Is it good to pay social security or not?

Social security is a national policy insurance, which is enforced by the state. With state subsidies, social security has certain benefits, especially in terms of security after old age. For example, there is no insurance company to provide medical expenses for diseases (except major diseases) after the age of 65, and social security medical care can. Commercial insurance is voluntary and for-profit, which is a useful supplement to the national social security and can effectively supplement the shortage of social security. For example, accidental disability insurance supplements the location restrictions of social security work-related injuries; Accidental injury medical insurance supplements social medical insurance, regardless of general outpatient and emergency; The limit of critical illness insurance to supplement the amount of critical illness in social medical insurance; The choice of critical illness life insurance (because critical illness insurance itself has the function of death protection of life insurance) or other life insurance is to make up for the defects of social endowment insurance: if you die prematurely (under age), social endowment insurance only returns the amount of your personal account (uneconomical). In this way, if you buy a commercial whole life insurance, you can get a lot of compensation from commercial life insurance if something goes wrong. If you live a long and healthy life, you can get a lot of pensions, so you are a winner anyway. National social security and commercial insurance have their own advantages and disadvantages and cannot completely replace each other. If economic conditions permit, the combination of the two is the best, because they can complement each other and enrich each other. Social security is the most basic guarantee, and the degree of protection is low, which can not completely solve the future pension and medical problems.

Legal objectivity:

Article 64 of the Social Insurance Law of People's Republic of China (PRC) includes basic old-age insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.