What is the difference between the personal account balance and the account amount on a social security card?

There is no difference between the personal account balance and the account amount of the social security card. They are affiliated.

The account amount of the social security card consists of two parts, one is the personal account amount, and the other is the coordinated amount. The personal account part is borne by the workers themselves, and the coordinated part is borne by the employer.

Taking pension insurance as an example, enterprises are responsible for paying 20 percent and individuals are responsible for paying 8 percent. The 20 percent paid by the enterprise goes into a co-ordinated account, and the 8 percent paid by the individual goes into a personal account. When an employee retires, the state then pays out the individual portion and the coordinated portion of the pension to the worker on a monthly basis, according to the pension calculation method.

The main difference between social insurance and commercial insurance:

1. The purpose of implementation is different. Social security is to provide members of society with basic protection when necessary, not for the purpose of profit; commercial insurance is the commercialization of insurance companies, for the purpose of profit;

2, the implementation of different ways. Social insurance is mandatory under national legislation, commercial insurance is to follow the principle of "freedom of contract", by enterprises and individuals voluntarily insured;

3, the implementation of the main body and the object is different. Social insurance by the state set up a specialized agency for fund-raising, management and issuance of funds, the object of the legal scope of the members of society; commercial insurance is the insurance company to operate and manage the insured can be eligible for coverage of any person:

4, the level of protection is different. Social insurance for the insured to provide protection is the most basic, its level is higher than the social poverty line, less than 50% of the average social wage, the degree of protection is low; commercial insurance to provide the level of protection depends entirely on the agreement of the two parties to the insurance and the amount of premiums paid by the policyholder, as long as they meet the conditions of the insurance and have a certain ability to pay the premiums, the insured person can obtain a high level of protection.

There is therefore a difference between the balance of the personal account of a social security card and the account balance. Generally, the balance of the personal account of a social security card is less than the amount of the account because it is only a part of the balance paid by the individual. While the account amount includes the balance of the individual's contribution as well as the coordinated account. The above is the difference between the balance of the personal account and the account amount of social security.

Expanded Information

The role of the social security card

1, personal social security-related information records, electronic vouchers and information query;

2, record the name of the insured person, identity card number, year of birth, gender, ethnicity, domicile location and other basic information;

3, Inquire about my pension, unemployment, medical care, work injury and maternity insurance payment;

4. You can use the card to go to the hospital for medical treatment, make settlement of medical insurance personal account, and buy medicines in the pharmacy;

5. Handle the social security affairs of medical care, unemployment, pension, work injury and maternity;

6. Inquire about the cumulative total of the pension and medical insurance and other information;

7.

7. Handling social security affairs such as receiving pensions, registering for job-seeking and unemployment, applying for unemployment insurance benefits, and applying for vocational training, etc.

8.

8, for identification.?

Conditions for applying for a social security card

People who meet the conditions for applying for a social security card can make an appointment with a claim outlet by phone or go directly to the social security card claim service outlets in the streets (towns) to apply for a social security card (including a school registration card). When applying for a social security card, you need to bring your ID card, hukou book, application form (citizens with a collective hukou need to bring a certificate of hukou registration issued by the police station or police station where the hukou is located) and other relevant documents.

References:

Baidu Encyclopedia: The Role of Social Security Card