Is five insurance and social security one thing?

Pentacare and social security are not the same thing.

The five insurance and one gold is not social security, the two are not exactly the same. Social security includes medical insurance, pension insurance, unemployment insurance, maternity insurance, and worker's compensation insurance. And the five insurance and one gold includes pension insurance, medical insurance, maternity insurance, work injury insurance, unemployment insurance and housing fund.

Social insurance refers to a social and economic system that provides income or compensation for the population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance. The social insurance scheme is organized by the government, which forces a certain group of people to form a social insurance fund by paying a part of their income as a social insurance tax (fee), and the insured can receive a fixed amount of income or compensation for their losses from the fund if certain conditions are met; it is a redistributive system, and its goal is to ensure the reproduction of material and labor force and the stability of the society.

Components of the five insurance policies:

1. Pension insurance: to provide basic livelihood security for workers after retirement;

2. Medical insurance: to subsidize the medical expenses of workers and their family members;

3. Unemployment insurance: to provide the living expenses of unemployed workers for a certain period of time;

4. Work-related injuries: to provide medical expenses and living subsidies for workers who are injured at work or suffer from occupational diseases;

5. Maternity insurance: to provide certain financial subsidies for female workers to give birth;

6. Housing provident fund: aims to solve the housing problem for workers, providing housing savings and loan support.

In summary, the five insurance and one pension is a system that includes two parts: social insurance and housing fund, of which social insurance includes basic pension insurance, basic medical insurance, work injury insurance, unemployment insurance and maternity insurance. The housing fund, on the other hand, is a long-term reserve for solving the housing problems of employees.

Legal basis:

Social Insurance Law of the People's Republic of China

Article 2

The State establishes a social insurance system covering basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., and guarantees the right of citizens to receive material assistance from the State and society in accordance with the law, in the event of old age, sickness, industrial injury, unemployment or childbirth. rights.