Advantages and disadvantages of buying social security in different places

The advantages and disadvantages of purchasing social security in different places are as follows:

1. Different payment bases: there are differences in social security payment bases between regions, which will affect the payment amount of individuals and units.

2. Effect of treatment: Cross-regional social security may affect the eligibility for house purchase and medical insurance reimbursement.

3. Payment years: When social security is transferred, only the cumulative payment years are calculated, which may affect the continuous payment years.

4. Restrictions on the use of medical insurance: Cross-regional social security may lead to the use of medical insurance cards only at the place of purchase, and the reimbursement procedures in different places may be complicated.

5. Inconvenient collection and payment after retirement: After cross-regional social security retirement, the collection and payment process may generate additional handling fees, and the annual review process is cumbersome.

6. Handling of industrial injury and unemployment: Cross-regional social security may have more complicated procedures when dealing with industrial injury and unemployment.

Social security participation policy:

1. Qualification: Different regions may have different qualification requirements for the insured, and generally require the insured to have legal and stable work and residence certificates in the local area;

2. Insurance procedures: Insured personnel need to complete relevant registration, data submission and payment procedures in accordance with the regulations of the local social security management department;

3. Payment standard: Different regions set different social security payment standards and proportions according to the local economic development level and social security policies;

4. Social security benefits: after meeting certain conditions, the insured can enjoy social insurance benefits such as pension, medical care, unemployment, work injury and maternity;

5. Transfer and connection: With the improvement of the social security system, when the insured moves across regions, their social security relationship can be transferred and connected, and their rights and interests will not be affected.

To sum up, although the purchase of social security in different places provides some flexibility, there are also many disadvantages, such as the difference in payment base, the possibility of affecting the purchase of houses and medical treatment, the calculation of continuous payment years, the restriction on the use of medical insurance, the inconvenience of retirement, and the cumbersome procedures for work-related injuries and unemployment, which need to be carefully considered.

Legal basis:

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

Article 19

If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred with him, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.

Article 32

If an individual is employed across the overall planning area, his basic medical insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively.

Article 57

The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate.

Interim Measures for the Transfer and Continuation of Basic Old-age Insurance for Employees of Urban Enterprises

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If the insured person is employed in inter-provincial flow, the social insurance agency of the original insured place (hereinafter referred to as the social security agency) shall issue the certificate of insurance payment, and the basic old-age insurance relationship shall be transferred to the new insured place.

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

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.