In response to issues concerned by many Beijing medical insurance participants, for example, the fund receipt date of personal medical insurance account, the Beijing Municipal Medical Insurance Bureau recently confirmed that from September 1, 2022, medical insurance agencies would deposit funds, in accordance with the collection of medical insurance premiums, into personal accounts of employees and retirees on or before the fifth day of each month.

From September 1, 2022, basic medical insurance premiums paid by employees will be allocated into their personal accounts at a rate of 2 percent of their contribution bases, while those paid by employers will be allocated into the pooling fund of basic medical insurance instead. The allocation into the personal account of retirees will remain in accordance with original rules.

Interest will be paid quarterly into personal basic medical insurance accounts and included in account balance from September 1, 2022.

(Source: Beijing Daily)