What is the balance of the social security card?

The balance of social security card refers to the funds stored in the personal account of social security card, which mainly includes the social security fees paid by individuals and the possible government subsidies or units.

First, the source of social security card balance

The social security card balance mainly comes from the following aspects:

1. Social security expenses paid by individuals: including personal contributions of five social insurances, such as endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance.

2. Government subsidies: The government may subsidize the personal accounts of social security cards for specific groups or policies.

3. Part paid by the company: In some cases, the company may also pay a part of social security fees for employees, which are also included in the personal account of the social security card.

Second, the use of social security card balance

The balance of the social security card is mainly used to pay personal social security benefits, including:

1. Medical insurance reimbursement: When an individual suffers from medical expenses due to illness, the balance of social security card can be used for reimbursement, thus reducing the personal financial burden.

2. Old-age insurance collection: After an individual reaches the statutory retirement age, he can receive old-age insurance, which is generally paid from the personal account of social security card.

3. Other social security benefits: According to the policy of the region where the individual is located, the balance of the social security card can also be used to pay other social security benefits, such as unemployment insurance and work injury insurance.

Iii. Management and inquiry of social security card balance

The social security department is responsible for the management of social security card balance, and individuals can know their social security card balance through the social security card inquiry terminal and online inquiry. At the same time, individuals should also pay attention to protecting their social security cards and related information to prevent others from using or stealing them.

To sum up:

The balance of social security card is the funds stored in the personal account of social security card, which mainly comes from the social security fees paid by individuals, government subsidies and the part paid by the unit. These funds are mainly used to pay personal social security benefits, such as medical insurance reimbursement and endowment insurance collection. Individuals can know the balance of their social security cards through inquiry, and keep their social security cards and related information properly.

Legal basis:

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

Article 58 provides that:

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

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

Article 60 provides that:

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

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

Article 63 provides that:

If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit. If the employer fails to pay or repay the social insurance premium within the time limit, the social insurance premium collection agency may inquire about its deposit account in banks and other financial institutions; And can apply to the relevant administrative departments at or above the county level to make a decision on the allocation of social insurance premiums, and notify their bank or other financial institutions in writing to allocate social insurance premiums. If the balance of the employer's account is less than the social insurance premium that should be paid, the social insurance premium collection agency may require the employer to provide guarantee and sign a deferred payment agreement. If the employer fails to pay the social insurance premium in full and fails to provide guarantee, the social insurance premium collection agency may apply to the people's court for sealing up, distraining and auctioning the property whose value is equivalent to the social insurance premium that should be paid, so as to offset the social insurance premium with the proceeds from the auction.