Is the social security card a savings card or a credit card?

Social security card is a savings card, not a credit card. Social security card is a debit card with financial function, which is jointly issued by the Ministry of Social Security, the Ministry of Human Resources and banks for labor security and social security business. Social security card has two accounts: social security account and financial account. The specific functions are:

1. Social security card can be used for enrollment, account inquiry and treatment application. Now the social security card and employment card are combined into one, and unemployment registration and employment services can also be carried out. Social security cards are also needed for some inter-provincial businesses such as social security relationship transfer and treatment qualification certification.

2. The financial functions of social security cards are deposit, withdrawal, transfer and consumption. It's actually a bank savings card. In addition, pensions, unemployment benefits, work-related injury allowances and employment subsidies are distributed to social security cards, and can also be collected by social security cards, which simplifies the application procedures. There are still many places that distribute subsidies for benefiting farmers and benefiting the people to the social security cards of the corresponding groups, which is efficient and convenient, and can also avoid fraudulent use.

3. Social security card can be reimbursed for medical treatment and has the function of medical insurance card. Social security cards are used for settlement and reimbursement of medical treatment. This is what we usually call a "medical insurance card".

Social security cards are now used in more and more places for people's livelihood. Many cities have begun to implement the service mode of establishing a one-card system based on social security cards, which means that citizens can use social security cards to take public transport and borrow books. Realize the related services of smart city card system.

Social security card is a national unified standard, and social security number is a citizen ID number, which carries social security business and financial business and belongs to savings card. After all, credit card processing requires certain conditions. Specifically, 18-year-old adults need to provide economic proof to prove their repayment ability, have a stable job and income source, and have good credit and no bad records.

What are the collection methods of social insurance premiums?

1, proportional insurance system. This method is based on the wage income of the insured, and a certain proportion is stipulated to collect insurance premiums. Adopting the proportional system, the initial main purpose of social insurance is to compensate the income lost by the insured in risk accidents in order to maintain their minimum living. Therefore, we should refer to his usual income, on the one hand, as a standard to measure payment, on the other hand, as the basis for premium calculation. The biggest drawback of the work-based proportional insurance system is that the burden of social insurance is directly related to wages. Whether employers and employees bear social insurance premiums, or one of them bears social insurance premiums, the burden of social insurance is manifested in the increase of labor costs, which will lead to capital crowding out labor, thus leading to an increase in unemployment.

2. Equal insurance premium system. That is, regardless of the income of the insured or his employer, the insurance premium of the same amount should be charged. Countries that collect insurance premiums in this way generally adopt an equal share system when paying fees, which has the significance of equal income and expenditure. But its defect is that low-income people and high-income people pay the same premium, which is obviously unfair in terms of affordability.

Legal basis:

Article 63 of People's Republic of China (PRC) Social Insurance Law

If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit.