Is it cost-effective to pay five insurance at the age of forty-five

The cost-effectiveness of paying five insurance at the age of forty-five is as follows:

1. Starting to pay social security at the age of forty-five will allow you to meet the minimum number of years of contributions in a shorter period of time, so that you can enjoy pension benefits when you retire;

2. Early payment of social security will result in a lower amount of monthly contributions, while late payment will result in a higher amount of monthly contributions, but ultimately the difference in the amount of the personal account will be small;

3, The minimum payment period for pension insurance is 15 years, while medical insurance needs to be paid for at least 25/30 years. Starting from the age of forty-five, for most people, they can meet the contribution requirements for medical insurance at the time of retirement;

4. Individual's health condition and financial status are the key factors in deciding when to start paying for social security, and those who are not in good health should pay for it as early as possible in order to get medical protection.

The number of years of social security contributions:

1, the impact of the number of years of social security contributions on the pension: the number of years of social security contributions is one of the important factors in calculating the amount of the pension;

2, the relationship between the number of years of social security contributions and the reimbursement rate of medical insurance: usually, the longer the number of years of contributions, the higher the rate of reimbursement of medical insurance is likely;

3, the number of years of social security contributions The conditions for enjoying unemployment insurance treatment: the receipt of unemployment insurance usually requires a certain number of years of social security contributions;

4. The relationship between the number of years of social security contributions and work injury insurance: the compensation standard of work injury insurance may take into account the number of years of social security contributions;

5. The impact of the number of years of social security contributions on the treatment of old-age insurance: the conditions of receipt of old-age insurance and calculation of the treatment are closely related to the number of years of contributions. closely related.

In summary, from the age of forty-five to start paying five insurance, although the difference in the amount of personal account is not large, but can meet the minimum number of years of contributions in a relatively short period of time, enjoy the retirement pension treatment, and meet the requirements of medical insurance, suitable for the physical condition of the people who are in poor health or want to get protection as soon as possible, but the individual's financial ability is also an important factor to consider.

Legal basis:

"Chinese People's **** and State Social Insurance Law"

Article 23

Employees shall participate in the basic medical insurance for employees, and shall pay the basic medical insurance premiums by the employer and the employee in accordance with the state regulations **** the same. Individual industrial and commercial households without employees, part-time workers who do not participate in the basic medical insurance for employees at the employing organization, and other flexibly employed persons may participate in the basic medical insurance for employees, and the individuals shall pay the basic medical insurance premiums in accordance with the state regulations.

Article 58

An employing unit shall, within thirty days from the date of employment, apply to a social insurance agency for social insurance registration for its employees. If it fails to register for social insurance, the social insurance administration organization shall approve the social insurance premiums it shall pay. Individual entrepreneurs without employees who voluntarily participate in social insurance, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons shall apply for social insurance registration with the social insurance administration organization. The State establishes a nationally unified individual social security number. Individual social security numbers are citizens' identity numbers.