Social Security is essentially
A) an entitlement.
B) insurance.
C) means-tested.
D) a health program.

Question

Quizplus · Accepted Answer

Social Security is considered an insurance program since it provides benefits to individuals who have paid into the system through payroll taxes. It is not a means-tested program as eligibility is based on an individual's work history and contributions, not their income or assets. While Social Security does include some health-related benefits such as Medicare, it is primarily focused on providing retirement and disability benefits.

Social Security Is Essentially