The Ministry of Finance issued the "Supplementary Provisions to the Accounting System for Social Insurance Funds".

Beijing, January 12 (Reporter Zhao Jianhua) -- The Ministry of Finance recently formulated and issued the "Supplementary Provisions to the Accounting System of Social Insurance Funds" (hereinafter referred to as the "Supplementary Provisions") to further standardize the accounting of medical insurance funds and serve to strengthen the management of medical insurance funds.

On the 12th, an official from the Accounting Department of the Ministry of Finance introduced that the "Supplementary Provisions" timely unified and standardized the accounting and reporting of the long-term care insurance fund, which is conducive to truly reflecting the fund operation in various regions, providing comparable and effective information for the establishment and improvement of the long-term care insurance system, and better serving the reform of the medical security system.

The official stated that the "Supplementary Provisions" adjust the accounting treatment of urban and rural residents' medical insurance premiums according to management needs, which can accurately reflect the fund's operation and identify risks in the fund's operation early. The medical insurance fund is the people's "life-saving money." The "Supplementary Provisions," by setting up detailed accounts to reflect the new business model, helps improve information granularity and provides support for strengthening fund operation monitoring and risk early warning.

The person in charge explained that the "Supplementary Provisions" mainly include the following: clarifying that the long-term care insurance fund and the urban and rural medical assistance fund shall be implemented in accordance with the "Accounting System for Social Insurance Funds"; adding relevant accounting subjects and their usage instructions; clarifying the reporting format and preparation requirements of the "Income and Expenditure Statement" of the long-term care insurance fund, as well as the listing requirements of the "Major Illness Insurance Expenditure" item in the urban and rural residents' medical insurance fund; clarifying the requirements for the transition between the old and new urban and rural residents' medical insurance funds; and clarifying that the effective date of the document is January 1, 2026.

The Ministry of Finance requires operating agencies to promptly adjust and update their accounting systems to ensure that accounting module settings meet the requirements of the Supplementary Provisions. Accounting adjustments must be carried out strictly in accordance with the Supplementary Provisions, especially for the urban and rural residents' medical insurance fund, where business data must be accurately reviewed and the transition of premium income between the old and new systems must be completed according to the prescribed procedures. (End)