What is the impact of social security cutoff in 2023

Social security disconnection in 2023 will lead to problems such as social security funds not being able to settle with each other and difficulties in accessing medical care across provinces, which will have a negative impact on both insured persons and enterprises.

Social security disconnection refers to the inability to complete the settlement of social security funds across regions. According to the plan, starting in 2023, provinces and cities across the country will realize the social security fund disconnection, which has aroused widespread concern. Social security disconnection will have a negative impact on both participants and enterprises. First of all, the social security funds of different regions will not be able to settle with each other after the disconnection, and the payment of individual social security benefits may be hindered. Secondly, it will be more difficult to reimburse medical consultations for cross-provincial medical treatment, requiring additional procedures and time costs, which will cause inconvenience to patients. In addition, enterprises will also face problems in terms of social security contributions and settlements in multiple places, bringing risks and pressure to their operations and development. For insured persons and enterprises, they should try to avoid cross-provincial medical treatment and choose to live and work in the same region. In addition, pay attention to policy changes and related notices so that they can keep abreast of the impact of social security breaks on them and take appropriate measures to cope with them.

How to deal with the balance of social security personal account that has been accumulated before after the social security payment is cut off? After social security payment is cut off, the balance of social security personal account that has been accumulated before will be kept in the original area and cannot be transferred at will. Participants can choose to continue to participate in social security in the original region, or go to a new region to re-apply for social security procedures, but need to re-open personal accounts and pay social security fees. Enterprises, on the other hand, need to follow the regulations for multi-location social security payment and settlement procedures.

Breakage of social security will lead to problems such as social security funds not being able to settle with each other and difficulties in obtaining medical treatment across provinces, which will have a negative impact on both participants and enterprises. Participants and enterprises need to pay attention to the policy changes and related notices, to keep abreast of the impact of social security severance on them, and take appropriate measures to cope with it. The balance of the social security personal account that has been accumulated before will be retained in the original area after the social security payment is cut off, and cannot be transferred at will.

Legal basis:

Article 10 of the Social Insurance Law of the People's Republic of China (PRC) Employees shall participate in basic pension insurance, and shall pay the basic pension insurance premiums by the employer and the employee *** together. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff managed under the civil service law shall be prescribed by the State Council.