The purpose of social security payment

The purpose of paying social insurance is to ensure that individuals can get material help in the case of old age, illness, unemployment or childbirth. For example, those who have participated in medical insurance and meet the legal conditions can be reimbursed by medical insurance for most of their medical expenses during hospitalization, and those who have participated in endowment insurance 15 to the legal retirement age can receive a monthly pension.

1. What is the main purpose of paying social security?

The main purpose of paying social security is to protect citizens' right to get material help from the state and society in accordance with the law in the case of old age, illness, work injury, unemployment and childbirth. The role of social security is:

1, endowment insurance

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

2. Medical insurance

Individuals who participate in the basic medical insurance for employees, who have reached the statutory retirement age and accumulated contributions have reached the number of years stipulated by the state, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations.

3. Work injury insurance

Workers who are injured by accidents or suffer from occupational diseases due to work reasons and are recognized as work-related injuries shall enjoy work-related injury insurance benefits; Among them, those who lose their ability to work after the appraisal of their ability to work enjoy disability treatment. Workers with work-related injuries who meet the conditions for receiving basic old-age pension will stop receiving disability allowance and enjoy basic old-age insurance benefits. If the basic old-age insurance benefits are lower than the disability allowance, the difference will be made up by the industrial injury insurance fund.

4. Unemployment insurance

Unemployed persons who meet the following conditions shall receive unemployment insurance money from the unemployment insurance fund:

(a) before unemployment, the employer and I have paid unemployment insurance premiums for one year;

(two) the employment is not interrupted because of my will;

(three) registered unemployed and have job requirements. During the period of receiving unemployment insurance benefits, the unemployed participate in the basic medical insurance for employees and enjoy the basic medical insurance benefits. The basic medical insurance premiums payable by the unemployed are paid from the unemployment insurance fund, and individuals do not pay the basic medical insurance premiums.

5. Maternity insurance

The employer has paid maternity insurance, and its employees enjoy maternity insurance benefits; Unemployed spouses of employees enjoy maternity medical expenses in accordance with state regulations. The required funds are paid from the maternity insurance fund.

2. What insurance can an individual take out?

Individuals can participate in endowment insurance and medical insurance.

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

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees.

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.

Twenty-third employees should participate in the basic medical insurance for employees, and the employer and employees should jointly pay the basic medical insurance premiums in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

To sum up, paying social security is of great significance to the insured. Of course, freelancers cannot participate in maternity insurance, industrial injury insurance and unemployment insurance, but they can participate in basic medical insurance and old-age insurance according to law. In addition, for many migrant workers, paying social security is also related to settling down, buying a house or even buying a car.