Is social security the same as insurance?

Legal analysis: social security is different from insurance. The difference between social security and insurance lies in different options, different behaviors and different selectivity. Social medical insurance has a wide coverage and low premium, and the degree of protection and reimbursement is naturally not as high as that of commercial medical insurance. Social medical insurance in each region will be different, even if it can be reimbursed through medical insurance, the reimbursement ratio will be greatly reduced. Therefore, if we only rely on social medical insurance and face more serious diseases, such protection is not enough.

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