The account is not subject to personal control, and the transfer and cancellation of individual social security relationships will not affect the pooling account. Simply put, whoever is sick uses the money.

“Studies have shown that half of people have no balance in their personal accounts when they are 60 years old, and only relying on a little money each month has a low ability to protect them in outpatient treatment and medication.” Public Administration of Central China Normal University Said Wang Chaoqun, associate professor of the college.

The new regulations are also committed to solving this dilemma. Of course, this also requires more money to support the overall fund account. As a result, the new regulations adjusted the distribution of medical insurance premiums.

The money in the medical insurance account comes from individual payment and unit payment. The money in the previous personal account was all the personal medical insurance payment and 30% of the unit medical insurance payment.

After the new regulations are adjusted, what is paid by the individual is still put into the personal account, and all the payment by the unit goes to the overall fund. In a word, the overall fund account will be more than the 30% paid by the unit, and the money in the personal account will be less in the future.

Earlier, the money received in the personal account each month, one is the personal payment, which accounts for about 2% of the salary; the other part comes from 30% of the unit’s total payment, and the unit’s payment accounts for about 6% of the salary, so the unit payment in the personal account Part, accounting for about 1.8% of wages.

In the future, the money received in the personal account each month will only be the part of the personal payment. “Whether it is an in-service employee or a retiree, the monthly money in the personal account will probably be reduced by half.” A local medical insurance official introduced.

Family mutual aid in personal accounts

The new regulation proposes a new model for family mutual aid in personal accounts.

According to the new regulations, in addition to personal use, personal accounts can also be used to pay for the expenses incurred by their spouses, parents, and children seeking medical treatment in designated medical institutions, even including the purchase of drugs, medical equipment, and medical consumables in designated retail pharmacies. cost of.

In other words, young people who have a large balance in their personal accounts can use the balance for the medical expenses of their parents, children and other family members that meet the requirements.

For example, for an employee medical insurance participant, the elderly in the family only participates in the resident medical insurance. Wang Chaoqun believes that after the implementation of mutual aid, the elderly still have to bring their own medical insurance card to see a doctor and enjoy the reimbursement of resident medical insurance. When paying, the part that can be paid with the money in the personal account can be used for the children’s personal Funds in the account.

However, the new regulations do not yet have specific details on how to pay.

Moreover, the rule that the medical insurance card can only be used by the person has not changed.The Wuhan Municipal Medical Insurance Bureau publicly introduced that it still implements “one person, one card”, which is the same as an ID card, and it must be “dedicated for special cards.”

After reading the new regulations, a Beijing employee said that he really felt that it would be difficult for my parents to use my brother’s and me personal accounts in the future to see a doctor. My hukou, my brother, and my parents are not together. It is bound to prove my mother. It’s my mother.

In short, “the current medical insurance system cannot support payment for others, and technology upgrades are needed,” said Qiu Yulin, deputy director of the China Social Security Research Center at Renmin University of China.

Some places are being explored. Fujian has begun to implement family mutual aid in personal accounts. “On the local government service platform, any insured person in the family can open a mutual aid account, and parents (including the parents of the spouse), spouse, and children can be added to this account. Then in the personal account, more than 2,000 yuan When family members go to the hospital to see a doctor, they only need to bring their own medical insurance card, and they can directly use the money in the “family account” to pay.” Fujian Provincial Medical Insurance Bureau related Introduction by the person in charge.

In fact, in individual areas, such as Beijing, it can also be said that families share personal accounts. Because in Beijing, the money in the personal medical insurance account is directly credited to the employee’s Beijing bank card every month, and individuals can directly withdraw the money at any time to help pay for the family’s medical expenses and even any consumption.

The new regulations emphasize that the restricted area of ​​personal accounts shall not be used for public health expenses, sports fitness or health care consumption, etc., and other expenditures that are not covered by basic medical insurance.

“Can it be used to purchase commercial health insurance in the future? This is also an investment in health protection, and there is still a lot of room for discussion.” The above-mentioned local medical insurance bureau official said.

Eventually, the number of people using a personal account will increase, and the National Medical Insurance Bureau also proposes to establish a dynamic management mechanism for the entire process of personal accounts, and strengthen the review of the use of personal accounts, settlement and other links.

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They have invited celebrities to endorse, involving Huang Xiaoming, Lang Lang, Zhao Yazhi, Tang Yan, Wang Baoqiang, Tang Guoqiang, Zhang Tielin, Wang Han, Du Haitao, Yang Di and many other celebrities. Under the aura of celebrity endorsements, ordinary people believe in these platforms, blindly “go into the pit”, put their savings and even pension money into it, and finally have accidents one by one, and they have lost their money.

Earlier, the Financial Dispute Resolution Center of Chaoyang District, Beijing issued an announcement in which the celebrities who had endorsed P2P should do their responsibilities for their endorsements.

On April 22, in response to the problems of some financial products endorsed by celebrities, the China Banking and Insurance Regulatory Commission issued a reminder on being alert to the risks of celebrities endorsing financial products. The endorsements of celebrities and other public figures shall abide by laws and regulations such as the Advertising Law of the People’s Republic of China. For recommendation and certification of unused commodities or unreceived services, before accepting endorsements, it should be checked whether the endorsement agency has legal qualifications, and whether the endorsed products and services are true in content and meet regulatory requirements.

