Advantages and disadvantages of social security transfer

Legal analysis: social security is not transferred, and other types of insurance except pension can only be paid again, because none of them can be paid off. However, it does not have much impact on the old-age insurance, as long as the old-age insurance is paid before retirement 15 years. However, it also wastes the amount paid before and the payment period. It is recommended to go through the insurance transfer formalities immediately after leaving the company. The transfer of social security has a positive impact on employees themselves, allowing employees to accumulate years of social security payment. Make it easier for employees to reach the accumulated fifteen-year payment period. After reaching retirement age, employees can only receive pension insurance after paying pension insurance 15 years, so it is very necessary to transfer to social security accumulation.

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

Twenty-sixth basic medical insurance for employees, new rural cooperative medical care and basic medical insurance for urban residents shall be implemented in accordance with state regulations.

Twenty-ninth medical expenses of the insured shall be paid by the basic medical insurance fund, and shall be directly settled by the social insurance agency, medical institutions and pharmaceutical business units.