What is the difference between hanging a company to buy social security and buying it by individuals?

There are three differences between companies buying social security and individuals buying insurance: different types of insurance, different expenses and different retirement ages.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance taxes and fees to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

The difference between companies buying social security and individuals buying social security;

1, different types of insurance. Insurance paid by individuals is handled at the flexible employment window of the Social Security Bureau. There are only two kinds of insurance: endowment insurance and medical insurance. Flexible employees can choose to pay only social security or social security insurance. Associated company insurance, endowment insurance, medical insurance, maternity insurance, industrial injury insurance and unemployment insurance;

2, the cost is different. The insurance paid by individuals is relatively low, because flexible employees can only choose to pay endowment insurance and medical insurance. This endowment insurance only needs to pay 20%, and medical insurance can also choose 4%. The insurance of affiliated companies is relatively high, so the expenses borne by social security affiliated companies should be borne by individuals, and an agency fee should be given to the affiliated companies;

3. The retirement age is different. Gay men who are personally insured are 60 years old, and women who are insured in flexible employment are 55 years old. Gay men who are affiliated with company insurance are 60 years old, and lesbians in enterprises are 50 years old.

legal ground

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

Eighth social insurance agencies to provide social insurance services, responsible for social insurance registration, personal rights and interests records, social insurance benefits payment and other work.