In other words, celebrities can only endorse the goods they have used or services they have received. Once celebrities do not reflect the truth to the public, they are suspected of false advertising, and they must bear joint and several liability with advertisers.

At the same time, on May 1 this year, the “Regulations on the Prevention and Treatment of Illegal Fund Raising” will be officially implemented, with special reference to the relevant responsible entities such as illegal fund-raising persons, illegal fund-raising facilitators, Internet information service providers, advertising operators and publishers. Administrative and criminal penalties. This is tantamount to intensifying the punishment of celebrity endorsement responsibilities.

Of course, no matter how you will be held accountable afterwards, for the common people, precautions are the most important, especially investment-related, we need to be cautious and then cautious.

Toyota Vios 2021. Customers using Toyota insurance will be repaired and replaced with genuine parts at Toyota dealers nationwide. This service is provided by 4 reputable insurance companies in Vietnam to help customers feel secure during use. Along with the attractive financial loan package, this incentive contributes to bringing more benefits to customers when owning a Vios 2021 car. To help customers realize their dream of owning a Vios 2021, Toyota Finance Vietnam continues to support the financial support package “Balloon”, which is a financial product with Toyota brand name. With this loan package, customers have the opportunity to own a Vios 2021 car with the initial payment amount from only 95 million VND and the average monthly payment from only 5.2 million VND / month with a quick procedure, convenient as well as free of all service fees. New Vios version was launched at the end of February 2021 towards a youthful design, upgrading many amenities and safety features. Vios 2021 still inherits the available advantages such as the most spacious space in the segment, flat rear floor, rear seats with armrests, 5-star ASEAN NCAP safety system with 7 airbags and seat belts. 3 points for all positions. In addition, Vios users are supported by high-quality after-sales service at 72 agents and branches spread across 35 provinces and cities nationwide. Since its first appearance in 2003, Vios has been regularly the best-selling model and holds a record in the Vietnamese market with accumulated sales of more than 180,000 units. After its launch, with a price of only 478 million dong, adding a sports version for the first time in Vietnam, the Vios 2021 was quickly welcomed by customers with nearly 2,000 vehicles in March. With incentives for genuine Toyota 1-year material insurance package (Gold Insurance) to bring peace of mind to customers, Vios 2021 promises to continue to grow in the following months.

The Ministry of Labor, Invalids and Social Affairs has just submitted a proposal to the Government to develop the Law on Social Insurance (amended) (social insurance). According to the Ministry of Labor, Invalids and Social Affairs, the current development of social insurance beneficiaries is below potential, many people are subject to compulsory social insurance but have not yet participated. The current law is “missing” many subjects Data from the General Statistics Office shows that in 2019, the whole country had more than 5.6 million individual business households, eight times the number of enterprises. According to the tax authorities, the country has more than 1.7 million times of households paying tax (households with turnover less than 100 million VND / year do not have to pay). However, this group is not subject to compulsory social insurance, so very few individual business householders participate in voluntary social insurance. According to data from the Ministry of Planning and Investment, in 2019 there are about 23,000 active cooperatives, attracting nearly six million members. In which 1.2 million people work in the cooperative area. But according to the report of the social insurance agency, there are nearly 7,000 cooperatives registered to participate in compulsory social insurance for about 41,000 employees. “Through a survey in some localities, many business managers, managers and executives of unpaid cooperatives wish to participate in compulsory social insurance …” – said by the Ministry of Labor, War Invalids and Social Affairs. Therefore, the Ministry of Labor, War Invalids and Social Affairs proposes to add compulsory social insurance participants for individual business householders, business managers, managers and cooperatives without pay. Specific provisions on compulsory social insurance for employees who work part-time and participate in compulsory social insurance with civil servants, public employees, part-time workers at commune level who also sign labor contracts. moving. According to the assessment of the Ministry of Labor, Invalids and Social Affairs, the above provision helps to increase the income of the social insurance fund in the short and medium term, while also increasing the expenditure from the social insurance fund in both short, medium and long term. The number of people who receive one-time social insurance to take care of their immediate life tends to increase. Photo: V.LONG Need to have a share in participating in social insurance According to the Ministry of Labor, Invalids and Social Affairs, the nature of risk sharing is only evident in sickness, maternity, labor accident, and occupational disease regimes. The pension policy is designed to be heavy on the principle of payment – benefit (pay more and enjoy more and vice versa) but lack attention to the principle of sharing between high and low salary people. According to data reported by the Vietnam Social Security, by the end of 2017, the average pension is 4.26 million VND / person / month. In which, the highest is 101.3 million VND / person / month, the lowest is 1.3 million VND / person / month (more than 4,100 people have this pension). The large gap in pension discourages people with low wages, leading to an increase in the number of people who want to receive one-time social insurance. In recent years, each year about 600,000 people enjoy one-time social insurance and leave the social insurance system. Therefore, this agency proposes to amend the method of calculating the average monthly salary paid for social insurance to calculate the pension for the employee, in the direction of the average monthly salary paid for social insurance of that person and the average monthly salary paid for social insurance. of people participating in social insurance to calculate their pensions. Thus, there will be a certain share between the high-paid and the low-paid. “The narrowing of the pension gap will encourage the participants of low-wage social insurance to reserve the time to pay social insurance to enjoy the pension instead of receiving one-time social insurance …” – The Ministry of Labor, War Invalids and Social Affairs assessed. The Ministry of Labor, Invalids and Social Affairs said that if allowed, the unit would be authorized by the Government to submit to the National Assembly for consideration and comments on the first bill at the second session of term XV (October 2022). Submit to the National Assembly for approval at the third session, term XV (May 2023). “Tighten” regulations on receiving social insurance once Currently, the condition to receive one-time social insurance is quite easy. Specifically, after one year of not participating in social insurance, the employee can receive one-time social insurance with the entitlement of 1.5 months of salary for each year participating in social insurance before 2014 and two months of salary for each participating year thereafter. Thus, with the contribution to the pension and death fund of 8% of the salary from the employee, the one year of paying 0.96 months of salary, the entitlement to two months’ salary upon receiving one-time social insurance is considered profitable. Along with having to wait too long to enjoy pension, employees will want to receive one-time social insurance to meet immediate needs. Therefore, it is necessary to adjust the regulations on one-time social insurance entitlement in the direction of having a roadmap to only deal with employees when they have reached the end of their working age but are not eligible for pensions without the need to continue paying. . Except for the case of going abroad to legally settle down or suffering from a dangerous disease and wishing to receive it once, or if the case is not yet over the working age, but receives one-time social insurance, the rate of entitlement is lower. In addition, the law also needs to amend the conditions for enjoying the pension in the direction of gradually reducing the number of years of minimum social insurance payment from 20 years to 15 years, towards 10 years with an appropriate calculated benefit level, creating conditions for The elderly, with a low number of years participating in social insurance, are entitled to pensions. 65% of Vietnamese elderly do not have a pension According to the Ministry of Labor, Invalids and Social Affairs, by the end of 2020, Vietnam has about 14.1 million people after the retirement age (55 years old for women, 60 years old and older for men). Of which, only over 3.1 million people are enjoying the pension (accounting for 22.1%) and 1.8 million people are enjoying the retirement allowance. There are still about 9.2 million people after the retirement age (accounting for 65%) who have not participated in insurance or any other social security layer.

