Is it cost-effective to pay five insurances?

Whether the five insurances are cost-effective or not needs to be decided according to personal circumstances. If you have a stable job and income, it is recommended to pay five insurances and one gold on time to protect your social security and pension. If you are a freelancer or have unstable income, you can choose whether to pay five insurances and one gold according to the actual situation.

Five insurances and one gold refer to social insurance and housing accumulation fund for employees, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund. These guarantees can provide employees with social security, pensions and other benefits.

Whether to pay five insurances and one gold needs to be decided according to personal circumstances. If you have a stable job and income, it is recommended to pay five insurances and one gold on time so that you can get the corresponding social security and pension after retirement. At the same time, you can get corresponding medical assistance in case of accidents or diseases.

If you are a freelancer or have unstable income, you can choose whether to pay five insurances and one gold according to the actual situation. If the income is low or the job is unstable, you can temporarily not pay five insurances and one gold to reduce the economic burden. However, it should be noted that if you don't pay five insurances and one gold for a long time, it may affect your social security and pension benefits.

What if I work in a company but the company doesn't pay me five insurances and one gold?

If the company fails to pay you five insurances and one gold, you can complain to the labor inspection department and ask the company to pay the corresponding social security and housing accumulation fund.

It should be noted that relevant laws, regulations and procedures need to be observed during relevant operations. At the same time, when choosing whether to pay five insurances and one gold, you need to consider it comprehensively according to your actual situation.

Legal basis:

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.