Social insurance is also referred to as public assistance.

Question

Quizplus · Accepted Answer

Social insurance and public assistance are two distinct forms of government programs designed to provide financial support to individuals. Social insurance is based on insurance principles and typically requires individuals to pay into the system to be eligible for benefits (e.g., Social Security, Medicare). In contrast, public assistance programs (e.g., welfare, food stamps) are need-based and do not require prior contributions.

Social Insurance Is Also Referred to as Public Assistance