What are the advantages and disadvantages of not paying social security at work?

If we don't have a work unit, paying social security by ourselves will have advantages and disadvantages for us. The advantage is that you can provide yourself with more medical security and old-age insurance. Its disadvantage lies in the relatively high cost of individual pension insurance and long service life.

Social security is of great significance to every citizen. Social insurance is of great significance to us, and the subjects of payment are different. For employees who go to work, social security shall be paid by the company or individual unit according to law. Among them, the employer will bear 80% of the insurance costs, and the remaining 20% will be borne by individuals. Paying insurance is the social welfare guarantee for citizens after retirement.

Of course, some people can only pay their own insurance because they can't take part in employment. This payment mode can also ensure that they can enjoy certain benefits after retirement.

Benefits of personal insurance payment: the payment standard can be set by yourself, which can reduce the burden on children. Some people choose to pay their own insurance. If they don't pay insurance, they can bring themselves more protection, including medical insurance and endowment insurance with social security connotation. When they get sick after buying insurance, they can enjoy medical reimbursement to reduce their economic losses caused by illness.

After individual contribution 15 years, after reaching retirement age, the insured can receive a monthly pension according to law, so that his old age life can be basically guaranteed. If you pay your own insurance, you can get a pension after the prescribed period of 15 expires. If the payment is extended to 25 years, you can enjoy the service of lifelong medical insurance, which can reduce a lot of expenses and reduce the burden on your children to a certain extent.

Disadvantages of individual insurance: high cost and long service life. Besides the advantages, there are also disadvantages. First, the cost of individual insurance is relatively high. At the time of insurance, the company will bear 80% of the expenses, but individuals need to pay 100% directly. For example, if a company pays insurance, an individual only needs to pay 400 yuan a month to 500 yuan, and if he pays insurance, he may have to pay nearly 2,000 yuan. The cost of a month is nearly 2000 yuan, so the life insurance cost of a year will reach 24000 yuan. Such a high fee will really discourage many people.

In addition, individuals must pay insurance for a long time. We have to pay insurance for at least 15 years before we can get a pension after retirement. If you want to enjoy lifelong medical insurance, medical insurance needs to be renewed for 25 years. With such a long annual salary, the cost of personal insurance will exceed several hundred thousand, and such a big economic burden is unacceptable to many people.

Individuals pay social security, as the case may be. Individuals should pay social security according to their own conditions. If there is a unit, it is best to let the unit pay social security. They can help the unit pay part of the social security to ensure their social welfare after retirement.

After all, it may be difficult for us to enjoy medical insurance when individuals pay social security due to excessive economic pressure, and 60% of our social security contributions go into the overall account. In case of surrender, only 40% of the fee can be refunded, which is very uneconomical. Therefore, the insured person must choose whether to participate in social security payment by himself or let the company participate in social security payment according to his own situation.

Ultimately, individuals paying social insurance has advantages and disadvantages. We should consider which payment method is beneficial to them according to the actual situation. Only in this way can we ensure that they can enjoy social welfare after paying the social security period.