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Can I still buy social security at the age of 55?

Social security can be bought at the age of 55.

For 55-year-old people, although they are about to or have reached retirement age, they can still buy social security. This is mainly to ensure that you can enjoy the basic old-age insurance benefits after retirement. By purchasing social security, you can accumulate a certain pension for yourself and ensure a stable source of income after retirement.

If you buy social security after the age of 55, the specific benefits you can enjoy after retirement mainly include the following two points:

1. The basic pension is calculated according to the individual's payment period, payment base and social average wage at the time of payment. Those who continue to purchase social security after the age of 55, reach the legal retirement age, and the accumulated payment reaches 15 years, are eligible to receive the basic pension on a monthly basis. The amount of this pension will vary according to the individual's contribution, but it can usually provide some financial support to ensure the basic life after retirement.

2. Relevant social security benefits. For example, medical insurance is an important part of social security. Even after retirement, as long as you continue to pay medical insurance fees, you can enjoy medical insurance benefits, including hospitalization reimbursement and outpatient reimbursement. This is very important for dealing with possible medical expenses.

3. Unemployment insurance, industrial injury insurance and other welfare benefits.

To sum up, 55-year-old can also buy social security, which can not only guarantee the basic life after retirement, but also cope with various risks and challenges in life.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.