What is long-term insurance?

Long-term care insurance is mainly an institutional arrangement for the insured to provide care guarantee and economic compensation when he loses his ability of daily living, falls ill or dies in old age. At present, there are two forms of social insurance and commercial insurance in the world.

Funding standards for long-term care insurance:

1, employees' medical insurance personnel, according to the proportion of the employee medical insurance payment base paid by the employer 1%, adjust funds from the employee medical insurance pooling fund quarterly as long-term insurance financing.

2, residents' medical insurance personnel, according to their number, according to the per capita financing level is slightly lower than the first category of personnel, from the residents' medical insurance fund to adjust funds quarterly as long-term insurance financing. Specific financing standards, agreed by the Municipal Human Resources and Social Security Bureau (Municipal Medical Insurance Office), the Municipal Finance Bureau and other relevant departments, and implemented after the approval of the municipal government.

Extended data:

The insurance companies are different, and generally have the following contents:

1, long-term care insurance. The insured loses the ability to live due to accidental injury and other reasons.

2. Cancer insurance. The first occurrence of a specific cancer within the insurance coverage.

3. Death insurance. You can get the death of the insured.

4. Care insurance for the elderly. The insured needs to get it after the age of 60.

5. Old-age sickness insurance. The contracted disease occurred for the first time.

Shanghai Human Resources and Social Security Bureau-Question and Answer on the Pilot Policy of Long-term Care Insurance

Baidu encyclopedia-long-term security insurance