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 corresponding fund, which is the second largest, after the pension, non-budgetary source of funding. Targeted payments within the framework of social insurance are payments for temporary disability, financing of pregnant women and women who have given birth, payments of benefits for the care of a child, for caring for him up to one and a half years. The fund also pays for sanatorium and resort treatment for beneficiaries. The funds for the social insurance fund are formed from the insurance premiums of enterprises, regardless of the form of ownership. In addition, an item for financing the fund is included in the federal budget. Contributions to this fund are also accepted from individuals. An employee who has entered into an employment contract automatically becomes insured under compulsory social insurance, and is entitled to compensation in case of temporary disability. Those. his temporary absence from the workplace due to any illness, which a person confirms with an official document - a sick leave - will be paid from the funds from the social insurance fund. According to federal law, under the compulsory social insurance compensation is paid to employees who have been injured or production. To receive these payments, it is necessary to correctly draw up certificates of incapacity for work in accordance with the regulations, that is, the sick leave must contain a mandatory indication of the connection between the incapacity for work and production activities. Before going on maternity leave, a pregnant woman receives a lump sum, after childbirth - a childbirth allowance, and then, for a year and a half, she is paid monthly childcare products. Pensioners receive medical assistance, as well as medicines at preferential prices. They are also provided with the possibility of spa treatment. Thus, social insurance is necessary for all categories of citizens.