Guide in SHENZHEN
Settling
/ Live at Shenzhen / Startup at Shenzhen /
Settling
/ Live at Shenzhen / Startup at Shenzhen /
Your position：
Catalogue
Download
ShareFunctions
Catalogue
Download and Print
Settling
Insurance
International Insurance
You could just purchase international coverage before coming to China. Many of the same considerations apply, so do your due diligence to ensure your policy will be accepted by the major hospitals in Shenzhen.
Some of the main international insurers for expats in China:
Cigna Global Insurance: https://www.internationalinsurance.com/cigna/medical/
Aetna International: https://www.internationalinsurance.com/aetna/
GeoBlue Xplorer: https://www.internationalinsurance.com/geoblue/products.php
Social Security
Under Chinese law, foreigners with legal employment permits can be covered by the same basic insurance as any other non-local resident, and the coverage is the same for everyone regardless of nationality.
China' s Social Security fund includes pension, medical, unemployment, maternity and work-related injury coverage.
The maximum contribution base for medical insurance won1 t exceed three times the average monthly wage of a city' s on the job workers, while the minimum won' t fall below 60 percent of the average monthly wage. Last year in Shenzhen, the average wage was10,646 yuan and the minimum was 2,200 yuan, so the maximum base for this year is31,938 and the minimum is 5,585.40.
Foreigners working in Shenzhen must choose one of two types of compulsory basic medical insurance: Category I (2A) or Category II (2B). Category I can be used for clinic visits and hospitalization, while Category II can only be used for hospitalization. The payments and contributions by employers are made directly from each month1 s paycheck.
The employer pays 13 percent of the base into the employee' s pension fund, while the employee pays 8 percent.
For basic medical insurance under Category I, the employer pays 6.2 percent of the base into the employee fund, while the employee pays around 2 percent.
For basic medical insurance in Category II, the employer pays 0.6 percent of the base, while the employee pays 0.2 percent.
For example, the automatic payments per monthly paycheck for an expat earning 35,000 yuan per month in Shenzhen would look something like this:
Medical insurance Category I (2A):
Employer pays:
27927*(13%+6.2%+0.45%+0.28%)+5585.4*1 %=5,621.71 RMB.
Employee pays: 27927*(8%+2%)+5585.4*0.5%=2,820.627RMB.
Medical insurance Category II (2B):
Employer pays: 27927*(13%+0.45%+0.28%)+9309*0.6%+5585.4*1 %=3,946.09RMB.
Employee pays: 27927*2%+9309*0.2%+5585.4*0.5%=605.09RMB.
When you leave China, you can get the amount you paid into the social insurance fund refunded, minus any sum you used for treatment or medication. If you return to work in China, you can reopen your social security account and the sum your employer paid will remain in the balance.
You will need these documents to apply for the refund:
1.Application form with company seal
2.Passport
3.Work permit or cancellation certificate of work permit
4.Bank card from one of China' s four major state-owned banks: Construction Bank, Industrial and Commercial Bank, Bank of China, Agriculture Bank
5.Social security card
Mutual Exemption Countries
Germany, South Korea, Denmark, Canada, Finland, Switzerland, the Netherlands and Spain have signed mutual exemption agreements with China, meaning expats from these countries can apply for an exemption from certain insurance categories by submitting a participation certificate and written application with their company' s official seal to the local Social Security Bureau through their employer.
Private Chinese Insurance
To purchase private insurance in China you must have lived in the country for more than 180 days with a fixed residence and be able to provide evidence of a temporary residence permit.
Treatment and hospitalization cost reimbursement only covers accidental injuries that occurred on the mainland.
Domestic insurance companies hold an advantage in hospital acceptance, which is even more pronounced when traveling to more rural areas, but private hospitals in Shenzhen should accept major international insurance policies.
The premiums for private health insurance from Chinese companies are pretty low, but the policy maximums are also relatively low compared to Western standards. The plans also have a wide range of limitations. Make sure you read all of the details when comparing different services or, better yet, hire an insurance broker to help you comb through the details.
Some important factors to consider when choosing a provider:
Service: Does the company provide apps that help locate available hospitals under your provider, translation services and support, or premium cost reimbursement speed?
Requirements for purchasing
Extent of coverage: are hospitals for foreigners covered?
English services: Make sure you have access to someone who speaks English and can assist you on insurance matters whenever you need it. Language barriers are not something you want to deal with when trying to figure out your healthcare coverage. Finding a company that provides English services, and ideally has experience servicing foreigners, should be a primary consideration when choosing an insurance provider.
Direct-billing claim service is an essential part of a reliable insurance plan. Direct-billing refers to a cashless claim where the medical provider directly bills the insurance company without the insured having to pay up front, as opposed to reimbursement claims.
Some of the main private insurers of expats in China: China Taiping Insurance, China Life Insurance, China Pacific Insurance, People's Insurance Company of China, Ping An Insurance.