“Ping An’s technology strategy continues to deepen, and its technology business maintains rapid development.” The relevant person in charge said. It is reported that as of the end of March 2021, the company’s number of scientific and technological patent applications has increased by 1,100 from the beginning of the year, reaching a total of 32,500, ranking it among the top international financial institutions.

“Ping An of China was the first to implement digitalization in China’s insurance industry, and the investment was the largest, and the results were the best. In the past, the effect of technology investment was obvious, so the income of the technology sector has gradually increased substantially.” China Insurance and Insurance and Insurance Group of Wudaokou School of Finance, Tsinghua University Zhu Junsheng, research director of the Pension Research Center, spoke highly of Ping An’s technology sector and believed that this was a positive result of the company’s firm implementation of its digital transformation strategy over the past years.

At the same time, according to the first quarterly report, Ping An achieved operating profit of 39.120 billion yuan attributable to shareholders of the parent company, an increase of 8.9% year-on-year; annualized operating ROE (return on equity) reached 20.0%.

In terms of customer operating performance, the first quarterly report showed that as of the end of March this year, the number of Ping An’s personal customers exceeded 220 million, an increase of 1.0% from the beginning of the year; among them, the number of individual customers holding contracts with multiple subsidiaries was 84.57 million, accounting for 38.3. %. In the first quarter of 2021, the scale of group business comprehensive financial financing increased by 84.9% year-on-year.

Business value increased by 15.4% year-on-year to 18.980 billion yuan; operating profit increased steadily by 4.2% year-on-year to 25.580 billion yuan. At the same time, according to a quarterly report, Ping An’s life insurance reform project has entered the stage of comprehensive promotion and implementation. In this regard, Zhu Junsheng commented that it will take time for Ping An’s personal insurance reform strategy to pass down, and the reform effect is gradually showing.

In terms of property and casualty insurance business, in the first quarter of 2021, Ping An Property and Casualty’s comprehensive cost ratio was 95.2%, a year-on-year decrease of 1.3 percentage points; operating profit was 5.119 billion yuan, an increase of 15.2%; the “Ping An Good Car Owner” APP is the largest car in China Service APP, as of the end of March this year, the number of registered users exceeded 133 million, an increase of 5.1% from the beginning of the year.

Regarding the decline in the comprehensive cost rate of Ping An Property & Casualty Insurance, Zhu Junsheng analyzed that the company’s strong risk control management and good customer segmentation led to a decline in the comprehensive cost rate. Therefore, it still achieved better operating performance under the background of the comprehensive reform of auto insurance.

In terms of asset allocation of insurance fund investment portfolios, the first quarterly report shows that as of March 31, 2021, the scale of Ping An Insurance’s investment portfolio reached 3.78 trillion yuan, an increase of 1.1% from the beginning of the year. At the same time, the annualized net investment rate of return on the company’s insurance fund investment portfolio in the first quarter was 3.5%, and the annualized total investment rate of return was 3.1%.

