Which is more cost-effective to pay social security by yourself or by the unit?

It is more cost-effective for companies to pay social security, and the analysis is as follows:

1, the company's social insurance covers five risks, including employee social insurance, endowment insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance; These requirements are mandatory and obligatory, and the expenses are borne by the enterprise and employees in a certain proportion.

2. Individuals generally pay social security as flexible employees, and all social security expenses are borne by individuals, only participating in endowment insurance and medical insurance. Some areas can participate in unemployment insurance, but there is no work-related injury insurance, maternity insurance and housing accumulation fund;

The company pays us endowment insurance, the unit generally pays 20%, the individual only needs to pay 8%, a total of 28%, and the social security is only 23%; The company pays social security, and the medical insurance card will receive a sum of money every month, that is, the money in the personal account, which can be used to see a doctor.

Conceptual differences between individual paying social security and unit paying social security;

Unit payment:

The law stipulates that the company must pay full social security for its employees, which is the legal obligation of both parties.

Among the five insurances and one gold paid by the company for us, pension, medical care and unemployment insurance are paid by the company and individuals. Maternity insurance and industrial injury insurance are paid by the company;

Personal contribution:

If you are unemployed, or you are a freelancer, you can pay the basic medical insurance and old-age insurance yourself, which is voluntary.

To sum up, it is more cost-effective for units to pay social security than for individuals.

Legal basis:

Article 2 of the Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.