Is it better to buy first or second class social security

First-tier social security usually covers basic protection, while second-tier may include more additional protection. Therefore, when choosing one, you should consider your financial situation, health needs, future plans and other factors.

I. The basic contents of social security first grade and second grade

Social security first grade usually includes five major types of protection, including basic medical care, old age pension, work injury, unemployment and maternity, which are the basic protection that everyone may need in their daily life.

The second tier of social security, on the other hand, adds more additional protection on top of the first tier, such as higher medical reimbursement, more comprehensive old-age protection, and richer maternity insurance. These additional benefits provide more comprehensive protection, but accordingly, higher social security contributions are required.

Two, personal financial status and health needs

When choosing a social security class, a person's financial status is an important factor to consider. If an individual is in a better financial situation and wants more comprehensive protection, then choosing the second level of social security may be more appropriate. However, if an individual is in a tighter financial situation or has a more urgent need for basic protection, then the first tier of social security may be more appropriate.

In addition, an individual's health needs are also a factor to consider when choosing a social security bracket. If an individual is in good health and does not have a high need for medical reimbursement, then the first level of social security may be sufficient to meet the needs. However, if the individual has certain health problems or needs higher medical reimbursement, then choosing the second level of social security may be more appropriate.

Third, future planning and development

When choosing a social security class, the individual's future planning and development is also a factor to consider. If an individual has higher expectations and plans for the future, such as plans to purchase a home, raise children, etc., then more financial reserves and more comprehensive protection may be needed. In this case, it may be more appropriate to opt for second-tier social security.

In summary:

There is no fixed answer as to whether it is better to buy a first or second grade of social security. When choosing a social security grade, one should consider one's financial situation, health needs, future plans and other factors to choose the social security grade that best suits one's needs. Regardless of which bracket you choose, you should make sure that you will be able to get enough protection against any risks that may arise.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 10 stipulates:

Employees shall take part in basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, and maternity insurance, and shall be required by the employer and the employees to pay the basic pension insurance premiums, basic medical insurance premiums, industrial injury insurance premiums, unemployment insurance premiums, maternity insurance premiums, and maternity insurance premiums, together with the employers and the employees in accordance with state regulations***. premiums, unemployment insurance premiums, and maternity insurance premiums.

The Social Insurance Law of the People's Republic of China

Article 12 stipulates:

Employers shall pay basic pension insurance premiums according to the proportion of the total wages of their own employees stipulated by the State, which shall be credited to the Basic Pension Insurance Coordination Fund. Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages stipulated by the State and credited to their individual accounts.