On April 15, the Consumer Protection Bureau of the China Banking and Insurance Regulatory Commission issued the “Notice on Consumer Complaints in the Fourth Quarter of 2020” (hereinafter referred to as the “Notice”), which notified the banking industry that the China Banking and Insurance Regulatory Commission and its dispatched agencies received and transferred. Consumer complaints.

The “Notice” pointed out that in the fourth quarter of 2020, the China Banking and Insurance Regulatory Commission and its dispatched offices received and forwarded 76,224 consumer complaints from the banking industry, a decrease of 10.4% from the previous quarter.

Among them, there were 25,873 cases involving large state-owned commercial banks, a decrease of 5.2% from the previous month, accounting for 33.9% of the total number of complaints; 31,849 cases of joint-stock commercial banks, a decrease of 15.0% from the previous month, accounting for 41.8% of the total number of complaints.

The “Notice” stated that the median number of complaints from large state-owned commercial banks was 4376. The number of complaints from China Construction Bank and Industrial and Commercial Bank of China ranks among the top two large state-owned commercial banks.

The median number of complaints from joint-stock commercial banks was 2,959. China Merchants Bank, Ping An Bank, and China CITIC Bank ranked the top three joint-stock commercial banks in terms of complaints.

In terms of the number of complaints, the Bank of Communications ranked first in the number of large state-owned commercial banks in terms of complaints per 1,000 business outlets, and the Bank of Communications ranked first in the number of large state-owned commercial banks in terms of complaints per tens of millions of individual customers. Ping An Bank ranks first in the number of joint-stock commercial banks in terms of complaints per 1,000 business outlets, and Hua Xia Bank, Industrial Bank, and Ping An Bank ranks among the top three joint-stock commercial banks in terms of complaints per tens of millions of individual customers.

In addition, in the fourth quarter of 2020, there were 44,621 complaints involving credit card business, a decrease of 7.8% from the previous quarter, accounting for 58.5% of the total number of complaints.

Among the complaints involving large state-owned commercial banks, there were 15,043 complaints about credit card business, a month-on-month increase of 2.8%, accounting for 58.1% of the total complaints of large state-owned commercial banks; among the complaints involving joint-stock commercial banks, there were 26,800 credit card business complaints, a decrease from the previous month. 13.2%, accounting for 84.1% of the total number of complaints from joint-stock commercial banks.

The number of credit card business complaints from China Construction Bank and Bank of Communications ranks among the top two large state-owned commercial banks. China Merchants Bank, China CITIC Bank, and Ping An Bank ranked the top three joint-stock commercial banks in terms of credit card business complaints.

There were 18,102 complaints involving personal loan business, a decrease of 10.5% from the previous month, accounting for 23.7% of the total number of complaints. The personal loan business complaints of Industrial and Commercial Bank of China and Agricultural Bank of China rank among the top two large state-owned commercial banks. Ping An Bank ranked first in the number of joint-stock commercial banks in terms of complaints regarding personal loan business.

In the fourth quarter of 2020, there were 3338 complaints involving wealth management businesses, a decrease of 23.0% from the previous quarter, accounting for 4.4% of the total number of complaints. Postal Savings Bank of China ranked first in the number of large state-owned commercial banks in terms of complaints concerning wealth management services. Ping An Bank, China Merchants Bank, and Shanghai Pudong Development Bank ranked the top three joint-stock commercial banks in terms of complaints about wealth management services.

The staff of the Center for Customer Care of Vietnam Social Insurance and Ho Chi Minh City Social Insurance instructed participants to install the application. Photo: Nguyen Vinh Speaking at the conference, Ms. Duong Ngoc Anh, Deputy Director of Customer Service Center, Vietnam Social Insurance, said that on November 16, 2020, Vietnam Social Security officially announced the VSSID application – Digital social insurance, an application on a mobile device platform, helps participants of social insurance, health insurance (health insurance) and unemployment insurance (UI) access information, perform public services, step by step. is currently replacing paper social insurance books and health insurance cards. After 4 months of being put into use, Vietnam Social Security has continuously upgraded its applications, added utilities, and enhanced user experience such as: Adjusting the function of using health insurance cards on the application; online public service integration; connecting notification system on VSSID application with SMS system, increasing interaction between application users with the social insurance agency. In the near future, the application will be used optionally in 5 languages ​​(Vietnamese, English, Korean, Chinese, Japanese), meeting the increasingly deep international integration in the field of welfare. society. At the conference, representatives of the Center for Information Technology and Social Security of Vietnam gave basic information about the features and utilities of the VSSID application such as: Personal management – Health insurance card, participation process, benefit information. and manage medical examination and treatment books; online public services; online search; information about the policy; reflections, recommendations … These information were discussed actively by delegates attending the conference, many questions were promptly and fully answered by the Vietnam Social Security. After more than 4 months of implementation, the country has over 1.7 million downloads, installation and use of VssID application. At the beginning of implementation, the application was only evaluated with an average score of 1.6 / 5 points (maximum score is 5 points) on 2 application stores. Up to now, after more than 4 months of implementation, with efforts to add gadgets, improve user experience, the average score of the application achieved on Google Play is 4.2 / 5 points, on AppStore is 3.6 / 5 points. Thereby, users are gradually satisfied with the quality, features and utilities provided by the Vietnam Social Security on the application. Overview of the conference. Photo: Nguyen Vinh In addition to positive reviews for the application, through monitoring and operating the application, Vietnam Social Security has also received comments and feedback from units across the industry, directly from users ( on the application stores), via social networks and from media agencies, the press with the expectation that the application is increasingly complete, modern and user-friendly, to meet the practical needs of participants, enjoy the regimes and policies of social insurance, health insurance and unemployment insurance. Easy to install and use the digital social insurance app with your smartphone. Photo: Nguyen Vinh In order to provide more features and services for people on VssID application more and more, in the coming time, continue to build and issue regulations on management and operation of VssID; reviewing and perfecting features and interfaces to improve user experience. At the same time, integrating facilities such as: calculating voluntary social insurance, health insurance by household, student health insurance; calculate the rate of pension and social insurance benefit when the participant is eligible for benefit; add features and utilities to remind medicine schedule, remind periodic medical examination and treatment schedule … With the VssID – Digital Social Insurance application, participants of social insurance, health insurance and unemployment insurance can grasp the process of participating and enjoying policies, and at the same time self-monitor and protect their welfare benefits right on their devices. smartphone.

