Social insurance is a system of providing and supporting people who, due to old age, or for other reasons, are disabled. This system is installed, guaranteed and controlled by the state.
Funds for social insurance payments are taken from the appropriate fund, which is the second largest, after a pension, extra-budgetary source of financing. Target payments under social insurance are payments for temporary disability, financing of pregnant women and women who have given birth, payment of benefits for caring for a child, caring for him up to one and a half years. The fund also pays for spa treatment for beneficiaries. The funds for the social insurance fund are formed from insurance contributions of enterprises, regardless of ownership. In addition, the article on fund financing is included in the federal budget. Contributions to this fund are also accepted from individuals. An employee who has entered into a labor contract automatically becomes insured under compulsory social insurance and has the right to rely on compensation in the event of temporary disability. Those. his temporary absence from the workplace due to any illness that a person confirms with an official document - a sick leave certificate - will be paid for from the social insurance fund. According to federal law, compulsory social insurance pays compensation to workers who have been injured or have an occupational disease production. To receive these payments, it is necessary to correctly draw up certificates of incapacity for work in accordance with the regulation, that is, the sick leave must contain an obligatory indication of the relationship of the incapacity for work with production activities. A pregnant woman receives a lump-sum allowance before going on maternity leave, after childbirth - a benefit for the birth of a child, and then, for a year and a half, she is paid monthly funds to care for her baby. Retirees receive medical care and also medicines at reduced prices. They are also given the opportunity of spa treatment. Thus, social insurance is necessary for all categories of citizens.
