What does social security balance mean?

Social security balance refers to the balance left in the personal account of an independent natural person opened in the local social security center in the name of an individual, and social insurance is the welfare treatment.

According to Cai Xi. Com, social security balance is a personal account opened by an independent natural person in the local social security center with social insurance as welfare treatment. Personal social security accounts are divided into medical accounts and pension accounts. Others include (maternity, work injury, unemployment, etc.). Are stored in the social security center).

The social security card with UnionPay logo on it can be used as a bank card. In fact, the premise of debit card is that customers need to save money before they can withdraw money. In addition, the money paid to social security cannot be taken out, and can only be used for medical insurance reimbursement or drug purchase fines. In fact, the savings account and the personal social security account are combined in one social security card, but the two accounts are also independent of each other. The first new-generation social security card is made according to China's unified standards, which has complete social security service functions and banking services. The front of a multifunctional national new-generation social security card is useful for the cardholder's photo, name, social security card number, bank account number and other information. On the reverse side of the social security card are the words * * * of China people and the words "National Social Security Card". The new social security card can be used as an ordinary China UnionPay debit card, with financial functions such as cash storage, transfer, transaction, investment and wealth management. The previous social security card was only used for personal accounts of employees' basic medical insurance, and it did not realize the functions of full social security benefits and viewing social security participation information.