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Real-time News
On March 25th, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on accelerating the establishment of a long-term care insurance system. The opinion proposes that in the year the long-term care insurance system is established in various regions, the contribution rate for unemployed urban and rural residents will be halved, starting at around 0.15%, and gradually transitioning to around 0.3% over approximately five years. Regions with suitable conditions may also start at around 0.3%. The opinion encourages self-employed individuals to participate in the insurance at the rate standard for employees of their employers. The contribution base can be determined as a certain percentage (not less than 60%) of the average social wage of the previous year in the region, with individuals paying according to regulations. Self-employed individuals may also choose to participate and pay according to the insurance policy for unemployed urban and rural residents. The government will provide categorized subsidies for the personal contribution portion of eligible low-income groups. Individuals under the age of 18 who participate in the insurance with their parents or other legal guardians will not be funded separately. The personal account of the basic medical insurance for employees can be used for the personal contributions of themselves and their close relatives (including spouse, parents, children, siblings, grandparents, maternal grandparents, grandchildren, and maternal grandchildren) to participate in long-term care insurance.On March 25th, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on accelerating the establishment of a long-term care insurance system. The opinion proposes that the long-term care insurance premium rate be uniformly controlled at around 0.3%. For employees, the premium rate will be shared proportionally by employers and individuals. The employers contribution base will be the total wages of its employees, and the individuals contribution base will be their own wage income. Both employers and individuals will contribute. The premium rate for retirees will be the same as that for individual employees, with the contribution base linked to their pension level. Retirees will contribute directly, with their former employers not contributing. The funding for long-term care insurance for unemployed urban and rural residents will be reasonably shared by individuals and the government. Individuals will contribute, and the government will provide subsidies as stipulated. Government subsidies will be jointly borne by the central and local governments. Taking into full account urban-rural differences, local governments can use the previous years per capita disposable income of urban and rural residents in the region as the contribution base, or in rural areas, the previous years per capita disposable income of rural residents as the contribution base. Exploring and improving a more scientific and refined capacity-based funding mechanism is encouraged.On March 25, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on accelerating the establishment of a long-term care insurance system. The opinion proposes that long-term care insurance should begin with city-level pooling. City-level pooling areas will have unified policies, unified fund collection and disbursement, and integrated management and services. Provinces with suitable conditions may explore promoting provincial-level pooling in accordance with the requirements of unified and standardized policies, balanced fund allocation, improved hierarchical management, strengthened budget assessment, and optimized management and services. The opinion emphasizes the need for uniformity and standardization of the system, ensuring relative balance among pooling areas in terms of enrollment and contributions, benefit payments, disability level assessment, fund management, administrative management, and information technology development.On March 25, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on accelerating the establishment of a long-term care insurance system. The opinion proposes that employers (including enterprises, public institutions, government agencies, and social organizations), as well as their employees, retirees, self-employed individuals, and unemployed urban and rural residents, should participate in long-term care insurance according to the principle of local management. The long-term care insurance fund will be centrally managed and used in a unified manner. Localities can initially establish long-term care insurance systems covering employees, retirees, and self-employed individuals, gradually expanding the coverage to include unemployed urban and rural residents.On March 25, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on accelerating the establishment of a long-term care insurance system. The opinion proposes that within approximately three years, a system integrating urban and rural areas will be basically established, a funding mechanism based on shared responsibility and a fair and appropriate benefit guarantee mechanism will be gradually improved, a scientific and standardized management and operation mechanism will be basically formed, and a long-term care insurance system adapted to my countrys basic national conditions will be basically established.
