What does social security mean at its own expense?

Self-funded social security refers to the fact that when employees pay social insurance, they choose to pay a part of the insurance premium higher than the social security standard stipulated by the state in order to enjoy basic social security and obtain higher compensation or security. For example, employees can choose to pay commercial medical insurance and supplementary endowment insurance.

The advantage of self-funded social security is that it can improve the security level of employees in terms of birth, illness and death, and increase their ability to cope with accidents and major diseases. At the same time, it can also provide a more relaxed economic foundation for employees' retirement life and alleviate the pressure of life after retirement.

When employees choose self-funded social security, they need to choose insurance items and rates that suit them according to their actual conditions and needs. At the same time, it is necessary to plan the financial situation of families and individuals reasonably, taking into account the current daily living expenses and future security needs. Finally, we should carefully understand the relevant policies and insurance products to ensure that our rights and interests can be legally safeguarded.