National Healthcare Security Administration: Long-term care insurance does not set a deductible threshold and, in principle, does not directly provide cash payments to persons with impairments in daily living.

People’s Financial News, March 26 — On March 26, Zhang Xifan, head of the Treatment Guarantee Department of the National Healthcare Security Administration, stated at a State Council Information Office press conference that the long-term care insurance fund is mainly used to cover expenses for qualifying basic long-term care services. In principle, it does not directly provide cash payments to disabled individuals. There is no deductible for long-term care insurance. Regarding reimbursement rates, in regions where the actual contribution levels of residents and employees vary significantly, there are differences between the two groups to reflect the principle of rights and responsibilities. To ensure the sustainability of the long-term care insurance fund, the annual maximum payout limit does not exceed 50% of the per capita disposable income of urban and rural residents in the previous year in the designated area.