After performing the above transactions, to check the results of the health insurance card renewal, the participants can search by themselves by the following methods: Access to the website of Vietnam Social Insurance at the address: https : //baohiemxahoi.gov.vn/tracuu/pages/tra-cuu-thoi-han-su-dung-the-bhyt.aspx; send SMS with the syntax: BH THE “ID card of health insurance card” to 8079; Call the customer care switchboard 1900.9068 of Vietnam Social Insurance for instructions.

Author: Zhang Hongquan

According to media reports on April 16th, some citizens in Guangzhou reported that their relatives fell ill after purchasing China Ping An Insurance, and after many twists and turns, they wanted to settle the operation after the operation, but they only received more than 50 yuan. The customer service said it was “wrong calculation” and should pay a total of 537.95 yuan. The amount of claims “increased” from more than 50 yuan to more than 500 yuan, but the parties still found it difficult to accept. (Beijing New Vision Network Baidu Client April 16th)

It’s better to say than to listen. The 2 million claim limit insurance only received more than 50 yuan. Customer service: the wrong number. In fact, this is too ridiculous, is it fooling customers and readers?

What you mean by “calculating the wrong number” means giving less, why don’t you give more?

In reality, there are indeed some insurance companies that promised to fall apart when they applied for insurance. As long as you apply for insurance, you can promise you everything.

However, in the event of an accident or compensation accident, they want to do everything possible to prevaricate the customer, with little or no compensation. For such an insurance company, it is recommended to join the blacklist, and the regulatory authorities cannot ignore it.

If the promises cannot be fulfilled, the black list must be drawn. Regardless of supervision, customers must have a steelyard in their hearts.

The Vietnam Social Security Agency informed that, over the past time, due to the prolonged effect of Covid-19, many employees (employees) quit their jobs and lost their jobs, so they chose to receive social insurance once. According to the statistics of Vietnam Social Security, only in the first 3 months of 2021, the number of people enjoying one-time social insurance up to more than 226,500 people, an increase of more than 20.5% over the same period in 2020.

Many employees enjoy one-time social insurance with the desire to have an amount of money to cover their current lives. At the same time, a part of the employees still have the concept of “young depend on their father, old and trust their children”, not forming a habit when children pay social insurance so that when they get old, they can have a pension and control their own life. must depend on descendants.

The fact that an employee registers to receive social insurance once, leaves the social insurance system by himself is a worrying situation, not only directly affects the interests of employees, but also affects the socio-economic situation, as well. such as ensuring social security for the people of the Party and State.

The Vietnam Social Insurance Agency affirmed: Receiving the one-time social insurance only gives employees immediate benefits, but the employees have not fully foreseen the risks of losing many of their long-term benefits.

firstAccording to the current law, the total social insurance contribution to the retirement and survivorship fund is 22% of the monthly salary as a basis for the employee’s social insurance payment. In which, the employee pays 8% and the employer pays 14%, the total annual contribution to the social insurance fund. This specific ratio is equal to 2.64 month salary per year.

Meanwhile, if the employee is entitled to one-time social insurance, the annual entitlement rate of social insurance payment is only 1.5 months of the average monthly salary paid for social insurance for the years of payment before 2014 and equal to 2 months of the average monthly salary paid for social insurance. for the closed years from 2014 onwards.

Thus, if receiving one-time social insurance, the employee will lose about 1.14 months of salary for each year of social insurance payment before 2014 and about 0.64 months of salary for each year of social insurance payment after 2014.

Monday, When receiving one-time social insurance, employees will no longer have the opportunity to enjoy their pension, have no stable monthly income to ensure their life in old age. This is a very dangerous thing and leads to other disadvantaged consequences such as: not being granted a free health insurance card to enjoy the benefits of medical examination and treatment with health insurance, health care in old age, an age prone to difficulties. health assessment of each person. Because pensioners will be provided with free health insurance cards during the period of pension entitlement.