Insurance
International Insurance
You could just purchase international coverage before coming to China. Many of the same considerations apply, so do your due diligence to ensure your policy will be accepted by the major hospitals in Shenzhen.
Some of the main international insurers for expats in China:
Cigna Global Insurance: https://www.internationalinsurance.com/cigna/medical/
Aetna International: https://www.internationalinsurance.com/aetna/
GeoBlue Xplorer: https://www.internationalinsurance.com/geoblue/products.php
Social Security
Under Chinese law, foreigners with legal employment permits can be covered by the same basic insurance as any other non-local resident, and the coverage is the same for everyone regardless of nationality.
China' s Social Security fund includes pension, medical, unemployment, maternity and work-related injury coverage.
The maximum contribution base for medical insurance won1 t exceed three times the average monthly wage of a city' s on the job workers, while the minimum won' t fall below 60 percent of the average monthly wage. Last year in Shenzhen, the average wage was10,646 yuan and the minimum was 2,200 yuan, so the maximum base for this year is31,938 and the minimum is 5,585.40.
Foreigners working in Shenzhen must choose one of two types of compulsory basic medical insurance: Category I (2A) or Category II (2B). Category I can be used for clinic visits and hospitalization, while Category II can only be used for hospitalization. The payments and contributions by employers are made directly from each month1 s paycheck.
The employer pays 13 percent of the base into the employee' s pension fund, while the employee pays 8 percent.
For basic medical insurance under Category I, the employer pays 6.2 percent of the base into the employee fund, while the employee pays around 2 percent.
For basic medical insurance in Category II, the employer pays 0.6 percent of the base, while the employee pays 0.2 percent.
For example, the automatic payments per monthly paycheck for an expat earning 35,000 yuan per month in Shenzhen would look something like this:
Medical insurance Category I (2A):
Employer pays:
27927*(13%+6.2%+0.45%+0.28%)+5585.4*1 %=5,621.71 RMB.
Employee pays: 27927*(8%+2%)+5585.4*0.5%=2,820.627RMB.
Medical insurance Category II (2B):
Employer pays: 27927*(13%+0.45%+0.28%)+9309*0.6%+5585.4*1 %=3,946.09RMB.
Employee pays: 27927*2%+9309*0.2%+5585.4*0.5%=605.09RMB.
When you leave China, you can get the amount you paid into the social insurance fund refunded, minus any sum you used for treatment or medication. If you return to work in China, you can reopen your social security account and the sum your employer paid will remain in the balance.
You will need these documents to apply for the refund:
1.Application form with company seal
2.Passport
3.Work permit or cancellation certificate of work permit
4.Bank card from one of China' s four major state-owned banks: Construction Bank, Industrial and Commercial Bank, Bank of China, Agriculture Bank
5.Social security card
Mutual Exemption Countries
Germany, South Korea, Denmark, Canada, Finland, Switzerland, the Netherlands and Spain have signed mutual exemption agreements with China, meaning expats from these countries can apply for an exemption from certain insurance categories by submitting a participation certificate and written application with their company' s official seal to the local Social Security Bureau through their employer.
Private Chinese Insurance
To purchase private insurance in China you must have lived in the country for more than 180 days with a fixed residence and be able to provide evidence of a temporary residence permit.
Treatment and hospitalization cost reimbursement only covers accidental injuries that occurred on the mainland.
Domestic insurance companies hold an advantage in hospital acceptance, which is even more pronounced when traveling to more rural areas, but private hospitals in Shenzhen should accept major international insurance policies.
The premiums for private health insurance from Chinese companies are pretty low, but the policy maximums are also relatively low compared to Western standards. The plans also have a wide range of limitations. Make sure you read all of the details when comparing different services or, better yet, hire an insurance broker to help you comb through the details.
Some important factors to consider when choosing a provider:
Service: Does the company provide apps that help locate available hospitals under your provider, translation services and support, or premium cost reimbursement speed?
Requirements for purchasing
Extent of coverage: are hospitals for foreigners covered?
English services: Make sure you have access to someone who speaks English and can assist you on insurance matters whenever you need it. Language barriers are not something you want to deal with when trying to figure out your healthcare coverage. Finding a company that provides English services, and ideally has experience servicing foreigners, should be a primary consideration when choosing an insurance provider.
Direct-billing claim service is an essential part of a reliable insurance plan. Direct-billing refers to a cashless claim where the medical provider directly bills the insurance company without the insured having to pay up front, as opposed to reimbursement claims.
Some of the main private insurers of expats in China: China Taiping Insurance, China Life Insurance, China Pacific Insurance, People's Insurance Company of China, Ping An Insurance.
is the product of
It explores how to start up a business and adapt to life in Shenzhen. And showcases Shenzhen's social and economic development, as well as its unique and charming urban culture.