What's the use of the money in the social security personal account?

What's the use of the money in the social security personal account?

The money in the social security personal account can be used in the following aspects:

1. Payment of medical expenses: The funds in the social security personal account can be used to pay the medical expenses incurred by seeing a doctor or purchasing medicines in designated medical institutions.

2. Pay the old-age insurance: After retirement, the money in the social security personal account can be used to pay for the old-age care and guarantee the basic life of the elderly.

3. Pay unemployment insurance: Once unemployed, the money in the social security personal account can be used to pay unemployment insurance to help the unemployed tide over the difficulties.

4. Pay work-related injury insurance benefits: If it is recognized as a work-related injury, the money in the social security personal account can be used to pay medical expenses, nursing expenses, disability allowance and other work-related injury insurance benefits.

5. Other purposes: Under certain circumstances, the money in the social security personal account can also be used to pay some other social insurance benefits or benefits.

Social security refers to social insurance, which is a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losses due to health reasons. In China, social insurance is an important part of social security system. Together with the housing accumulation fund, it constitutes a "safety net" for modern workers.

The main items of social security include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, which provide a series of protection for workers. For example, old-age insurance can provide retirement pension, medical insurance can pay medical expenses, unemployment insurance can provide unemployment allowance, industrial injury insurance can pay medical expenses and disability allowance, and maternity insurance can pay maternity allowance and medical expenses.

In China, the social security fund consists of fees paid by employers and workers and government financial subsidies. Workers can get corresponding social security benefits when they meet certain conditions. For example, workers can receive pensions when they reach the statutory retirement age; Workers can receive unemployment insurance money when they are unemployed; Workers who suffer work-related injuries can get compensation from work-related injury insurance; When employees give birth, they can get maternity insurance allowance.

In recent years, the government of China has been promoting the reform and improvement of the social security system. For example, the government put forward the goal of "universal insurance", aiming to let more people enjoy the protection of social security. In addition, the government has also introduced a series of policies and measures to help enterprises tide over the difficulties, such as reducing the social insurance premium of enterprises in stages and implementing the policy of delaying the payment of housing provident fund by enterprises.

In a word, social security is an important social security system, which provides various guarantees for workers and helps them cope with various risks in their lives.

To sum up:

The money in the social security personal account can be used to pay medical expenses, old-age insurance, unemployment insurance, industrial injury insurance benefits and other social insurance benefits or benefits. This money is accumulated during the insured's work and can provide financial support when necessary.

Legal basis:

Article 23 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Employees shall participate in the basic medical insurance for employees, and employers and employees shall 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. "

Article 24 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "The state establishes and improves the new rural cooperative medical system. The management measures for the new rural cooperative medical system are formulated by the State Council. "