Does social security mean five insurances and one gold?

Social security is different from five insurances and one gold, but there are differences. Social security does not include housing accumulation fund.

Social security is the abbreviation of social insurance, which refers to five kinds of insurance: endowment insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance. Five insurances and one gold refer to endowment insurance, medical insurance, maternity insurance, unemployment insurance, industrial injury insurance and housing accumulation fund.

The scope is different: social insurance only includes five types of insurance, such as endowment insurance, but five insurances and one gold also include housing accumulation fund. That is, five insurances and one gold include social security.

In other words, five of the five insurances and one gold are social security. Therefore, social security does not include housing provident fund, and social security is different from housing provident fund.

What are the benefits of paying five insurances and one gold?

The use of five kinds of insurance and housing provident fund is different. Housing provident fund should be used to improve the living conditions of employees and solve the problems of housing and renting houses for employees. The main purpose of old-age insurance is to ensure the basic life of the insured after his old age and give the elderly a guaranteed old-age life. Medical insurance can ensure that the insured get basic medical services and reduce the pressure on the insured to see a doctor. The function of work-related injury insurance is to protect the legitimate rights and interests of workers with work-related injuries, and to ensure their access to basic medical services and the basic life of their families with work-related injuries. The purpose of unemployment insurance is to ensure the basic livelihood of the unemployed during unemployment. The role of maternity insurance is to ensure the basic life of maternity workers during their childbearing period and ensure their timely access to medical services.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law? Social insurance funds include basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it.

The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.