What does social security use? N measures insurance? M

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Social security is the abbreviation of social insurance, which is legal insurance and can also be called policy insurance. It is an insurance implemented and managed by the state administrative department by administrative means according to the law. All working or self-employed adults must take out insurance. Can provide economic security for the insured within the scope of basic medical insurance, basic endowment insurance, work injury insurance, unemployment insurance and maternity insurance. Because social insurance is a government act, it is mandatory. Employers (or institutions) should sign labor contracts when hiring employees, and employers (or institutions) should handle social insurance for employees, which is the social responsibility and obligation of employers. If the company does not provide social security for its employees, it is illegal.

Individuals can participate in social security as freelancers at their registered permanent residence (at least this is the current policy), and then they have to fulfill their obligations of timely, full and continuous payment. Insured people can get relevant economic security when they encounter the above problems of basic medical care, basic old-age care and maternity insurance.

Social security emphasizes social equity (only one for each insured person), and its basic principles are: low level and wide coverage. Promise, no promise. Therefore, its degree of protection can not fully meet individual needs, and it needs commercial insurance to supplement it.