Moreover, the employee’s relatives are not entitled to the death benefit when the employee’s unfortunate death. Because if enjoying the pension, when unfortunately dies, the person who takes care of the funeral will receive a one-time funeral allowance equal to 10 times the base salary in the month the pensioner dies and their relatives are entitled to the death allowance. survivor monthly or once.

Ho Chi Minh City social insurance officials mobilize people to participate in social insurance to have a pension when they get old

Tuesday, the money paid to the social insurance fund is a valuable reserve of the employees themselves, it is not lost, but on the contrary, it is managed and invested by the social insurance agency.

In case, with the immediate difficulties (due to job loss, income loss), employees can completely reserve the time to pay social insurance, so that when possible, continue to participate in compulsory social insurance or participate in voluntary social insurance.

Conversely, when the employee has received one-time social insurance, if he / she participates in social insurance again, he / she will not be added to the time of previous social insurance payment, leading to when he is old enough to receive the pension, he / she may not be eligible for the time of payment to receive. pension or pay-period eligibility to receive a pension but the pension rate will not be high.

WednesdayWhen social insurance participants enjoy their pension, the pension level is adjusted periodically according to the consumer price index and economic growth (since 2003, the State has increased the pension by 17 times, with increases from about 7.5% to 9.3% for each adjustment, depending on the target group).

The total monetary benefits when enjoying the pension are much higher than when enjoying one-time social insurance

Sharing the concern about the increase in the number of employees receiving one-time social insurance, Mr. Do Ngoc Tho, Head of the Policy Implementation Department of Social Insurance and Vietnam Social Insurance, affirmed that when an employee receives one-time social insurance, the employee will suffer a lot, because Not yet at retirement age, all old pension money has been spent. When you get old, you cannot receive pension benefits and depend on children, grandchildren and the society.

If they unfortunately get sick and do not have a health insurance card, they also face the risk of not being able to pay the cost of medical examination and treatment after just one illness, long hospital stay, possibly facing poverty. hunger and exhaustion become a burden on families and society.

Mr. Do Ngoc Tho analyzed and took an example of an employee who has full 20 years of social insurance payment, with the average salary of 4 million VND / month for social insurance. Assuming this employee is eligible for a pension or a lump-sum social insurance benefit in 2021, if they are entitled to a pension, the male employee may receive a pension of 1.88 million VND / month.

Based on the average life expectancy of men of 71 years (the average life expectancy of men according to the General Statistics Office 2019), the number of months enjoying pension is 129 months. The total amount of money that person is entitled to from the social insurance fund is nearly 274 million dong.

In which, the total pension received from the age of 60 years and 3 months until death is 129 months x 1.88 million dong = nearly 243 million dong; buying health insurance card (4.5%) equaling nearly 11 million dong; a funeral allowance upon death (10 months base salary), equivalent to 14.9 million dong; survivorship allowance (assuming the lowest one-time death equal to 3-month pension) is over 5.6 million dong.

Many workers in Ho Chi Minh City participate in social insurance to have pensions to help control their life in old age

For female employees, because the percentage of female employees to enjoy pensions is higher (55%) and the period of enjoying pensions of women is longer than that of men (the average life expectancy of women is 76.3 years, equivalent to that after retiring at the age of 55 years and 4 months, retirees will live 240 months), so the total amount a female employee in this example will be entitled to from the social insurance fund is nearly 573 million dong.

Meanwhile, assuming that the employee goes abroad to settle down or has a life-threatening illness such as cancer, polio, cirrhosis, leprosy, severe tuberculosis, HIV infection has turned to AIDS and other diseases. according to regulations of the Ministry of Health; If receiving one-time social insurance, for both men and women, they will follow the calculation as follows: 4 million VND x (1.5 x 13 + 2 x 7) = 134 million VND. Thus, men on pension will benefit more than receiving one-time social insurance of nearly 140 million dong.

Thus, if compared with pension entitlement, receiving one-time social insurance is very disadvantageous for the employees. Because, when social insurance participants enjoy their pension, they enjoy a lot of benefits and the fact shows that the new pension is a solid support for employees when they get old, when they no longer have the ability to generate income.

Mr. Do Ngoc Tho also emphasized that receiving social insurance once will bring many disadvantages for employees. Employees should not for immediate benefits but miss the opportunity to enjoy a pension to cover their lives, as well as to enjoy the health insurance regime to take care of their health in old age. If the same time of social insurance payment is paid, the total monetary benefits when enjoying the monthly pension will be much higher than when enjoying one-time social insurance.

Mr. Do Ngoc Tho recommends that employees consider carefully, should not decide to enjoy one-time social insurance, but should reserve the time to pay social insurance so that when possible, continue to participate in compulsory social insurance or participate in voluntary social insurance. conditions to self-guarantee and take care of their own health when they get old, and at the end of their working age.

During the period of time reservation of social insurance payment, if unfortunately the employee dies, the family is entitled to a funeral allowance equal to 10 months of base salary and their relatives depending on the conditions for monthly survivorship allowance (up to 4 people ) to adulthood (if the child) or until death (if the wife, husband or father, mother is out of working age and has no income or income but is lower than the base salary); In case of receiving one-time survivorship allowance, the allowance level is calculated as one-time social insurance.

