It is good to pay social security at work. In work and life, it is inevitable that you will need money when you get sick or have an accident. Having insurance can reduce the burden.

The functions of social security: 1. The more an individual pays, the more the employer will invest for you.

The five insurances and one fund payment are based on the same base and different proportions are borne by the unit and the individual.

2. The social security provident fund payment is tax-free. Not only is no personal income tax deducted when paying, nor is personal income tax deducted when receiving benefits, but interest tax is not deducted from the special account; and if it is paid to the individual as salary, personal income tax needs to be withheld.

If you deposit it in a bank, there will also be interest tax.

3. After paying pension insurance for the minimum number of years, you can retire and receive a monthly pension after reaching the legal retirement age.

Pensions can be collected until death, and will only increase but not decrease as social living standards improve. The capital will be adjusted and increased every year, which can provide stable and reliable protection in old age.

4. You can get reimbursement from medical insurance by paying for medical insurance; if the accumulated in-service contributions meet the minimum number of years, you will no longer have to pay basic medical fees after retirement and can enjoy medical insurance benefits with a higher level of reimbursement than in-service reimbursement.

5. Paying maternity insurance can reimburse the cost of prenatal examination, family planning surgery and delivery surgery.

Moreover, the maternity insurance premium is entirely borne by the employer.

6. By paying unemployment insurance, you can receive unemployment insurance benefits and other subsidies when you lose your job.

Insurance such as unemployment insurance is policy insurance and is usually not available from commercial insurance companies.

7. By paying for work-related injury insurance, you can get compensation when you encounter work-related accidents or occupational diseases. You are not afraid of 10,000 yuan, just in case, especially for some major accidents, and you don’t have to worry about small companies delaying payment of benefits.

Moreover, work-related injury insurance premiums are entirely borne by the employer.

8. Paying the housing provident fund is equivalent to the employer depositing a tax-free income in the same proportion as you, which can be withdrawn for housing-related purposes. If it is not used up while working, it can also be withdrawn in one go after retirement; in addition, the housing provident fund loan interest rate is higher than

Business loans are low.

Is social security a national policy insurance? Social security is a national policy insurance and is enforced by the state. It includes state subsidies. Social security has certain welfare benefits. Especially in terms of protection after old age, commercial insurance is incomparable.

Yes, for example, no insurance company provides coverage for medical expenses for diseases after the age of 65 (except for major diseases), but social security medical care can.

Commercial insurance is voluntary and for-profit. It is a useful supplement to national social security and can effectively make up for the shortcomings of social security.

For example, there are restrictions on the location where accidental disability insurance can supplement social insurance for work-related injuries; accidental injury medical insurance can supplement social medical insurance for general outpatient and emergency care; there are limits on the amount of critical illness insurance that can supplement social medical insurance for critical illness; critical illness insurance can be chosen for life (because critical illness insurance itself also comes with

(With the death protection function of life insurance) or other life insurance, this is a shortcoming of supplementing social pension insurance: if unfortunately you die early (before the age of collection), the social pension insurance will only refund the amount of your personal account (which is not cost-effective. This way)

Purchase a commercial whole life insurance together, so that if something goes wrong, you can get a large amount of compensation from the commercial life insurance. If you live a healthy and long life, you will receive a lot of pensions. In this way, you will be a "winner" no matter what the situation is.

Each has its own pros and cons and cannot completely replace each other. If economic conditions permit, a combination of the two is the best, because the two can complement and enrich each other. Social security is the most basic guarantee, but its level of protection is low and cannot completely solve the problem.

Future pension and medical issues. I hope the above content will be helpful to you. If you have other questions, please consult a professional lawyer. Legal basis: Article 23 of the "Social Insurance Law of the People's Republic of China" Employees should participate.

For basic medical insurance for employees, the employer and employees shall jointly pay the basic medical insurance premiums in accordance with national regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees, and other flexible employment personnel.

You can participate in the basic medical insurance for employees, and individuals shall pay basic medical insurance premiums in accordance with national regulations. Article 27 If an individual who participates in the basic medical insurance for employees reaches the legal retirement age and has made cumulative contributions for the number of years specified by the state, he will no longer pay basic medical insurance premiums after retirement.

Medical insurance premiums are entitled to basic medical insurance benefits in accordance with national regulations; those who have not reached the nationally prescribed years can pay premiums until the nationally prescribed years. Article 28 Those who comply with the basic medical insurance drug catalog, diagnosis and treatment items, medical service facility standards, and emergency and rescue services.

The medical expenses of the insured persons shall be paid from the basic medical insurance fund in accordance with national regulations. Article 29 The part of the medical expenses of the insured persons that shall be paid by the basic medical insurance fund shall be paid directly by the social insurance agency and the medical institution and pharmaceutical business unit.

Settlement. The social insurance administrative department and the health administrative department should establish a settlement system for medical expenses in other places to facilitate insured persons to enjoy basic medical insurance benefits.