Social insurance is derived from economic insurance and has common features with it, such as: contribution, common fund, designated risk, damage, loss coverage (benefit). The burden of the loss is shared by all those who participate in the creation of the fund to cover the loss of the person paying the contribution who is affected…
Summary of social insurance In Poland there are four types of insurance: pension, disability, sickness and accident. There is also health insurance regulated by the Law on Health Care Services. A separate premium is paid for each of these insurances. Insurance for persons running a non-agricultural business activity Persons running business activity are subject to…
What is social insurance? Social insurance provides you with benefits, should you become unable to work. Social Security contributions for this type of insurance are mandatory for all workplaces and employees. In this article you will read which social insurance contributions you must pay obligatorily and which you can pay voluntarily. We will also explain…
Are you affected by brexit? Which country’s social security system you are insured in depends on two factors: your employment status (employed, self-employed, unemployed, posted worker, cross-border commuter, etc.) and your country of residence – it does not depend on your nationality. You cannot therefore choose which country’s social security system you are covered by.…
Social Security Its existence is based on the contributions made by taxpayers, on a compulsory basis, through their pay slips or through the legally required contributions for carrying out an activity. What is Social Security? Although we have already talked about what Social Security is from a practical point of view, in reality Social Security…
Social insurance is a legally prescribed insurance system. Consequently, every citizen of the Federal Republic of Germany is obliged to take advantage of this comprehensive insurance coverage. The most important facts in brief Social insurance is mandatory for every citizen in Germany. It protects citizens against financial risks and ensures an adequate standard of living.…
Retirement System Every U.S. citizen is insured against old age, and if an insured event occurs (the general rule of thumb is reaching age 65), he or she may qualify for a pension. Let’s review the main points about the U.S. state pension program, as well as the nuances of private pension insurance. How pensions…
Social Security In addition to medical care, the United States has a well-developed social insurance system. Here the insured cases are as follows: unemployment, disability, loss of breadwinner, old age (we will consider the issue of pensions separately). If health insurance is private, then here the premiums are paid to the budgets (the federal and…