Persons on death pension, if there is a relative who is eligible for the monthly survivorship allowance. In fact, there are fathers, mothers, spouses and children who have received a monthly survivorship allowance several decades after the death of their child, spouse or parent.

Propagandizing about social insurance policies for employees. (Photo: PV / Vietnam +)

Over the past time, due to the long-term effects of COVID-19 epidemic, many employees quit their jobs and lost their jobs, so they chose to receive social insurance once. This means that in the future, these employees will not have monthly income from their retirement pensions to ensure their life and will not be issued with free health insurance cards for care. Health in the old age, age often encounter many health uncertainties.

One-time social insurance recipients increased sharply

According to the statistics of Vietnam Social Insurance, the number of employees taking one-off social insurance leave is on an increasing trend over the years, the 2016-2020 period has an average annual growth rate of about 9%. Worryingly, in the first three months of 2021, the number of employees receiving one-time social insurance continues to increase rapidly.

Only in the first three months of the year, the whole country had 226,503 people receiving one-time social insurance, an increase of more than 20% compared to the same period in 2020. Some localities affected by the COVID-19 epidemic had the number of insured people. Social once increased such as: Khanh Hoa, Quang Nam, Da Nang …

The representative of the Vietnam Social Insurance Agency said that the cause of the above situation was mainly due to the impact of the COVID-19 epidemic, which made businesses difficult, leading to many employees to quit their jobs. Up to now, the employee has stopped working for 12 months, so they should apply for social insurance once with the desire to have a sum of money to cover their current life.

Labor procedures to receive unemployment insurance due to job loss because of COVID-19. (Photo: PV / Vietnam +)

Analysis by the period of time off waiting for pension entitlement shows that in the 2016-2019 period, the one-time social insurance beneficiaries are mainly employees after a year of leave without social insurance payment, on average, accounting for about 97%.

In addition to the difficulty of income, there is still a small proportion of employees still think “children trust their father, old depend on children”, not forming a habit when children pay social insurance so that when they get old they have a salary. retired, not dependent on descendants.

Many disadvantages for employees

The fact that employees register for one-time social insurance, leave the social insurance system by themselves is a worrying situation, not only directly affecting the interests of employees, but also affecting to the socio-economic situation, as well as to ensure social security for the people of the Party and State.

According to the calculation of the social insurance agency, if receiving social insurance once, the employee will lose about 1.14 months of salary for each year of social insurance payment before 2014 and about 0.64 months. salary for each year of social insurance payment after 2014. Not only affecting immediate profit, receiving one-time social insurance makes employees lose their chance to enjoy pension, there is no guarantee for life in old age.

Settlement of insurance benefits for employees. (Artwork: Vietnam +)

Sharing worries about the increase in the number of employees receiving social insurance once in the first 3 months of 2021, Mr. Do Ngoc Tho, Head of the Policy Implementation Department of social insurance (Vietnam Social Insurance) said: “As the organization implementing the policy, we really feel very regretful when the employees choose the plan to receive one-time social insurance instead of choosing to preserve the paid time and wait for conditions to continue participating in social insurance, accumulate to enjoy the pension at the end of the working age. ”

According to Mr. Do Ngoc Tho, when receiving the one-time social insurance, employees will suffer a lot, because they are not old enough to retire, they have spent all their old-age pension. When you get old, you cannot receive pension benefits and depend on children, grandchildren and the society.

“If unfortunately sick, no card Health Insurance According to the pension regime, when old workers are still facing the risk of not being able to pay for medical examination and treatment costs after only one illness, long-term hospital stay, they may face poverty. hunger and exhaustion become a burden on families and society, ”said Do Ngoc Tho.

Mr. Bui Sy Loi, Deputy Chairman of the Committee on Social Affairs of the National Assembly emphasized that the status of receiving one-time social insurance makes efforts to mobilize and expand social insurance coverage to face many more difficult.

According to Mr. Bui Sy Loi, employees who receive one-time social insurance means that they leave the system to receive social insurance, self-stripping of the right to participate and enjoy social insurance benefits. especially long-term benefits such as retirement and death. This is an alarming and worrying situation in ensuring rights and policies Social Security long term for employees.

Mr. Do Ngoc Tho suggested that trade unions at all levels should coordinate with the local social insurance to focus on information and communication widely to employees about the superiority and long-term benefits of continuing to participate in insurance. society to workers; It is recommended that employees consider carefully, should not decide to enjoy one-time social insurance, but should reserve the time to pay social insurance so that when conditions permit, they should continue to participate in compulsory social insurance or participate. participate in voluntary social insurance, in order to have conditions for self-assurance and health care for themselves in the old age, at the end of working age./.

Statistics of the Vietnam Social Insurance show that in the 2016-2019 period, the one-time social insurance beneficiaries were mainly young workers and concentrated in the non-state sector, the age of the number of people. The most lump-sum leave to enjoy social insurance is from 26-29 years old, and the average age of one-off social insurance entitlement will gradually increase from 32.5 years old in 2016 to 33.3 years old in 2019.

The rate of one-time social insurance benefits for women is higher than that of men, respectively 55.63% for women and 44.37% for men in the 2016-2019 period.

