What does social security really cover? Do you have to have insurance with social security?

What social security are you talking about Medicare? Pension insurance?

Whether it's health insurance or pension insurance, this is a social benefit that the state gives to each of us as citizens, in order to solve the basic needs of medical care and old age, but the social security is a guarantee but not a package.

Take the health insurance, the family has been hospitalized have experienced, although the reimbursement rate of about 70%, but after deducting the starting line, inside and outside the social security, reimbursement rate, the actual reimbursement accounted for the actual cost of about 50%,

That is to say, hospitalization to spend $ 10,000, out-of-pocket expenses of $ 10,000 5,000; and the more serious the disease, reimbursement will be the lower the percentage; really serious illnesses occur in addition to the medical expenses reimbursement. In addition to the reimbursement of medical expenses, but also consider the problem of income disruption, such as mortgage loans, car loans, education costs, etc., these are medical insurance can not be covered

Then say pension insurance, whether the annual increase in retired wages or pension replacement rate, is a downward trend, the reason for this is that fewer children aging, the labor force is insufficient to lead to if the country does not do a delayed retirement or to extend the pension insurance contribution period The pension reserve will be unable to cover its expenses by 2028 and will be in full deficit by 2035, so there is no way to guarantee a retirement life just by relying on post-retirement pension insurance!

The social security you are talking about is health insurance? Pension insurance? Whether it's Medicare or pension insurance, it's a social benefit that the state gives to each of our citizens in order to address basic medical and retirement needs, but social security is a guarantee, not a package. Take the health insurance, the family has been hospitalized have experienced, although the reimbursement rate of about 70%, but after deducting the starting line, social security inside and outside, the reimbursement rate, the actual reimbursement accounted for the actual cost of about 50%, that is to say, hospitalization to spend $ 10,000, out-of-pocket expenses of $ 10,000 5,000; and the more serious the disease, reimbursement will be the lower the percentage; really serious illnesses, in addition to reimbursement of medical expenses, we must also take into account the receipt of

Income interruption issues, such as mortgage loans, car loans, education costs, etc., these are medical insurance can not cover say pension insurance, whether the annual increase in retirement wages or pension replacement rate, is a downward trend, the reason for this is that fewer children aging, the labor force is insufficient to lead to if the country does not do a delayed retirement or to extend the pension insurance contribution period, the pension reserve to 2028 will be income will not be able to cover the expenses, 2035 will be a total deficit, so there is no way to ensure a retirement life just by relying on the retirement pension insurance!

What social security are you talking about? Pension insurance? Whether it's Medicare or pension insurance, it's a social benefit that the state gives to each of our citizens in order to address basic medical and retirement needs, but social security is a guarantee, not a package. Take the health insurance, the family has been hospitalized have experienced, although the reimbursement rate of about 70%, but after deducting the starting line, social security inside and outside, the reimbursement rate, the actual reimbursement

Sales accounted for the actual cost of about 50%, that is to say, hospitalization to spend $ 10,000, out-of-pocket expenses of $ 10,000,000 5,000; and the more serious the disease, reimbursement will be the lower the percentage; really serious illnesses, in addition to the reimbursement of medical expenses, but also consider the issue of income disruption, the reimbursement of medical costs. In addition, we also have to consider the problem of income interruption, such as mortgage loans, car loans, education costs, etc., these are medical insurance can not cover say that the pension insurance, regardless of the annual increase in retirement wages or pension replacement rate, are declining trend, the reason for this is that fewer children aging, the labor force is insufficient to lead to, if the country does not do a delayed retirement or to extend the number of years of contributions to the pension insurance, the pension reserves to 2028 will not be able to meet the expenses, 2028 will not be able to meet the expenses, 2028 will not be able to meet the expenses. If the state does not do delayed retirement or extend the contribution period, the pension reserve to 2028 will not be able to cover the expenses, 2035 will be all the deficit, so just rely on the retirement pension insurance is no way to guarantee the retirement life!