Is the social security paid by affiliated companies in Wuhan really cost-effective?

In fact, a company can only pay a set of five insurances, namely, endowment insurance, maternity insurance, medical insurance, unemployment insurance and industrial injury insurance, if it pays social security for its employees or affiliated companies. If you pay for it yourself, you can only pay for old-age insurance and medical insurance, and you can't pay the rest, losing a lot of protection.

In addition, individuals and affiliated companies pay different amounts. For example, in Wuhan, affiliated companies can choose 60%-300% of Wuhan social security payment base in the previous year according to their own conditions. If it is an individual, it can only be paid in full according to the payment base of social security. Moreover, the social security paid by companies and individuals is different, and the pension benefits in the future are different.

Social security has more important uses. Personal social security is not enough to settle down and buy a house. Both household registration and buying a house need social security for urban workers. If you want to pay social security for urban workers, you can only pay it if you are affiliated with a company. Therefore, it is suggested that you pay social security for affiliated companies, which is not only very beneficial for you to buy a house and settle down, but also can enjoy medical and maternity protection normally.