Is it better for individuals to pay social security or for companies?

It is more cost-effective if the company pays, because the company can pay maternity insurance, but individuals can't buy maternity insurance if they pay it themselves, which is not good for women who are about to have children.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

From June 5438+1 October1day, 2020, Hong Kong, Macao and Taiwan residents who work, live and study in the mainland (mainland) will have social security cards and enjoy the legitimate rights and interests of social insurance and social insurance benefits as mainland residents do.