What are the benefits of students buying social security?

Legal analysis: The main function of the student social security card is the electronic information card that the medical insurance agency handles for the insured to seek medical treatment and purchase medicines, which is used to verify their identity, record and store the funds in their personal accounts and their usage. The main functions of student social security card are to see a doctor, buy medicine and submit an expense account.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Tenth employees should participate in the basic old-age insurance, and employers and employees should 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.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.