Recently, patient Phan Huu Nghiem (36 years old, living in Vung Liem district, Vinh Long) was discharged from the hospital after 11 years of treatment at Cho Ray Hospital (Ho Chi Minh City) and was covered by the health insurance fund (HI). up to 38.3 billion.

Vietnam Social Insurance Agency (Social Insurance) believes that this is not an uncommon case, because many patients have been covered by the health insurance fund with such a “huge” amount over the past time.

Mr. Phan Huu Nghiem, who had hemophilia, was paid more than 38 billion VND by health insurance for 11 years of treatment, he said goodbye to the doctor to leave the hospital to go home. Photo: HOANG LAN

Tight escape thanks to health insurance

According to the results recorded from the health insurance assessment information system (Vietnam Social Insurance Agency), recently many cases of unfortunate accidents and illness have overcome a difficult period thanks to the health insurance fund to pay for the medical examination and cure.

For example, the patient has the HC49191120XXXXX card code (address at Hon Tre hamlet, Tien Hai commune, Ha Tien city, Kien Giang), who is paid by the employee and the employer.

This patient was treated twice at Cho Ray Hospital (HCMC). Phase 1, 3-month treatment with a total cost of 7.95 billion VND. In which, the biggest expense is the drug expense of 7.80 billion dong, the test fee is 22.91 million dong … The amount proposed to the health insurance fund to pay is 6.36 billion dong.

Phase 2, this patient treated for 10 days, the total cost of treatment is 3.07 billion. In particular, drug costs are up to 3.06 billion … The amount proposed to the health insurance fund to pay is 3.07 billion.

Another case is a patient with card number BT28383222XXXXX (living in An Binh Tay commune, Ba Tri district, Ben Tre), who is paid by the state budget.

This patient also treated two times at Cho Ray Hospital, total treatment cost and proposed payment fund is 5.68 billion. In particular, drug costs were 5.63 billion VND, blood money was 13.4 million VND …

And patients with card number BT28686216XXXXX (living in Trung Trach hamlet, Trung Thanh commune, Vung Liem district, Vinh Long), are subject to the state budget.

This patient has four rounds of treatment at Cho Ray Hospital, the total amount that the health insurance has to pay is more than 8 billion.

88

million people are participating in health insurance nationwide, accounting for 90.85% of the population. In 2020, social insurance has paid health insurance costs for over 167.2 million inpatients and outpatients, an increase of 28.4% compared to 2015.

Do not worry about breaking the fund in the near future

Talking to the reporter, Mr. Pham Luong Son, Deputy General Director of Vietnam Social Insurance, said that the patient’s medical expenses are covered by the health insurance fund up to hundreds of millions of VND, even billions of VND / batch. Value shows that social health insurance is a humane policy, far different from commercial health insurance. This means that employees only pay the percentage of salary (4.5%), but the benefit rate is not limited.

Of course, the patient’s benefit rate also depends on each group of subjects recorded on the health insurance card (with the rate of 80% -100%) and according to the list of drugs, medical supplies … paid by the fund.

Patients with high treatment costs often suffer from blood diseases, cancer … with long treatment periods and have to use expensive drugs.

“This is the interests of the participant and the insurance industry must ensure that right for them …” – Mr. Son affirmed.

Some readers are concerned that in 2019, the price of medical services will increase by 2% -10%, the awareness of health care of the people will be improved, so they go to more medical examination, whether the health insurance fund will be balanced. annual spending?

There is no limit to the insured’s right to search

Mr. Nguyen Trung Quy, Deputy Head of Health Insurance Policy Implementation Department, said that when people come to the medical facility to present all the procedures, the medical facility is responsible for receiving and doing the initial procedures. and organize examination for patients.

On the basis of documents established by the medical examination and treatment facility, the insurance industry will make full payment for the patient. “There are no regulations that limit the people’s right to medical examination and treatment with health insurance. And the responsibility of the insurance industry will determine which case is profitable, which case is not … “- Mr. Quy said.

Answering this question, Mr. Pham Luong Son said that the fund balance problem is always very difficult, painful and challenging not only for Vietnam but also in many countries around the world.

However, Vietnam is somewhat fortunate when the revised Law on Health Insurance 2014 adjusted target groups and introduced incentives to increase the number of people participating. Therefore, up to now, over 90% of the Vietnamese population participate in health insurance.

Besides, in the past, the health insurance fund also had a balance, so in the medium term, the balance fund could be collected and spent.

“However, the annual revenues and expenditures are imbalanced, spending more than revenues. So each year we have to build an estimate, thereby compensating a very large part of the cost, about 10,000-20,000 billion from the residual reserve of the fund to be able to spend … ”- Mr. Son said.

To solve the above problem in the long term, the deputy general director of Vietnam Social Insurance thinks that it is necessary to adjust the health insurance premium. Because at present, people contribute to the fund an average of 30-50 USD / person, while the benefit rate is up to 100-200 USD / person.

“So the proposal to increase the contribution to the health insurance fund has recently received a high consensus from the National Assembly, the Government, and ministries. However, the time, object, how we will calculate accordingly. For example, we increase only for the object that is closing low; for near-poor households, voluntary insurance participants increase moderately to maintain the sustainability of the participants ”- Mr. Pham Luong Son said.